BTEC L3 90 Credit Diploma in Business Unit 1 – The Business Environment Assignment Learning Outcomes – on completion of this unit you should; 1. Know the range of different businesses and their ownership 2. Understand how businesses are organised to achieve their purpose 3. Know the impact of the economic environment on businesses 4. Know how political‚ legal and social factors impact on business Task 1 – Submission Date 27/09/2012 You are working as a business journalist for
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External environment External Factors (environment) - It is the external forces that are beyond the control of the individual business A number of external factors can affect business (STEEPLE analysis) - economy - These are factors outside the business - political/government policy that may affect its - social decisions. - External factors that - technological may present opportunities - ecological or threats to - legal a business - ethics Economy – business need to observe the economic
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themselves with the issue of environmental sustainability. The relationship between the environment and society is unbalanced nearly to the point of no return because of such a large human population and an economy driven world that is globalizing. The sustainability of the environment is a major concern of the 21st century especially since technology has advanced so fast. Our previous scientific inventions have exploited the earth’s resources much faster than we can restore them‚ however we must continue
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Business Environment Lecture 1 Business & its Environment What is Business? Business is a way of dealing with the problem of scarcity Business involves the transformation of inputs into outputs to meet particular needs or wants of consumers Business is not just The Private Sector it is also The Public Sector and Societies have to choose the balance between the public and private sectors The Private Sector (Pg 7-11) Consists of all business in some form of private ownership COMPETITON
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machines which require less water and energy and water/resources than manually performing the tasks. However‚ with the increase in efficiency‚ demand and consumption has also gone up‚ cancelling out the positive impact of decreased need for resources gained from technology. In order to prevent the environment from continuing this downward spiral‚ we as humans must make behavioural changes as well as technological advances. The modern society is that of an anthropocentric one‚ so distinct from the previous
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Business Around Us Notes 3 BUSINESS ENVIRONMENT nderstanding the environment within which the business has to operate is very important for running a business unit successfully at any place. Because‚ the environmental factors influence almost every aspect of business‚ be it its nature‚ its location‚ the prices of products‚ the distribution system‚ or the personnel policies. Hence it is important to learn about the various components of the business environment‚ which consists of the economic aspect
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Popular social networking sites include Facebook‚ YouTube and Twitter‚ blogs can also be used as a social networking site. According to Megat Ishak‚ the Director of Licensing Department of SKMM‚ social networking can bring about both positive and negative impacts on both the individual and business corporations. Variety of true and false information as well as business opportunities to name a few. In this essay‚ I will be focusing on why people are inclined to use social networking sites for business
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acceptable or not in a social context‚ and is also shaped by the broader environment in which people interact with each other. In general terms‚ teachers accept that challenging behavior in the school context encompasses behavior that: interferes with the pupil’s own and/or other pupils’ learning; challenges the day to day functioning of the school; challenges the right of staff and pupils to a safe and orderly environment; has a duration‚ frequency‚ intensity or persistence that is beyond the normal
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Singapore business environment with PEST analysis Political – Singapore has friendly environment for business. The government makes several organizations to encourage business. The regulation structure of Singapore has Ministry of Trade and Industry (MIT). That makes Singapore become global city of enterprise and innovation. The aim of MIT is making economic growth with creating job opportunities. It can give broad directions for the economy. Their tasks are making economy growth‚ trade expanding
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1.0. INTRODUCTION Looking back‚ the next generation’s economists may be puzzled by the structure of the world economy in 1995. Today‚ developing countries (DCs) and the former Soviet bloc account for about one half of world output and the rich industrialized countries for the other. But this picture is likely to change rapidly over the next 25 years: At current growth rates‚ the rich world’s share of global output could shrink to less than two fifths by 2020. Although the absolute magnitudes are
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