Name: | Unit 1: Business Environment | Lecturer: | Date Issued: | Completion Date: | Fail Pass Merit Distinction P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | P10 | P11 | P12 | P13 | P14 | P15 | P16 | M1 | M2 | M3 | D1 | D2 | D3 | | Learning Outcomes:On successful completion of this unit a learner will:1. Understand the organizational purposes of businesses2. Understand the nature of the national environment in which businesses operate3
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“Have you ever used force?”‚ In the spiel “The use of force” by William Carlos Williams‚ a physician uses force to save a child’s life. Doctors make a promise called the “Hippocratic Oath”. This oath assures that doctors do no harm. The story reveals how force is portrayed by all characters. The doctor uses force by holding the little girl down and the little girl resists which just makes the doctor use added brunt. The parents try to help hold her down but she continues to kick and scream. Using
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basketball has some type of force working upon it. For example‚ without friction a basketball player would be unable to stop because inertia states that objects in motion tend to stay in motion. Without friction acting upon the player‚ there is no force to stop him‚ until he hits a wall that is. With this information you can come to the conclusion that without forces‚ there would be no game of basketball. However‚ what exactly is a force? Webster’s dictionary defines force as a push or pull that can
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Marketing Environment Marketing environment defined as ‘those condition and influences impingeing or potentially impingeing on marketing’ or anything that has an impact on what marketers do. Why pay attention? The world is changing constantly‚ if marketers don’t understand changes‚ they may be threatened. By consistently monitoring the environment‚ marketers can plan effectively and plan. There organisation ready to face change. Other definition; Actors and forces outside of marketing that
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The External Environment All outside factors that may affect an organization make up the external environment. The external environment is divided into two parts: ● ● Directly interactive: This environment has an immediate and firsthand impact upon the organization. A new competitor entering the market is an example. Indirectly interactive: This environment has a secondary and more distant effect upon the organization. New legislation taking effect may have a great impact. For example‚ complying
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The Macro-environment The macro-environment includes concepts such as demography‚ economy‚ natural forces‚ technology‚ politics‚ and culture. Demography refers to studying human populations in terms of size‚ density‚ location‚ age‚ gender‚ race‚ and occupation. This helps to divide the population into market segments which can be beneficial to a marketer in deciding how to tailor their marketing plan to attract that demographic. The economic environment refers to the purchasing power of
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Analyzing the General Environment Select three categories to analyze‚ from the list of the major forces that comprise the macro/general environment. Macro environment are external factors that have a direct impact on the organizations strategy and decision making. Those factors are uncontrollable. For example‚ some of those factors are: change in interest rates‚ change in cultural tastes‚ government regulations‚ social condition‚ technological changes‚ and natural forces. Those factors are usually
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Marketing Environment Firms are affected by lots of different things; a firm’s marketing environment is made up of all of the things that affect the way it operates. Some of the factors in a firm’s marketing environment can be controlled by the firm but some are uncontrollable. Firms need to understand their marketing environment so that they can make the most of positive factors and manage the impact of negative factors. The market environment is a marketing term and refers to factors and forces that
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Sales Force In the beginning of the simulation‚ Allround started with 135 members of the sale force. A well equip and knowledgeable sales force can also help a company deliver more value to the customer (Winer & Dhar‚ 2016). The decision to add or contract the sale force was based on the simulation reports and the competitor’s sale force. From the beginning of the simulation‚ we came to a realization that sale force plays a pivotal part of the simulation‚ having the right amount of sale person per
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Geography Essay The biophysical environment consists of living things such as plants & animals and non-living things such as rocks‚ soils and water. It is the symbiosis between the physical environment and the biological life forms within the environment. The biophysical environment is made up of four overlapping spheres: Atmosphere‚ lithosphere‚ hydrosphere biosphere. As shown in figure (1). These four spheres are dependent upon each other. Each sphere plays a vital role in sustaining
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