(1)What is a Business Environment? Answer A Business Environment is the physical and operational factors‚ both internal and external‚ that affect the flow of activities in a business. They include; customers‚ competitors‚ suppliers‚ distributors‚ industry trends‚ substitutes‚ regulations‚ government activities‚ the economy‚ demographics‚ social and cultural factors‚ innovations and technological developments. (2)What Are the Types of External Business Environments? Answer There are many types
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a good‚ service‚ product‚ or idea‚ obtained from a seller‚ vendor‚ or supplier for a monetary or other valuable consideration * one who absorb organizational outputs * represent potential uncertainty to an organization * Their taste can change and they can become dissatisfied with organization’s product or service Customers are generally categorized into two types: * An intermediate customer or trade customer (more informally: "the trade") who is a dealer that purchases goods for re-sale
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[1] Achievement test is an examination of what we know‚ contrary to the domain which is designed to detect the mastery of knowledge and skills of the candidates. From ancient time‚ everyone thinks that the results of the achievement test will affect the success of the students in their future‚ especially elders. The cognitions of the elders has given a heavy pressure to the students‚ but the students can’t complain to the elders. Along of the changing and vicissitude of the community‚ the students
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[TYPE THE COMPANY NAME] The affects of social network on the modern business environment Business By Masoud Sadeghizadeh Spring quarter 2010 Final paper by Doctor Paul Contents Abstract P 3 Introduction P 3 Definition of social networks
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of supporting change in a business environment Section 1 – Understand why change happens in a business environment 1. Explain why change happens in a business environment. You should include at least three reasons in your answer. Reasons for change in a business environment may include: internal factors • A business wants to reduce waste and costs • A business launches a new product • A business introduces 24-hour customer support • A business introduces quality
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* Business Environment Understanding the environment within which the business has to operate is very important for running a business unit successfully at any place. The environmental factors influence almost every aspect of business such as‚ its nature‚ its location‚ prices of products‚ the distribution system‚ or the personnel policies. It is important to learn about the various components of the business environment‚ which consists of the economic aspect‚ the socio-cultural aspects‚ the political
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| HND 104 The Business Environment | HND Business Management Name: Lauren Turnbull Student No: 04008416 Tutor: Joanne Martin
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Abdullah Co-ordinator and Faculty‚ School of Business Submission date: 20.09.2012 Contents Task 1(LO1.3.1) Explain how market structures determine the pricing and output decisions of Ollo:-…………………………………………………………………………………………………………3. Task 2: Illustrate the way in which market forces shape organizational responses using a range of examples:-…………………………………………………………………………………………………4 Task 3: Judge how the business and cultural environments shape the behavior of OLLO:-……6 (Task- 4.1)
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CASE STUDY ON BUSINESS ENVIRONMENT Page 1 of 17 Acknowledgement The successful accomplishment of this case study is the outcome of the contribution of number of people‚ especially those who have given the time and effort to share their thoughts and suggestions to improve the report. At the beginning‚ I would like to pay my humble gratitude to the Almighty God for giving me the ability to work hard under pressure. This report on “Case study on Business Environment” is prepared through
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NAME: TAHIR M SULTAN UNIT: 4 (BUSINESS ENVIRONMENT) ASSIGNMENT NUMBER: 1 ASSIGNMENT TITLE: THE CASE: MCDONALD LECTURER: Mr. Hamid Rahim SUBMISSION: 11-10-2011 1. LIST SOME STAKEHOLDERS OF MCDONALDS. CLASIFY THEM AS INTERNAL‚ CONNECTED AND EXTERNAL TYPES. Stakeholders can be defined as “individuals and groups who are affected by the activities of an organization. The most important stakeholders can be seen as those with most to lose from the organization’s actions‚ but this does
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