The political environments which include political stability ‚ government support for different types of organisation‚ fiscal‚ direct support‚ providing infrastructure‚ enhancing skills of the working population‚ organisations to support businesses and membership of international trading communities. Political factors can affect a business in the following ways: Political stability affects a business because taxation‚ legal framework‚ policies and laws are all under threat of drastic changes
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Describe how political‚ legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders. Tesco In all the business in the country like Britain‚ they have to have this in mind that there are changes that are taking place in the business environment and to the people who maybe the shareholders. These changes can be the political‚ legal‚ and the social factors with the business environment and the country. Political factors of Tesco as a retail
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P6 & M3: Political‚ legal and social factors impacting the business There is a range of influences that can affect the business in the business environment. Usually these influences cannot be controlled by the business itself. In P5 and M2 tasks I have presented the different economic impacts‚ and now I will present the political‚ legal and social factors in my P6‚ M3 and D2 tasks. Political factors There are 3 types of government that affect the country and these are Local‚ National Government
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report describes the influence of political‚ legal and social factors on the activities of Coca-Cola Enterprises Ltd and Croydon Health Services NHS. The report also identifies how the aforementioned factors may affect its stakeholders. All businesses will be affected by factors in its environment. The following are the 3 main factors affecting businesses; 1. Social Factors Social factors refer to the changes in the lifestyle‚ behavior‚ attitudes and tastes of different societies. Social factors
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Political Impacts Political stability is usually defined as the state of peace that is normally experienced in a country from the activities from the government and also the government in this situation will make decisions and keeping best interests in mind for people. Government initiatives are when the government can support business through grants and tax reductions. The government have their own initiatives for companies like Asda and these are the health eating and fit for life. These are campaigns
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The impact of Political‚ Legal and Social factors on a business Describe how political‚ legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders. Political factors: ‘’Political factors are how and to what degree a government intervenes in the economy.’’ (http://en.wikipedia.org/wiki/PEST_analysis) Political factors include: * Environmental regulation and protection * Taxation ( corporate: consumer) * International
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Political‚ legal and social factors impacting LLC and IAG The following report will consist of some of the social‚ political and legal factors that could potentially affect Leeds City College and International Airlines Group as a business. I will also go over which factors are having the most significant impact on the business and how the businesses are trying to adapt and change in order to try and negate the impact of these factors and how they may capitalize on some. International Airlines Group
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SOCIAL FACTORS – BUSINESS ENVIRONMENT Introduction: The main factor that affects most business is the degree of competition – how fiercely other businesses compete with the products that another business makes. The other factors that can affect the business are: Social – how consumers‚ households and communities behave and their beliefs. Legal – the way in which legislation in society affects the business. Economic – how the economy affects a business in terms of taxation‚ government spending
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CHAPTER THREE THE POLITICAL AND LEGAL ENVIRONMENTS FACING BUSINESS OBJECTIVES • To discuss the different goals and functions of political systems • To profile trends in the emergence and diffusion of political systems • To identify the idea of political risk and approaches to managing it • To understand how different political and legal systems affect the conduct of business • To profile trends in the evolution and diffusion of legal systems • To examine the major legal issues facing international
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------------------------------------------------- UNIT 1: THE BUSINESS ENVIRONMENT ------------------------------------------------- P3 & P4 GUIDANCE CRITERIA: P3: DESCRIBE HOW TWO BUSINESSES ARE ORGANISED P4: EXPLAIN HOW THEIR STYLE OF ORGANISATION HELPS THEM TO FULFIL THEIR PURPOSES ------------------------------------------------- CONTENT: ------------------------------------------------- ------------------------------------------------- ORGANISATIONAL STRUCTURES:
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