Ch 5 · Business & Commercial Knowledge — Business Environment

📘 Core concepts

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