the Economic Environment T/502/5500 BTEC National 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to introduce learners to the interaction between the general economic environment and business activity and how the interactions generate national wellbeing. Learners will study how government activities regulate and influence business activities and how business activities influence government action and policy. Unit introduction Businesses operate in an environment shaped
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UNIT 1 ECONOMIC ENVIRONMENT OF BUSINESS Objectives After studying this unit‚ you should be able to : • Define what you mean by “environment” • Classify the complex environmental variable on the basis of objective criteria • Identify the critical elements of economic environment of business • Analyse the interactions between economic and non-economic environment • Explain the impact of economic environment on business management; and • Illustrate your understanding of economic environment with
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assignment I will be talking about Marks and Spencer and how the economic environment could have an effect on them. The economic environment is basically all the economic factors brought together. By saying economic factors‚ I mean aspects such as; employment‚ inflation‚ interest rates‚ productivity and wealth. All of these elements mentioned above have an influence on the buying behaviour of consumers and organisations. P1 In terms of economic variations for marks and spencer‚ the best way to explain
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The Arctic: Environment‚ Economic Development and Security Although many definitions are available‚ the “Arctic” is everything North of the 60th parallel of northern latitude. Canada has three territories and several tips of other provinces which total 40% of Canadian landmass that fits the definition of the Arctic. In this landmass‚ an estimated population of more than 100‚000 Canadians call it home. (The Canadian Arctic‚ 2013) This land and these people have needs and desires that are up to the
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ECONOMICS AND BUSINESS ENVIRONMENT 1.1) Economic activity and economics (Pp. 14-16) Prosperity: The ready availability of goods and services to fulfil needs. Resources: Land‚ labour and capital. Scarcity: The excess of human needs over what can be produced. Economic activity: occurs when people (consumers‚ managers) make choices to maximise their prosperity using scarce resources. The Science of Economics: is concerned with the study of economic activity. This field is complex
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The iPhone The iPhone has been one of the most influencial technological feats of this decade. For those who do not own one envy it‚ and those who posses it cannot go throughout their daily routine without it. One of the most sought after items on today’s market‚ the iPhone is Apple’s flagship device alongside the iPad. With the wide variety of features and downloadable content the iPhone makes virtually anything possible in the palm of your hand. Having personal experience with the iPhone I can
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* Apple is a company which produces computers and technological products like computers‚ mobiles . On April 1‚ 1976‚ the Apple computer was established . Steven Wozniak‚ a high school drop-out who worked for Hewlett-Packard‚ dabbled in computer-design and created what would become the Apple I. His high school buddy Steven Jobs‚ also a drop-out‚ worked for Atari and convinced him that the two should form a company to market the new computer‚ which eventually took off in 1977 with the Apple II.
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LEGAL‚ SOCIAL‚ AND ECONOMIC ENVIRONMENTS OF BUSINESS 1 Legal‚ Social‚ and Economic Environments of Business Andrew Desjardins American Intercontinental University LEGAL‚ SOCIAL‚ AND ECONOMIC ENVIRONMENTS OF BUSINESS 2 Abstract There are three types of businesses: Sole Proprietorship‚ Partnership‚ and Corporation. Bases on the scenario represented in this paper‚ a sole proprietorship is the smartest decision when starting this business
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4 Data Analysis: 4 Business Strategy of Apple inc. 4 Operating System of the Company 5 Economic growth of Apple Inc. 6 Unit Sales of iPhone in 2011-2012 : 7 Apple computer company statistics: 8 Total annual revenue: 9 Total financial asset: 10 Sales of Share: 10 Revenue Contribution from the Divisions of Apple Inc: 11 Impact of Apple Inc in Home country and Host Country 12 Retail Store visitors of Apple Inc: 13 The Marketing System of Apple Inc 14 A. The company’s market and market
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The relationship between the economic growth and environment is and may always remain a complex matter. Some perceive the emergence of new pollution problems unsuccessful when dealing with global warming. There are others however‚ that have a more optimistic view. They see tremendous progress made in improving air quality in major cities and note ever improving human condition which was made possible by the advances of technology. The limited natural resources of the planet had many years been
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