Unit 38: Unit code: QCF Level 3: Credit value: Business and the Economic Environment T/502/5500 BTEC National 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to introduce learners to the interaction between the general economic environment and business activity and how the interactions generate national wellbeing. Learners will study how government activities regulate and influence business activities and how business activities influence government action and policy
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Business vs. the Environment Business today has so many responsibilities. Aside from making a profit‚ they are forced to take on a different responsibility‚ one that involves the environment. Even though‚ they already have many regulations set by the government‚ they are still being asked to answer to the call of helping out the rest of society take of nature. This essay will discuss the pros and cons of corporate responsibility for the environment through the agent-of-society and agent-of-capital
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Business Environment - China vs India ‘For Australian businesses looking to expand their operations overseas‚ China is a more attractive location than India.’ To what extent do you agree with this statement? Justify your answer. ________________________________________ Introduction In the year 2007‚ China and India ranked first and second respectively in the list of ideal foreign direct investment (FDI) destinations‚ according to A T Kearney‚ a global strategic management consulting firm (The
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Organisations and Environment “Discuss how an organisation’s competitive advantage can be enhanced with the introduction of new technology” It is important to remember the difference between inventions and technology. Inventing something is the basis of the idea but the technology in it is ‘the application of knowledge to production’ (Wetherley‚ P 2008). This is because ‘Technology itself cannot do anything. It is how this technology is used that is important’ (Wetherley‚ P 2008) and how
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“Business environment encompasses all those factors that affect a company ’s operations; including customers‚ competitors‚ suppliers‚ distributors‚ industry trends‚ substitutes‚ regulations‚ government activities‚ the economy‚ demographics‚ social and cultural factors‚ innovations‚ and technological developments. It may also be referred to as Operating environment.” (Quantum3‚ 2012) “The definition of business environment means all of the internal and external factors that affect how the company
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Lamia Hossain Roll # 105 Group 7 Batch-20‚ Section B Institute of Business Administration‚ University of Dhaka Group Dynamics Our group for the Organizational Behavior assignment was selected by Homayara Miss‚ our course instructor for Organizational Behavior. Though this was a formal group‚ the fact that we had previously worked together and that the allotted time was limited meant that the group development processes took place quickly and the norms were already established to a great
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Hannah Behrens August 2nd‚ 2012 Honors Language Arts The 7 Habits of Highly Effective Teens Habit 1: Be Proactive In habit one‚ Sean Covey talks about how there are two types of people in this world; those who are proactive and those who a reactive. There are people who choose to take the harder route and take responsibility for their personal actions‚ and those who tend to take the easy route and blame others for their mistakes. “I am the force. I am the captain of my life. I can choose
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Business Examples of how changes in the environment affect organizations Environment | | P.E.S.T.E.L Analysis | | 12/9/2011 | | Contents Introduction 3 Indian summer boosts sales at B&Q owner Kingfisher 4 Nokia’s Windows tablet to take on Apple’s iPad 5 Topps Tiles sales continue downward trend 6 GlaxoSmithKline to settle drug disputes for $3bn 7 Conclusions 8 Reference 9 Bibliography 10 Appendices 11 Introduction In this assignment I will cover
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Business environment characteristics Contents: In this report I will cover the 4 areas‚ which are Businesses environments; markets‚ sector & Industry changes‚ Economic trends‚ and legal framework Business Environment: The business environment is the world in which businesses operate. The business environment is constantly changing and businesses need to adapt or change their activities accordingly. They need to change and keep up with their customers’ demands‚ in order for their business to not
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Group Dynamics The Nature of Groups Day one in Group Dynamics was quite interesting. The class as a whole was a diverse mix in culture and age. The activity for that session thankfully helped to break the ‘ice’ and become more comfortable with one another. It amazed me‚ although strangers‚ how much we actually had in common. My peers became a familiar face I could seek out in the passing of the hall. Thus‚ the transition from aggregates to Campbell’s entitative group had begun
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