CHAPTER 1 Business Environment Contents • Introduction • Business • Objectives of business • Environmental influences on business • Environmental analysis • Characteristics of business environment • Components of business environment • The micro and macro environment • Competitive environment • Porter’s five forces model–competitive analysis Learning Objectives The present chapter aims at: • Definitions and objective of business • Examine environment analysis‚ characteristics
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Lesson 1 BUSINESS AND ITS ENVIRONMENT NATURE OF BUSINESS Business may be understood as the organized efforts of enterprise to supply consumers with goods and services for a profit. Businesses vary in size‚ as measured by the number of employees or by sales volume. But‚ all businesses share the same purpose: to earn profits. The purpose of business goes beyond earning profit. There are: • It is an important institution in society. • Be it for the supply of goods and services • Creation of
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THIS IS A NEW SPECIFICATION ADVANCED SUBSIDIARY GCE F761/I GEOGRAPHY Managing Physical Environments INSERT * O C E / 1 1 2 2 0 * Friday 21 May 2010 Morning Duration: 1 hour 30 minutes INFORMATION FOR CANDIDATES • This document consists of 8 pages. Any blank pages are indicated. INSTRUCTION TO EXAMS OFFICER/INVIGILATOR • Do not send this Insert for marking; it should be retained in the centre or destroyed. © OCR 2010 [F/500/8456] DC (SJF5343/SW) 11220/5 OCR
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overflow of patients and not enough beds available in the respective departments. Before working in this hospital‚ I have a 3-years working experience in Haemodialysis Unit as an assistant nurse (Appendix 2). The working environment of working is totally different; first being a staff nurse comparing to an assistant nurse and second‚ the medical ward to a dialysis unit. Recently one of my senior staff resigns‚ her place had been take by SRN Lim (not her real name) (Appendix
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Economic Environment Meaning of Economic Environment:- Those Economic factors which have their affect on the working of the business is known as economic environment. It includes system‚ policies and nature of an economy‚ trade cycles‚ economic resources‚ level of income‚ distribution of income and wealth etc. Economic environment is very dynamic and complex in nature. It does not remain the same. It keeps on changing from time to time with the changes in an economy like change in Govt. policies
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resources‚ they have to decide how to maximize the net present value of their known stock of oil in the ground.[1] Several key implications can be observed as a result of oil nationalization. On the home front‚ national oil companies are often torn between national expectations that they should carry the flag and their own ambitions for commercial success‚ which might mean a degree of emancipation from the confines of a national agenda.[2] According to consulting firm PFC Energy‚ only 7% of the world’s
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Plot[edit] In His Steps takes place in the railroad town of Raymond‚ probably located in the eastern U.S.A. (Chicago‚ IL and the coast of Maine are mentioned as being accessible by train). The main character is the Rev. Henry Maxwell‚ pastor of the First Church of Raymond‚ who challenges his congregation to not do anything for a whole year without first asking: “What Would Jesus Do?” Other characters include Ed Norman‚ senior editor of the Raymond Daily Newspaper‚ Rachel Winslow‚ a talented singer
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Why was there tension between Stalin and his people between 1928-1941? After Lenin’s death in 1924‚ the two leading candidates for his successor were Stalin and Trotsky-both with opposing ideologies in the manner in which the country should be run. Despite being a brilliant speaker and writer‚ Trotsky’s policy on a ‘permanent revolution’ worried people in the fear that the USSR would get involved with more conflicts while Stalin’s proposition of ‘Socialism in One Country’ was far more comforting
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exellency“His Excellency” Book outline Paper In His Excellency‚ George Washington‚ Joseph J. Ellis talks about George Washington’s life. He talks about the events that took place in-between his childhood and the revolt against Great Britain. Joseph especially talks about the major military advantages and disadvantages facing British’s army (90)‚ some of his strategies on how to take down the British (102)‚ and finally how luck was always by his side. Some disadvantages that the colonist had while
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The Marketing Environment Environmental Variables There are two categories of variables in the marketing environment that shall shape all aspects of a company’s strategic plans: 1. Macro environmental category includes: demographic; economic; social-cultural; competitive; political-legal; and technology variables. 2. Microenvironmental category includes: the company itself; customer served by the company; suppliers; distributors; market intermediaries that assist in making and marketing
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