| HND 104 The Business Environment | HND Business Management Name: Lauren Turnbull Student No: 04008416 Tutor: Joanne Martin
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Business Environment Introduction All businesses operate in a always changing‚ growing and in some ways unique environment. In order for a business to operate successfully in its environment‚ business need to adapt after the environment. It can mean that business have to respond to changing market conditions which affect the demend for the their products‚ how the competitors behave or the change in government policy. The business environment can be divided
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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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Macro Environment The larger societal forces that affect the microenvironment- demographic‚ economic‚natural‚ technological‚ political‚ and cultural forces. These factors represent constraints within which all organizations including the automobile industry must function. Macro Environment For any decision there is n number of factors which influences the decision. Be it a decision related to any organisation‚ any business concern or even an individual. Thus it is per se very much necessary
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water/resources than manually performing the tasks. However‚ with the increase in efficiency‚ demand and consumption has also gone up‚ cancelling out the positive impact of decreased need for resources gained from technology. In order to prevent the environment from continuing this downward spiral‚ we as humans must make behavioural changes as well as technological advances. The modern society is that of an anthropocentric one‚ so distinct from the previous Holocene that it was given a new name: the
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ECONOMICS CHAPTER 1- INTRODUCTION TO ECONOMICS ● Assumed 3 decision makers- consumers (households) – that sell land‚ labour‚ capital & entrepreneurship and firms- that pay rent‚ wages‚ interest and profits (rewards for above factors of production ) firms then use the factors to produce G/S in return for payment from consumer. Govt imposes taxes on individuals and (income tax) and firms (corporate tax) to provide infrastructure and other services to community ● Econon’s 2 basic assumptions
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Name: Cameron Nwanze Subject: D1 Evaluate the impact of changes in the economic environment on a selected business. I am required to evaluate the impact of changes in the economic environment on marks and spencer’s in relation to government decisions‚ policies‚ spending and economic management Government Decisions In 2012 the government decided to raise the minimum wage and change the vat rules this had a massive effect on marks and spencer’s as a company. The government raised the minimum wage
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Department of Marketing Dhaka University Course Name: Business Environment Preface The objective of this course is to provide requisite knowledge for successful business manager. To develop the understanding of the cultural‚ demographic‚ social‚ economical‚ political‚ technological and legal environment within which the business operates. Provide knowledge on how to adapt with the changing environmental situation. It also discusses the issues related to the relationship between business
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exposure when the currency cannot be hedged Currency Diversification- this can limit the potential effect of any single currency’s movements on the value of an MNC. 3) Compare MNC capital budgeting to domestic capital budgeting. Talk about economic exposure. MNC capital budgeting‚ like domestic capital budgeting‚ focuses on the cash flows of prospective long-term investment projects. They use the same NPV discounted cash flow model. However MNC is more complex because of the following
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Market Environment As a software development company‚ the company targets to provide the increasing demands for software products not only to big corporations but to small-scale businesses as well. This is also to foster the company’s purpose of reaching to a wider margin as possible customers. The company also caters to private individuals for personalized and customized projects to fit their specific needs. To all the company’s possible customers‚ the company offers services such as software
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