and external environment of business and in each case explain five components of the environment. The term business‚ in economic sense means human activities which are performed with the objectives of earning profits. Human activity for earning profit may be in the form of production‚ extraction or purchase of goods for sale. It is expected of business to provide goods and services to the society in an effective manner. Thus‚ in today’s competitive environment‚ survival of business unit is not
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. Using two specific examples‚ explain how to choose the most appropriate method of communication to meet your needs and the needs of others. 3. Describe at least two ways of actively listening. • Be in an environment that minimises distractions. If you are discussing something particularly detailed‚ a quiet interruption-free office may be needed. • Make sure you have enough time to receive the information. • Look at the speaker and actively listen to what they are saying
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The external Environment of business refers to the external forces which consist of legal-political‚ economic and culture‚ that play a part in influencing the direction that the firms take. The legal element of the environment is the framework of rules laid down by the government which business must operate. The labor laws protect the rights of the NBA players by providing for contracts of employment ‚ compulsory insurance ‚ recognition of National Basketball Association and industrial
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Middlesex University‚ Dubai Business Environment Individual Assignment Company Name: UK Commercial Property Trust Limited’s Date: 18/12/2012 Word Count: 1379 Outline The establishment of UK Commercial Property Trust happened in 2006 at St. Peter Port‚ in the Channel Islands (UK). Ignis Investment Services Limited runs and manages the company. The company invests in a portfolio of diversified‚ commercial properties in the United Kingdom through its subsidiaries. Its portfolio
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CU685 Produce documents in a business environment. 1. 1.1. The different styles of documents that could be used are spreadsheets‚ data sheets‚ slide shows‚ letters‚ fax documents and memos. The documents could be printed or they could be electronic format. 1.2. When you create a document and store it onto your computed you can save it as different formats e.g. plain text (.txt) Microsoft word (.doc). PDF is another format that can be used but is not editable but you are able to change the
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Define Managerial Economics and explain its main characteristics. 190 days ago by Galaxy Edu Planet 0 Q. Define Managerial Economics and explain its main characteristics. Answer: Meaning: Managerial economics is a science that deals with the application of various economic theories‚ principles‚ concepts and techniques to business management in order to solve business and management problems. It deals with the practical application of economic theory and methodology to decision-making problems
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2.5 Schools as Organisations Learning outcome 1 1.1 The two main state schools are either LEA (Local Education Authority) funded or Academies. The main independent schools are Private schools and free schools. Faith schools can be either state or independent schools. 1.2 Within state schools‚ pupils get an education free of charge and the National Curriculum must be followed LEA funded schools are controlled by the local council and some of these can be faith schools which will
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a positive and a beneficial one. ————— 1. Douglas Gentile‚ “Pathological Video Game Use among Youth 8 to 18: A National Study‚” CHAPTER I INTRODUCTION Background of the study The youth of today no longer seem to spend their leisure activities like in the olden days; outdoor games or playing with toys‚ instead‚ they spend their free time in their homes‚ internet cafés or computer shops simply to satisfy their hunger; and that hunger is Online Gaming. Online gaming has such a profound
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satisfy individual and organization goals”. Philip Kotlerinterprets that marketing is ’satisfying needs and wants through an exchange process the common interest in all three definitions is fulfilling customer needs and providing benefits The small business enterprise that I have chosen to discuss is called ‘Hair Today ‘this is a professional hair salon that is situated in the heart of Kentish town for over 30 years. Hair today has a total of 20 employees‚ including hairstylists‚ hair washers and administration
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Section 2: BUSINESS SKILLS Topic 6: The Internal Business Environment Objectives: By the end of this unit students should be able to:- Describe the structure of internal business environment Identify the importance of OHS in internal business Discuss the office roles and functions Recognize the importance of good customer service. The Internal Business Environment The internal business environment are best viewed as the extent to which resources‚ and the ability to deploy them
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