In economics‚ a recession is a business cycle contraction‚ a general slowdown in economic activity. Macroeconomic indicators such as GDP‚ employment‚ investment spending‚ capacity utilization‚ household income‚ business profits‚ and inflation fall‚ while bankruptcies and the unemployment rate rise. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events‚ such as a financial crisis‚ an external trade shock‚ an adverse supply
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Business Environment Can your business survive? Marks and Spencer is a retailer department that offers high quality home products‚ fashionable clothes for women‚ men and kids as well as luxury food & wine in store and online; from 2‚000 suppliers globally. M&S also provide services such as TV installation for free when you buy TV from them‚ energy resources‚ insurance‚ gift wrapping and flowers deliveries. Marks and Spencer belong to the Private sector organisation and it’s registered as a public
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competitive business environment‚ business organizations are striving to stand out from their competitors and attract targeted audience by providing consistent and reliable customer service. However‚ if a business organization is to implement effective customer service programs‚ they must have their employees acquire a set of skills that collectively encompass the business social/interpersonal area. Although business social/interpersonal skills cover many dimensions of business‚ some common business mistakes
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products or using of first-class technology is no longer a kind of success for a company or corporation in current business environment. Companies have realized that they must also seek sustaining competitive advantage from the effective management of human resources. That means Human resource managements (HRM) has increasingly been recognized as a critical segment of international business operations (Hertog‚ 2010). Moreover‚ the more rapid pace of internationalization and globalization leads to a more
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BUSINESS ENVIRONMENT ASSIGNMENT-1 1. Discuss the concept of Corporate Social Responsibility with the help example of corporate Entity you know? Corporate social responsibility (CSR) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in‚ self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law‚ ethical standards‚ and international norms. Let me explain the Corporate Social Responsibilities
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anything that relates to people in the business - for example‚ staff and managers. Physical resources are those that are physically used by the business - for example‚ land‚ raw materials‚ buildings or equipment. Technological resources are those that make use of technology - for example‚ computers‚ software or systems. Financial resources are any aspects of the business relating to money‚ such as money owed to or by the business. It is essential for any business to control‚ manage and make the best
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The Business Environment Apple and Waitrose The two businesses that I am going to be for this assignment the two companies are contrasting in the way they are managed and the way in which their market shares incline or decline. Waitrose Waitrose is an operating grocery retailer in the UK market. The retailing industry was not initially at the forefront of Waitrose marketing strategy‚ it is only in the last two decades that many retailers have taken an optimistic approach towards their management
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changes in the economic environment on a selected business – D1 After various changes to the economic tax and interest rate‚ CPHP have conducted and compiled research into current public spending. The results show that there has been a dramatic reduction in the level of public spending in the UK. The changes in economic environment will affect a business‚ the profit of the business will be affected because its affect the price and income of a business‚ which are the main aspect of a business. If Tesco
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customers are important? Customers are the most important people for any organization. They are the resource upon which the success of the business depends. When thinking about the importance of customers it is useful to remember the following points: 1. Repeat business is the backbone of selling. It helps to provide revenue and certainty for the business. 2. Organizations are
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FLORIA LON130821006 COURSE TITLE-HND UNIT NO & UNIT TITLE-Y/601/0546 BUSINESS ENVIRONMENT ASSIGNMENT NO 1 -28/10/2013 IULIAN FLORIA LON130821006 Introduction Task 1 AC1.1 The purposes of given organisations AC1.2 1 Organisation stakeholders AC1.3 1. Comparison between NHS and BRC 2. Strategies used by NHS and BRC AC2.1 1. The type of economic system in which the organisations operate 2. How scarce resources
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