Understanding Microeconomic Concepts in Business Environment - Presentation

Business
environment

TABLE OF CONTENT
 Introduction
 Explaining the microeconomic concepts used in the case study related to diamond
 Concept of demand &supply and market structure
 Conclusion
 References

INTRODUCTION
 Business environment is the aggregate of
internal and external factors of
environment.
 These factors impact the business directly
or indirectly to various organisations.
 The internal factors include the
organisational policies, mission and
human resource.
 On the other hand, external environment
comprises those factors which cannot be
controlled by the business (Bigerna,
2018).