1.16 ECONOMIC ENVIRONMENT The economic environment constitutes to economic conditions‚ economic polices‚ and the economic system that is important to external factors of business. The economic conditions of the country include: • Nature of the economy of the country. • The general economic situation in the region‚ conditions in resource markets like money‚ material‚ market raw material components‚ services‚ supply markets and so on which influence the supply of inputs to the organisation‚
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Firstly‚ we would like to mention that Environment Day is celebrated on 5th June worldwide. In order to explain the importance of World Environment Day‚ we would like to discuss the history of this special day. In 1972‚ United Nations introduced this day in order to mark the opening of Stockholm Conference on Human Environment. Environment Day is celebrated in different countries. Moreover‚ this special day is introduced by United Nations in order to encourage awareness of the environment. We would
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Question 1 The external environment of a firm plays a very important role in the operations of the organization. Why is it important for organization in the Pacific to learn and know about what is happening in their external environment? Use examples to explain a least 5 elements in the external environment. The business dictionary defines external environment as conditions‚ entities‚ events‚ and factors surrounding an organization that influence its activities and choices‚ and determine
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Advantages and Disadvantages of Tourism Tourism is the act of travel for the purpose of not only recreation‚ but also the provision of services for this act. It might occupy local services such as entertainment‚ accommodation and catering for tourists. It may seem‚ that tourism brings only benefits‚ but further consideration shows that it also has disadvantages. Firstly‚ many countries depend heavily upon travel expenditures by foreigners as a source of taxation and as a source of income for
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London School of Business & Management BTEC Levels 4 & 5 HND Business Centre No 79829 Unit No & Unit Title Unit 1: Business Environment Course Title HND Business (BTEC Level 4 and Level 5) Lecturer’s Name Dr Knowledge Mpofu Assignment Title & Type Date Set Business Environment – Individual Assignment 24th September 2014 Due Date 9th January 2015 Academic Year / Semester September 2014 Semester Unit Outcomes Covered: LO1. Understand the organisational
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ASSIGNMENT 2- MARKETING ENVIRONMENT DESCRIBE TWO (2) ELEMENTS OF A COMPANY’S MARKETING ENVIRONMENT AND WHY MARKETERS PLAY A CRITICAL ROLE IN TRACKING ENVIRONMENTAL TRENDS AND SPOTTING OPPORTUNITIES. PLEASE GIVE YOUR ANSWERS BY USING YOUR OWN WORDS. There are two(2) main elements in marketing environment which is microenvironment and macroenvironment. Microenvironment is the actor close to the company that affect its ability to serve its customers the company‚ suppliers‚ marketing intermediaries
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A.C. 2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities. In doing so you may consider the impact of the fiscal policy (e.g. UK budget) and monetary policy (e.g. setting interest rate‚ currency rate). Both fiscal and monetary policies influence a business organisation in many ways. When an organisation is influenced automatically stakeholders will be affected as well. The Fiscal Policy: The measures that are taken by the government to stabilize the
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Pollution is the introduction of harmful substances or products into the environment. It is a major problem in America and as well as the world. Pollution not only damages the environment‚ but damages us also. It has cause many problems ranging from lung cancer to the greenhouse effect. It is among us all‚ but we continue to live our lives in our own filth. What is the reason behind this flawed logic? In this paper I will examine the problems and solutions for this issue. Automobiles are undeniable
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MCGOWAN ENG 115-021 The Causes of Pollution and The Effects on the Economy and People of Lake Huron Amy McGowan Strayer University English 115-021 English Composition
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Asthma and air pollution What is Asthma? Asthma is a chronic disease that affects the air passages of the lungs. It´s characterized by recurrent attacks of wheezing and loss of breath. These episodes or attacks can happen many times a day‚ a week or when exposed to certain substances or in specific physical activity. The World Health Organization estimates that around the world about 300 million people suffer asthma‚ the majority children. In fact it is consider the most common chronic disease
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