Company’s External Environment (External) Key economic and industry variables: Industry analysis (provide data to support): a. Industry size: b. Segmentation – geographic and product: Abercrombie and Fitch Co. started their business at West Cost of United State‚ because of the West Cost Mountains‚ camping gears and sporting goods were main products. However‚ under new management‚ A&F Co. opened a store on Beverly Hills‚ California. A&F Co. to aim rich‚ fitted‚ attractive‚ provocative
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Name: | Unit 1: Business Environment | Lecturer: | Date Issued: | Completion Date: | Fail Pass Merit Distinction P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | P10 | P11 | P12 | P13 | P14 | P15 | P16 | M1 | M2 | M3 | D1 | D2 | D3 | | Learning Outcomes:On successful completion of this unit a learner will:1. Understand the organizational purposes of businesses2. Understand the nature of the national environment in which businesses operate3
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Knowing common language is essential for communicating effectively with others. A group of people living in one place or community often speak in one language to ensure that these individuals are able to understand each other. Some countries have become distinct from other countries due to the unique language that is commonly used by its inhabitants. Some nations’ states have declared a national language in their constitution and there are others that did not‚ especially those countries that have
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PRESERVE ENVIRONMENT The environment means the natural surroundings that we live in. This includes the trees‚ the plants‚ animals‚ mountains‚ rivers‚ oceans‚ sky‚ etc. The nature around us is the very essence of our survival and sustenance. Therefore it is the responsibility of every citizen of the world to preserve the environment and keep it safe as there are efforts to destruct it from many sources. Our earth abounds in natural resources and therefore we have no right to destroy them. Man
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to study the environmental impacts of a rich versus a poor country. What factors would you examine‚ and how would you compare them? There are many factors that have an effect on whether a country is rich or poor. The environment has a very significant impact on a countries wealth. People care for the environmental not only for their fear of upsetting Mother Nature but also because it has an important role in our economy. Three factors of the environment that have an effect on our economy are
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China and Japan Humans and the Environment Japan is an isolated nation covered with mountains‚ which means little land for agriculture. They went to the sea‚ and found fish‚ which was graciously delicious. They also farmed rice where there was land for farming‚ as well as other vegetables such as water bamboo‚ and lotus root. During the middle ages‚ the largest numbers of people in Japan were farmers and fishermen. Their way of life was often hard. Farmers’ crops perished in storms‚ drought
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MICRO ENVIRONMENT/ INDUSTRY ANALYSIS The environment which is close to business and affects its capacity to work is called micro or operational environment. Industry is a group of companies which offer same or similar product or services. These products and services are close substitutes of each other. It consists of: 1 Suppliers Supplier are the people who supply raw materials and required components to the companies. Increasing prices and reducing the quality of their products are potential
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Chapter 2 The external environment: Opportunities‚ threats‚ industry competition and competitor analysis Knowledge objectives 1 Explain the importance of analysing and understanding the firm’s external environment 2 Define and describe the general environment and the industry environment 3 Discuss the four activities of the external environmental analysis process 4 Name and describe the general environment’s six segments Knowledge objectives 5 Identify the five competitive forces
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‘Business’ and Its ‘Environment’ Introduction Every business organization has to interact and transact with its „environment‟. The effectiveness of interaction of an enterprise with its environment primarily determines the success or failure of a business. The environment imposes several „constraints‟ on an enterprise and has a considerable impact and influence on the scope and direction of its activities. The enterprise‚ on the other hand‚ has very little control over its environment. The business
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Portugal has a land area of 92‚ 389 km2 (35‚ 672 mi2). Lisbon is the capital and it is also the largest city (1991 pop.‚ 681‚063). The population in (1996 est.): 9‚865‚114 its official language is Portuguese and its major religion is Roman Catholicism. A country like Portugal will succeed and become rich for some reasons. The history is one of the factors‚ The economic history of Portugal covers the development of the economy throughout the course of Portuguese history. It has its roots
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