Assignment on Business Environment Submitted to: Submitted by: Date of Submission: Contents Introduction 2 LO1 Understand the organizational purposes of business 2 1.1 Identify Purpose of different types of organizations 2 1.2 Describe the extent to which an organization meets the objectives of different stakeholders 3 1.3 Responsibilities of Armani and the strategies employed to meet them 4 LO 02: Understand the nature of the national environment in which businesses operate 5
Premium Capitalism Strategic management Monetary policy
ASSIGNMENT No. 1 ECONOMIC ANALYSIS -522- SPRING 2010 Q. 1 DISCUSS IN DETAIL THE TERM ECONOMIC RESOURCES WITH REFERENCE TO SERVICE INDUSTRY. EXPLAIN THE LINK BETWEEN SCARCITY‚ CHOICE AND OPPORTUNITY COST. Ans: ECONOMIC RESOURCES are the assets (things of value) which an economy (or business) may have available to supply and produce goods and services to meet the ever-changing needs and wants of individuals (in the case of a business) and society (in the case of society as a whole.) REA (Resources
Premium Economics Market economy Planned economy
Critics of the welfare state argue that such a system will make citizens dependent on the system and less inclined to work. However‚ certain studies indicate there is no association between economic performance and welfare expenditure in developed countries‚[25] and that there is no evidence for the contention that welfare states impede progressive social development. R. E. Goodin et al.‚ in The Real Worlds of Welfare Capitalism‚[26] compares the United States‚ which spends relatively little on social
Premium Capitalism Unemployment Socialism
Question 1.1 The six components or variables of the macro environment: Technological environment‚ which continuously brings change and innovation to the business world. Factors that may affect Johnson Matthey are because he operates in an industry that is driven by advancements in technology in order for him to remain competitive his company would need highly skilled workforce and new and more efficient ways of meeting challenges faced by this industry. To be at the forefront of technological
Premium South Africa Africa Economic system
THE ADVANTAGES OF FREE MARKET ( DISADVANTAGES OF COMMAND ECONOMY ) 1.Efficiency. free market economies are very competitive. Most of their industries are assumed to be perfectly competitive and so allocative and productive efficiency will occur.As their main aim is profit motive so free market economies allocate their resources more efficiently as compared to planned economy. Decisions about what to produce are made by the people who will actually consume the goods. Planners are less likely to
Premium Market economy Mixed economy Capitalism
Free market economy stimulates greater economy growth‚ whereas state-directed or command economy stifles growth. Discuss. An economy can be defined as the production of the nation in a period and consumption of goods and services. The two main systems of economy are free market economies and command economy. There are lots of arguments about which is better for the growth of nation’s economy. This essay is about both the two economic systems and how they impact the growth of economies‚ it will
Premium Planned economy Mixed economy Market economy
Ruling a country effectively is executed through a variety of methods. Lao-Tzu‚ a follower of Taoism‚ expresses his belief on the most efficient way to govern. "The more prohibitions you have‚ the less virtuous people will be. The more weapons you have‚ the less secure people will be. The more subsidies you have‚ the less self-reliant people will be" (25). This quote from Lao-Tzu can be interpreted many different ways. The author discusses what he feels the role of a leader should be‚ the restrictions
Premium United States Government Iraq War
BERLIN – “There can be no tyrants where there are no slaves.” Quoting national hero Dr. Jose Rizal‚ President Aquino called on Filipinos to celebrate freedom from dictatorship as the government strives to make every citizen truly free – first and foremost from hunger and poverty. Aquino discusses the importance of a country’s freedom and how the Philippines achieved its freedom through peaceful means. One of the privileges of this acquired freedom is that we are able to have an economic system which
Premium Economic system Market economy Free price system
BUSINESS ENVIORNMENT CASE STUDY OF CAMELOT SUBMITTED BY: _____________________________ ROLL NO: _____________________________ Table of Contents TOC \o "1-3" \h \z \u A.INTRODUCTION PAGEREF _Toc362594886 \h 3B.CONTENT PAGEREF _Toc362594887 \h 4I.UNDERSTAND THE ORGANISATIONAL PURPOSE OF BUSINESSES PAGEREF _Toc362594888 \h 41.1 Identify the purpose of Camelot as an organisation PAGEREF _Toc362594889 \h 41.2 Describe the extent to which Camelot meets the objectives of different stakeholders
Premium Supply and demand Economics Market economy
Directive Principles of State Policy and Fundamental Duties MODULE - 2 Aspects of the Constitution of India 7 DIRECTIVE PRINCIPLES OF STATE POLICY AND FUNDAMENTAL DUTIES Notes The Constitution of India aims to establish not only political democracy but also socioeconomic justice to the people to establish a welfare state. With this purpose in mind‚ our Constitution lays down desirable principle and guidelines in Part IV. These provisions are known as the Directive Principle of
Premium Human rights Democracy Mixed economy