Business Environment

Consumer organisations and NGOs create awareness among consumers about their rights and responsibilities. They conduct workshops, publish educational material, and run campaigns to prevent exploitation of consumers by sellers. They also guide consumers in filing complaints and seeking redressal. Hence, they play an important role in consumer education.

E-business can be set up with minimal investment in infrastructure, as it requires only internet connectivity, a website, and digital payment systems. Traditional business, on the other hand, requires physical space, stock maintenance, and higher capital investment. Therefore, setting up e-business is easier, quicker, and more economical compared to traditional business.

Organising refers to arranging resources and activities in a structured way to achieve organizational goals. It facilitates administration because managers can clearly delegate authority and responsibility, making monitoring easier. It also facilitates operation because workers know their roles, duties, and reporting relationships, which ensures smooth day-to-day working. Thus, organising supports both administration and operations.

Society today expects businesses not only to make profits but also to fulfill social responsibilities. Modern businesses are expected to ensure environmental protection, fair wages, ethical practices, and sustainable development. With increasing awareness, consumers demand transparency, quality, and accountability from businesses. Hence, the expectations of society are constantly evolving.