NCERT Solutions for Class 12 Business Studies Chapter 3 Business Environment


A business can be established, but to successfully sustain a business, the business needs resources like finance, for which it has to depend on financial institutions. Acceptance of social norms, for which it has to depend on society. Proper market conditions, for which it has to depend on the market. The sale of products/services, for which it has to depend on the customers. The labour, for which it has to depend on society.

Then there are natural resources and raw material, for which it has to depend on Nature. Also, the legal support of the government, for which it has to depend on the government. Some many factors and dimensions affect Business Environment. These factors are many different components of a single concept called Business Environment.