rapidly changing environment that affect its ability to serve its customers. A business firm must continuously monitor and adapt to the environment if it is to survive and prosper. Disturbances in the environment may spell profound threats or new opportunities for the firm. The successful firm will identify‚ appraise‚ and respond to the various opportunities and threats in its environment. Business environment is the surrounding or atmosphere under which business is conducted. Business cannot work
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Introduction A business also called a company‚ enterprise or firm is a legally recognized organization‚ designed to provide goods and services to consumers. According to the purpose of the business‚ ownership of the business and nature of economic contribution of the business; the business can fall into one of the three standard sectors. There are; private sector‚ public sector and nonprofit sector. The part of the economy concerned with providing basic government services is called public
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THE IMPACT OF THE CHANGING POLITICAL AND LEGAL ENVIRONMENT‚ WITH THE ESTABLISHMENT OF THE EUROPEAN UNION ON TRADE BETWEEN EUROPE AND SOUTH AFRICA. by LOGISTICS MANAGEMENT ITEM CODE: ONB 10X8 LECTURER: ABSTRACT The establishment of the European Union influenced trade between the former common market (European Economic Community) and South Africa. This changing political and legal environment enhanced opportunities for trade and logistics activity in South Africa. There are also possible
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at the level of an organisation is referred to as organisational culture‚ and culture at the level of a society is referred to as national culture. Organisational culture refers to an organisation’s own values‚ beliefs and learned ways of doing business. This is reflected in its structure and in the people who work in the organisation. The culture of an organisation is derived from its aims and purpose‚ its past‚ its present and its current ways of managing its people and resources. Because every
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IDENTIFY AND EXPLAIN TEN (10) MACROECONOMIC VARIABLES AFFECTING A NAMED BUSINESS ENVIRONMENT. HOW CAN THESE BE REGULATED? INTRODUCTION In today’s world‚ no business operates in isolation without interacting with the environment where it operates. Irrespective of the nature of business whether public or private organization; manufacturing; service industry; local or international firm‚ its operations are inhibited by the environment in which it operates. During 2003-2007‚ Nigeria attempted to implement
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The external environment is the "external context within which an organisation exists and operates."1 One of the ways in which the external environment can be analysed is by assessing the impact of politics‚ the economy‚ social factors and technological factors (P.E.S.T. analysis). The organisations are affected either generally or immediately by the external environment. The immediate factors‚ also referred to as the operational environment‚ include aspects such as suppliers‚ financial institutions
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Legal Forms of Business Choosing a form of business for a product or type of service depends on the liability an individual is willing to assume‚ how much involvement an individual wants in the day-to-day work‚ and how much control an individual wants over the business. Prior to making a choice‚ an individual must understand each form of business as well as the risks and rewards for each. There are numerous forms of business‚ including sole Proprietorship‚ Partnership‚ Limited Liability Partnership
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Oladipo 2012 Leppävaara Laurea University of Applied Sciences Laurea Leppävaara Renewable Energy Market Analysis in Nigeria Daramola Oladipo Degree Programme in Business Information Technology Bachelor’s Thesis December‚ 2012 Laurea University of Applied Sciences Abstract Laurea Leppävaara Bachelor’s Degree Programme in Business Information Technology Daramola‚ Oladipo Renewable Energy Market Analysis in Nigeria Year 2012 Pages 110 This thesis project research was conducted as part of
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During Franco’s regime Spain became isolated from democracy‚ he had followed Primo de Rivera’s dictatorship which resulted in the Spanish Civil War. During the war the leaders of the Spanish military army immediately asked Germany for their help asking them for aeroplanes to fly in troops from Morocco to Spain. Originally Germany rejected the request as they thought it would result into a war within Europe‚ however Adolf Hitler did not agree with the current leaders views and after a discussion he
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ECONOMIC ENVIRONMENT OF BUSINESS Objectives After studying this unit‚ you should be able to : • Define what you mean by “environment” • Classify the complex environmental variable on the basis of objective criteria • Identify the critical elements of economic environment of business • Analyse the interactions between economic and non-economic environment • Explain the impact of economic environment on business management; and • Illustrate your understanding of economic environment with reference
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