Their castes and customs differ widely. Business environment determines the success or failure of this policy. Jute industry is located at Kolkatta due to the favorable geographical and climatic conditions to grow the raw material. In the Indian context, the Government’s role and influence on business policy are multifarious. Now, the Third World countries are also increasingly realizing its importance. The control of big business is exercised through MRTP Act. The value system of a business organisation also determines its behaviour towards its employees, customers and society at large. In the US the nature of business environment is dominated by the government regulations with a view to ensure a certain level of economic life to the people. In 1985, a new Ministry of Environment and Forestry was created. Despite directly affecting businesses, these variables refer to financial state of the economy on a greater level — whether that be local or global. Also, due to Japanese and American craving for prestigious designer goods, Burberry export business increased dramatically (Burberry 2012). The forces which constitute the business environment are its suppliers, competitors, media, government, customers, economic conditions, investors and multiple other institutions working externally. Any unfavorable alteration of this natural environment is called environmental pollution. The labour force is also highly heterogeneous in many respects. Business environment is therefore, the total of all external forces, which affect the organization and the business operations (Kotler &Armstrong 2004). We have only 0.052% of sweet water available to us in our rivers, lakes, crust of earth. Similarly, government policy that allows licensing that is liberal, liberal exportation and importation, inflow of foreign capital and technology, affects the business operation. There are several general environment factors and their impact on any form of a business. political upheavals can see the premises of a business broken into and equipment vandalized or damaged. The business has less control over these factors … Environmental concerns are becoming more important with the wider impact of doing business increasingly recognized by consumers as a factor in their buyer behavior. O.N.G.C. Import and export activities are regulated and restricted by periodical Import and Export Policies announced by the Central Government. Environmental factors: Environment factors such as weather, climate change, temperature etc. Physical and Technological Environment, Contents of a Good Salesmen Training Programme, 5 Methods to determine the value of a Corporation, 7 Arguments against Social Responsibilities of Business, Production Planning & Control | Meaning | Objectives | Elements | Stages, Factors to be Considered in Planning Factory Building, Weaknesses of Trade Union Movement in India and Suggestion to Strengthen, Audit Planning & Developing an Active Audit Plan – Considerations, Advantages, Good and evil effects of Inflation on Economy, Vouching of Cash Receipts | General Guidelines to Auditors, Audit of Clubs, Hotels & Cinemas in India | Guidelines to Auditors, Depreciation – Meaning, Characteristics, Causes, Objectives, Factors Affecting Depreciation Calculation, Inequality of Income – Causes, Evils or Consequences, Accountlearning | Contents for Management Studies |. The entrepreneurhas foresightedness and self confidence, which he utilizes for production activities. The company employs trade-marking and advertising to market its products. In developed countries, the per capita income will be high and the size of the market will also be large. Indian population is highly heterogeneous with varied religions, languages, castes and creeds. These factors provide opportunities, threats and challenges to the firm. It took more than a century of applied research and engineering in photography to develop the basic discovery into a saleable product. The particular type of industry develops, only where its raw materials are available. The doctrine of “Laizze-faire” has become an outdated or discarded principle and the Government all over the world regulate the business activities. Ecological factors consist of natural resources like farmland, fisheries, forests, minerals like coal, metals, oils etc., energy, air and water. The report will give insight into the demographics and political, economic and legal systems of Myanmar. But now the situation is changed and we came to know that such resources are also very much limited in supply. So let us start with the introduction to business environmentand learn its importance. In India also, its importance is now well recognized by the Government. All these facts clearly reveal that Government has an upper hand in all the business policies in India. It has branded stores and franchises globally, and sells through allowances in third-party stores. Social factors are basically sociological factors related to general society and social relations that affect your business. Deoras, well-known environmental specialist, in his article in “Economic Times”, says as follows. In India, almost all the coal mines are nationalized and barring a few production of steel is also under state monopoly. 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