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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Cultural and Social Maldives is a beautiful island in the Indian Ocean that makes it the smallest country in the world population wise that attracts many tourists all year round. Maldives offers a wide variety of water activities such as surfboarding‚ diving and most importantly‚ snorkelling. The potential group of customers would be the younger aged tourists. Before the business expands their business there‚ they must look at a few aspects. Firstly‚ the language that is used in Maldives
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Unit 1 the business environment Tescos Political factors This could include government support‚ provide‚ enhancing skills of the working population of Tesco’s which may include training days or induction days if you have just been previously employed. The main factor could be government support which has to routes that it can go down. Direct support or indirect support which also includes the fiscal policy which is linked with taxes‚ vat and cooperation tax The level of taxation changing
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Administration and Stakeholders factor Administration and Stakeholders factor A current study shown by the Health Resources and Services Administration (2004) confirmed that a variety of factors affect the demand and supply of direct-care in health care. These factors can be divided into two groups: policy controllers which they have important impact and exogenous factors‚ which policy makers have little or no control. Policy controls are recognized as; employee’s pay‚ behavior of employees‚ unionization
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How political and legal systems affect International Business Introduction Political and legal systems play a major role in the International businesses for the companies that source‚ produce‚ market and export products in foreign countries. They pose a big challenge to the companies and the companies need to overcome the factors to become successful in the international stage. We will see the various political and legal environments available and how they would affect the international business
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Hibaq Mohamed Unit 4 M2: Analyse the legal and ethical operational issues in relation to the use of business and information using appropriate examples. In this assignment I will be analysing the legal and ethical operational issues in relation to the use of business information using examples‚ advantages and disadvantages. Data protection act 1998 There are many advantages to Enterprise rent a car and there customers on of them being that if they abide by the data protection act its easier
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which helps to make good and since the economics regard entrepreneur’s as a specialist form a labour input. Others believe that they deserve recognition as a separate factor of production in their own rights. With entrepreneurs they play an important role in the society. They make a major contribution to economic activity. Imagine how many jobs are created by the thousands of new businesses that are set up every year and by the small businesses that prosper and take on more staff. The Thorpe Park
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The purpose of this essay is to critically evaluate the influence of stakeholders on encouraging responsible business practices. This essay will look in to the different stakeholder theories and how these theories help on encouraging responsible business practices in an organization or company. Firstly as mentioned the different forms of stakeholder theories will be outlined to have a clear understanding of these different theories‚ this will also go in to explaining what is the role of managers
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Unit 1: The Business Environment P2: To describe the influence of stakeholders on the business. Stakeholders: A stakeholder is anyone with an interest in a business. Stakeholders are individuals‚ groups or organisations that are affected by the activity of the business. There are two types of stakeholders: – Internal: These are groups within the business including owners and workers. – External: These are groups from outside of the business including the community.
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Political Perspective of an Organisation (AUSTRALIA POST) What is the connection between the structure of the organisation and the distribution of power in the organisation? The intrinsically political nature of organisation is recognised in the ways found to create order and direction among people with potentially diverse and conflicting interests‚ and the problems and legitimacy of management as a process of government and about the relation between organisation and society (Morgan‚ 2006)
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