Ch 5 · Business & Commercial Knowledge — Business Environment

5 concept points · 0 formulas · 4 exam-critical points.

📘 Core concepts

• 1Business environment = sum of internal + external factors affecting business.
• 2Micro environment: customers, suppliers, competitors, intermediaries, public.
• 3Macro environment (PESTLE): Political, Economic, Social, Technological, Legal, Environmental.
• 4Government interventions: industrial licensing, FEMA, FDI policy, MSMED Act.
• 5Indian financial system pillars: RBI, SEBI, IRDAI, PFRDA, banking, NBFCs.