1.16 ECONOMIC ENVIRONMENT The economic environment constitutes to economic conditions‚ economic polices‚ and the economic system that is important to external factors of business. The economic conditions of the country include: • Nature of the economy of the country. • The general economic situation in the region‚ conditions in resource markets like money‚ material‚ market raw material components‚ services‚ supply markets and so on which influence the supply of inputs to the organisation‚
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The External Environment affects the internal operations of all businesses. What’s happening in the world of politics‚ economics‚ socially and technologically impacts how a business has to act in order to survive. External elements that affect the inner working of a business are known as PEST factors. ‘PEST’ is an acronym for Political‚ Economic‚ Social and Technological. Politics may affect the ability of a business to achieve its aims and objectives and changes in laws may mean a company has
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External Stability External stability is the government objective that seeks to achieve current account sustainability‚ a continued capacity to service foreign liabilities‚ and a foreign exchange rate; all of which are necessary to facilitate and encourage economic transactions between Australia and the rest of the world. External stability is the aim of government policy that seeks to promote stability and sustainability in Australia’s external sector so that Australia can service its foreign
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Skateboarding It is amazing how a piece of wood with skating wheels loosely attached has evolved into the popular sport we know today. We know this sport as skateboarding. This sport has alot of Information around it and I am going to break it down into three distinct categories. First‚ will be how the skateboarding was created. Next‚ I will explain how the sport has affected our society. Then‚ I will explain how the sport affects my community. The first manufactured skateboard were ordered
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the fall of the US banking system in late 2007 came the recession which lasted all until the present day; we are now currently steadily recovering. But during the recession many countries suffered as did New Zealand‚ out of the companies that were affected‚ among them was Air New Zealand one of New Zealand’s biggest companies. The impacts of inflation causing raised CPI‚ the rise and fall of supply and demand‚ and unemployment are just some of the causes from recession. These impacts have a huge shock
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and how education has changed over the years. There are many advantages and disadvantages having the Internet so prominent in our lives. For most of us the Internet plays a very important role in our lives. The growth of the Internet has helped the medical field advance enormously. Without the needed technology a lot of people would struggle with their health. In addition it saves many innocent lives (“Technology Advancements”‚ n.d. para 6). A big factor in the advancing medical field‚ is how more
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In August 2003‚ Dwight Burch - a dark-skinned‚ African-American waiter at an Applebee’s restaurant in Jonesboro‚ Ga. filed a lawsuit against Applebee’s and his light-skinned African American supervisor. In the suit‚ Burch alleged that during his three months at the restaurant the manager repeatedly referred to him as “tar baby” and “black monkey”. Burch also alleged that the manager told him to bleach his skin and that he was fired when he threatened to report the man to Applebee’s head quarters
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journey began 10 years ago‚ when my family moved to the United States. Family friends that already made the move from Bulgaria to America‚ tried to explain what it would be like on the other side of the ocean but failed to do so. Coming to America affected my family and me in some bad ways and some good ways. I missed my extended family and friends still to this day. The people I used to see every day were not near anymore. After a few months the everyday Skype’s went from once a day to once a week
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and experiment‚ changing the mindsets of many Europeans. The work of the scientists were greatly influenced by the approval of political figures and their desire of power‚ the support and compassion from influential members of the church and social factors that both influenced the progression and acceptance of the new theories. Scientific findings were regarded highly among political figures because it was an opportunity to gain more power and money. With many Europeans sharing this mindset‚ those
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Problem: not working properly acquisition. "is it a problem of Gillette or Duracell?" no real growth no clear strategic direction " the company had gone nowhere for 4 years" External analysis Battery industry/alkaline battery industry Technological segment: new development General environment Global segment: potential market for emerging market‚ sony and panasonic go into US Entry barrier‚ paten is very important‚ we just have 3 players in American market suppliers: who are they
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