|Edexcel BTEC HNC/HND Business Management | |Unit Title: |Unit 1 |Date Issued | |Business Environment | |Week beginning 11/02/13 | |Student Name |Student ID |Due Date – 03/06/13 | |Lecturers Name: Ibrahim
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Macro environment‚ one of the three key elements of the marketing environment explains the influences of broader societal forces. These major external forces are not controllable‚ but being aware of the environmental factors and its changes will be of great advantage for growing the business (Angela‚ 2012). In the travel business‚ the operation does not depend only on the internal functioning but is also affected by external factors. Wotif is also affected by these internal and external factors.
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Introduction: After now being part of a learning placement in a field where reflection back on your actions is important to see how you are working in the environment. One of the best ways to see how your progression is happening is to look at all of your actions objectively‚ taking in both the positive attributes of your work and the negatives. So that you can develop and work on your skills. An assessment of your work is the best way to find out what your doing well and what you may need to rethink
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Fashion and The Environment The world that I envision is one in which people make conscious decisions—weighing the effects and consequences that their actions will have in the real world. In this more perfect world there would be less waste. While people would still buy and consume‚ it would be done more responsibly with an emphasis on sustainable‚ locally manufactured and distributed goods. Fashion design in this world would not suffer from these reforms‚ but would evolve and thrive using environmentally
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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 Marketing Environment The environment forces that affect the company’s ability to serve its customers 1. External Environment 2. Internal Environment External Environment Macro Environment: consist of larger societal forces that affect the entire microenvironment. The six forces making up the company’s microenvironment Demographic Economic Natural Technological Political Cultural Forces Demographic is the study of the characteristics of human populations.
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Topic One: The Marketing Environment 1. What is meant by the term marketing environment? The marketing environment consists of the actors and forces that affect a company’s capability to operate effectively in providing products and services to its customers. It is useful to classify these forces into the micro-environment (customers‚ competitors‚ distributors and suppliers) and the macro-environment (political and legal‚ economic‚ social/cultural‚ technological‚ environmental‚ legal forces). These
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proactive to the constantly changing dynamics of the business environment within which any organization operates. It is widely recognized at the start of the twenty-first century that the pace of change is accelerating around the world as the globalization of economies forces businesses to respond. Figure 2.1‚ representing the systematic marketing process has‚ at the start of the process‚ an appreciation of the external business environment on which all strategy and subsequent marketing decisions
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Technological Environment means forces that create new technologies‚ creating new product and market opportunities (81) Technological environment: trends and developments in the technological field that might: (a) improve production; (b) create new product opportunities;(c) render existing products obsolete; (d) change the ways in which goods and services are marketed; or (e) change the profile of customers’ needs and wants. A technology offered by telephone carriers that allows for the rapid transfer
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Dangers within the Environment are affecting our health to means that we wouldn’t believe. We destroy our planets ozone that affects and causes global warming. The pesticides‚ mercury and carbon dioxide that we release into the environment cause so many health problems to use and our children. It actually affects our children’s health more than it does to use. How can we do this to our environment knowing that it affects our health more and more. Dangers with in our Environment The dangers within
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