business environment


All of the factors, both internal and external, which influence the function of a business. Internal factors include items such as the company's products or services, employees, assets, and marketing. External factors include competitors, stockholders, customers, and economic conditions.

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You should always try and have a good business environment in your work place so that your workers know what to expect.

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The current business environment of the financial industry necessitates a strong focus on self-service options such as mobile banking, text alerts, and online bill pay services in order to remain competitive.

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After the subprime mortgage induced recession between 2008-2010, the business environment was difficult for many businesses because credit markets were frozen and investors were wary of business failures.

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