Chapter 1 Business Environment Q 1. Ans. What is Business Environment? The term Business Environment is composed of two words ‗Business‘ and ‗Environment‘. In simple terms‚ the state in which a person remains busy is known as Business. The word Business in its economic sense means human activities like production‚ extraction or purchase or sales of goods that are performed for earning profits. Q 2. Ans. Define Business Environment. The elements or factors outside a business organization
Free Economics
FINDINGS: 2.1 Show the macro and micro environmental factors which influence marketing decisions. Marketing Environment The marketing environment consists of all the factors of a market which impact a marketing management’s decision when producing products as well as developing and maintaining profitable customer relationships with the target customers. The different levels of the environment are micro environment and macro environment. Micro Environment Micro Environment is the internal and
Premium Marketing
Macro Final Exam Chapter 10: The Money Systems What assets are considered “Money”? What are the functions of money and the types of money? * W/o money‚ trade would require barter > Exchanging one good/service for another * unlikely occurrence that two people e/ have a good that other wants * 3 functions * Medium of exchange: an item buyers give to sellers when they want to purchase g/s * Unit of account: the yardstick ppl use to post prices & record debts * Store
Premium Economics Money supply Inflation
to be there” in a whole new way anytime‚ anyplace. Our marketing plan contains 5 main parts: 1. Marketing environment analysis 2. Defining target market 3. Target marketing strategy adopting 4. Positioning 5. Developing marketing mix strategy. Marketing environment 1. Competitor analysis In Vietnam‚ the electronics industry is quite competitive‚ especially digital camera. Vietnamese are very favorable of foreign brand names so Vietnam is a large
Premium Camera Digital single-lens reflex camera Marketing
MICRO ENVIRONMENT includes the following factors. 1.SUPPLIERS : Suppliers are those people who are responsible for supplying necessary inputs to the organization and ensure the smooth flow of production. 2.COMPETITORS : Competitors can be called the close rivals and in order to survive the competition one has to keep a close look in the market and formulate its policies and strategies as such to face the competition. 3.MARKETING INTERMEDIARIES : Marketing intermediaries aid the company in promoting
Free Economics Macroeconomics
Business Environment Meaning: The success of every business depends on adapting itself to the environment Within which it functions. For example‚ when there is a change in the government polices‚ the business has to make the necessary changes to adapt itself to the new policies. Similarly‚ a change in the technology may render the existing products obsolete‚ as we have seen that the introduction of computer has replaced the typewriters; the colour television has made the black and white television
Premium Business Economics Environment
QUESTION 1: An important macro-environmental force on companies is the social/cultural environment‚ particularly in international markets. Imagine that you are to offer a seminar on the social/cultural environment of Vietnam to foreign businessmen and marketers. Discuss at least three elements of the cultural environment that foreign businessmen should be aware of when doing business in Vietnam. Use specific examples referring to real-life businesses‚ brands‚ marketing activities‚ etc. to support
Premium Marketing Coca-Cola
| HND 104 The Business Environment | HND Business Management Name: Lauren Turnbull Student No: 04008416 Tutor: Joanne Martin
Premium Strategic management Management
[pic] AEA Training Centre Perdreau Street‚ Port Louis Tel: 208-0294/0272 |Unit Title |Business Environment | |Unit Code |Y/601/0546 | |Assignment Number |1& 2
Premium Economics International trade
In this study‚ macro-invertebrates community was used to establish the pollution tolerance index of four wastewater stabilization ponds at University of Eldoret in Kenya. The stabilization ponds have not been expanded since the inception of the university despite the ever rising population of students and staff. As such this study was set to evaluate the efficiency of the wastewater stabilization ponds in wastewater restoration by the use of bioindicators. Since chemical analysis is expensive and
Premium Water Nutrition Drinking water