(1)What is a Business Environment? Answer A Business Environment is the physical and operational factors‚ both internal and external‚ that affect the flow of activities in a business. They include; customers‚ competitors‚ suppliers‚ distributors‚ industry trends‚ substitutes‚ regulations‚ government activities‚ the economy‚ demographics‚ social and cultural factors‚ innovations and technological developments. (2)What Are the Types of External Business Environments? Answer There are many types
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A4060519 Student´s Name: Michael Wanderley Mallmann Spanholi Business Environment LO1. Understand the organizational purposes of businesses 1.1 Identify the purposes of different types of organisation The UK legislation allows different types of legal structures to do business in its area. In the private sector‚ the following forms of companies can be seen: Sole trader is a business owned by an individual who is self-employed‚ but staff can be hired on either a full-time or a part-time
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SECTION C The business environment 273 03-BusinessforCSEC-SectionC-cpp.indd 273 09/02/2011 11:46 Chapter 8 THE ROLE OF GOVERNMENT IN AN ECONOMY omy In this chapter we discuss responsibilities of government‚ including environmental protection‚ zoning and conservation‚ and external (international) boundaries. We also look at laws to protect consumers‚ consumer organizations and standards. We consider the ways in which governments interact with business activity in the private and
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* Business Environment Understanding the environment within which the business has to operate is very important for running a business unit successfully at any place. The environmental factors influence almost every aspect of business such as‚ its nature‚ its location‚ prices of products‚ the distribution system‚ or the personnel policies. It is important to learn about the various components of the business environment‚ which consists of the economic aspect‚ the socio-cultural aspects‚ the political
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Unit one: Principles of personal responsibilities and working in a business environment Assessment You should use this file to complete your Assessment. The first thing you need to do is save a copy of this document‚ either onto your computer or a disk Then work through your Assessment‚ remembering to save your work regularly When you’ve finished‚ print out a copy to keep for reference Then‚ go to www.vision2learn.com and send your completed Assessment to your tutor via your
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• The aims of Waitrose are to offer a top quality service and also try have get their customer to be eating organic affordable food by 2012. • They also are trying to get their own farm to own and grown organic crops. Objectives of Waitrose • One objective of Waitrose is to try and have regular employee reviews to try and make sure the service they provide is at a high quality. • If the company are going to make profits then they will have to find their own land if they want to grow crops.
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L3 90 Credit Diploma in Business Unit 1 – The Business Environment Assignment Learning Outcomes – on completion of this unit you should; 1. Know the range of different businesses and their ownership 2. Understand how businesses are organised to achieve their purpose 3. Know the impact of the economic environment on businesses 4. Know how political‚ legal and social factors impact on business Task 1 – Submission Date 27/09/2012 You are working as a business journalist for the Express
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Lesson 1 BUSINESS AND ITS ENVIRONMENT NATURE OF BUSINESS Business may be understood as the organized efforts of enterprise to supply consumers with goods and services for a profit. Businesses vary in size‚ as measured by the number of employees or by sales volume. But‚ all businesses share the same purpose: to earn profits. The purpose of business goes beyond earning profit. There are: • It is an important institution in society. • Be it for the supply of goods and services • Creation of
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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
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952502362200Abigail Webb Unit 3 Health‚ Safety and Security P1 Danae Copley 20050608 Abigail Webb Unit 3 Health‚ Safety and Security P1 Danae Copley 20050608 P1 In this assignment I will be explaining the potential health‚ security and safety hazards within a nursery setting. Health Hazards There can be a number of health hazards within a nursery one major hazard being solid nappies which obviously occurs in nurseries because young children attend and most don’t become potty trained
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