Lesson 1 BUSINESS AND ITS ENVIRONMENT NATURE OF BUSINESS Business may be understood as the organized efforts of enterprise to supply consumers with goods and services for a profit. Businesses vary in size‚ as measured by the number of employees or by sales volume. But‚ all businesses share the same purpose: to earn profits. The purpose of business goes beyond earning profit. There are: • It is an important institution in society. • Be it for the supply of goods and services • Creation of
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CHAPTER 1 THE COMMERCIAL ENVIRONMENT INTRODUCTION The commercial environment is the “arena” in which purchasing and supply professionals and many others in business operate. This environment is essentially live and developing all the time and it includes many factors beyond the organisation’s day-to-day control. This ever-changing business environment puts all organisations under pressure to conform‚ adapt‚ innovate‚ or suffer the consequences of any inaction. Continuous appraisal of the
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Environmental protection is a practice of protecting the environment‚ on individual‚ organizational or governmental levels‚ for the benefit of the natural environment and (or) humans. Due to the pressures of population and technology‚ the biophysical environment is being degraded‚ sometimes permanently. This has been recognized‚ and governments have begun placing restraints on activities that caused environmental degradation. Since the 1960s‚ activism by the environmental movement has created awareness
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ENVIRONMENT MANAGEMENT Harmony between man and environment is the essence of healthy life and growth. Therefore‚ maintenance of ecological balance and a pristine environment has been of utmost importance to the Union Ministry of Power (MoP). NTPC being the leading organization under the ministry in the areas of power generation‚ has been taking various measures discussed below for mitigation of environment pollution due to power generation. Environment Policy & Environment Management System Driven
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There has been a gradual change in the mode of packaging for last years.For instance‚ earlier fruits and vegetables were used to be transported in wooden boxes but today cardboard crates are used .This is mainly to reduce the cost. Obviously‚a cardboard crate would cost less than wooden crate. Moreover‚using cardboard crates is more eco friendly than cutting trees and making wooden boxes and supporting an environmental cause helps firms improve their goodwill and eventually their sales. Similarly
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definition also encompasses creditors and external regulators. Why 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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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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The political environment in a country affects business organizations and could introduce a risk factor that could cause them to suffer a loss. The political environment could change as a result of the actions and policies of governments at all levels‚ from the local level to the federal level. Businesses need to be prepared to deal with the fallout’s of government politics locally and internationally. Let’s first define Political environment‚ there are several factors that creates an Inter-linkages
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ETCO2 Monitoring What is EtCO2 EtCO2 or End Tidal Carbon Dioxide is the partial pressure or the maximal concentration of Carbon Dioxide at the end of an exhaled breath‚ which is expressed as percentage of CO2 or mmHg. The normal values are 5% to 6% CO2‚ which is equivalent to 35-45 mmHg. The term ‘capnometry’ is used to refer the measurement and display of concentration of EtCO2. Another term associated with this parameter is ‘capnography’‚ which refers to the display of a calibrated and a visual
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The importance of the main ingredients of the Montessori method : the directress and the prepared environment Motto:’’ The teacher as an adult should try to interpret the child’s needs and meet them as best as he can by preparing a really suitable environment. This may be the beginning of a new epoch in education‚ which will consider how it can assist the life of the child.’’ (Montessori‚ M.‚ The Secret of Childhood‚ Part1‚ Chapter IV: Where adults impede the question of sleep‚ 1963‚ p.79). The
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