business environment

Definition

The combination of internal and external factors that influence a company's operating situation. The business environment can include factors such as: clients and suppliers; its competition and owners; improvements in technology; laws and government activities; and market, social and economic trends.

Use this term in a sentence

  • The business environment was very professional and amazing and made everyone feel as though they were a part of something special.

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  • You should try to make sure your workers are in a good business environment so that they will be productive.

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  • Sally enjoyed the business environment at StrexCorp: the clients were friendly and paid on time, the executive board was friendly and responsive to employee needs, and the company was largely successful in the greater market.

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