BTEC L3 Diploma/Ext. Dipl.-Business Unit 1 BUSINESS ENVIRONMENT ASSIGNMENT 1 External Factors Effecting Business Strategy prepared by: Raed F. Banna DATE: 18/NOV/2018 Contents Page 1- Introduction to business environment...........................................................
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Legal and political environment • This environment is composed of laws‚ government agencies‚ and pressure groups that influence and limit various organizations and individuals. • Sometimes these laws create new opportunities for business. Various associations have been formed in India for automobile industry ➢ ACMA and SIAM are two major automobile association in India. ➢ acma(Automotive Component Manufacturers Association of India ) ➢ siam (Society of Indian Automobile
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Second Exam Review Guide Chapter 8 – Negligence (5 extra credit questions) Know the definitions of negligence and negligence per se * Negligence – conduct that falls below the standard established by law for the protection of others against unreasonably risk of harm; not intentional and usually by accident * Negligence Per Se – violation of a statute that prohibits or requires a behavior in order to prevent harm to others; both duty of care and breach Know and be able to apply the
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unlimited. 2. Leigh wants to go into the business of construction contracting. Among the reasons that would probably convince Leigh to set up his business as a sole proprietorship would be a. its greater organizational flexibility. b. its limited liability. c. its perpetual existence. d. the ease of transferring the business to other family members. 3. Kelly‚ the owner of Llama Farms‚ a sole proprietorship‚ wants to obtain additional business capital but to maintain control. This can best
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Exactostock/SuperStock 534 Analyzing Financial Statements: A Managerial Perspective Home and G arden Warehouse (HGW) is a large home i m p r o v e m e n t r e t a i l e r‚ m u c h l i k e H o m e D e p o t o r L o w e ’s . A number of managers are interested in its financial situation. For example‚ Barbara Wilson‚ president of HGW‚ wants to know whether the company has been able to obtain planned discounts from suppliers and reduce selling and operating expenses. Bob Watson‚ a manager at
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Chapter 1 Hong Kong’s Business Environment Think it over (p. 2) 1 Arguments for: lower costs (e.g.‚ rent and salary)‚ larger space for expansion‚ and a better living environment for workers‚ which makes it easier to recruit overseas staff. Arguments against: high relocation costs‚ poor communication network‚ restricted flow of information‚ far from China’s market‚ increase in transportation costs‚ difficult to hire skilled labour. 2 When considering relocation‚ students should
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LEGAL ENVIRONMENT OF RUSSIA Communism is often blamed for the problems that occur today in Russia‚ especially for the lack in the legislation system. However‚ the ancient history of Russia deeply rooted the way current business practices are done in Russia: religion and Tsarism are the foundation of the lack in legislation. The Orthodox Church did not attempt to make its own laws that completed with those of the state. Russia‚ therefore‚ did not see the growth of law as an educational pursuit
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ENVIRONMENTAL LAWS IN KENYA by NEMA LEAD EXPERT Ms Joan Kithika EMCA‚ 1999 Environmental Management and Coordination Act‚ 1999 Assented to in1999 and commenced in 2000. An ACT of Parliament to provide for the establishment of an appropriate legal and institutional framework for the management of the environment and for the matters connected therewith and incidental thereto. EMCA‚ 1999 Institutions under EMCA NEMA: National Environmental Management Authority (NEMA) is to exercise general supervision
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LEGAL AND SOCIAL ENVIRONMENT OF BUSINESS ETHICAL DILEMMAS Ethics is an essential component of all situations and decisions of life‚ whether personal or professional. Ethics defines itself as‚ a systemized set of generally accepted standards or moral values and also the academic study of such belief systems (Massey stream glossary). Ethics can further be divided into various categories depending on the issues and aspects of each respective case. An ethical dimension of business decision-making has
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MODULE -3 Business Around Us Notes 3 BUSINESS ENVIRONMENT nderstanding the environment within which the business has to operate is very important for running a business unit successfully at any place. Because‚ the environmental factors influence almost every aspect of business‚ be it its nature‚ its location‚ the prices of products‚ the distribution system‚ or the personnel policies. Hence it is important to learn about the various components of the business environment‚ which consists of the economic
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