Business environment encompasses all those factors that affect a company’s operations‚ and includes customers‚ competitors‚ stakeholders‚ suppliers‚ industry trends‚ regulations‚ other government activities‚ social and economic factors and technological developments. Social or Societary environment of business means all factors which affects business socially . Every business works in a society ‚ so societies ’ different factors like family ‚ educational institutions and religion affects business
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organizational performance. In a recent ITAP webinar‚ Dr. Geert Hofstede discussed “Integrating Corporate Practices and National Cultural Values.” The topic is highly relevant to organizations operating in a volatile global economic environment. While economic turmoil creates challenges and failures‚ it also creates opportunities as evidenced in a large number of mergers and takeovers: Doosan and Bobcat‚ Lloyds and HBOS‚ Barclays and Lehman Brothers‚ Citigroup and Wachovia. The list is long. Many of these
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George Coulston Unit 1 Business Environment D1 1.0 INTRODUCTION In this assignment I will rank the stakeholders of Tesco relating to importance to the organisation with 1 being the most important and 7 being the least important. I will then write a statement about the importance of each stake holder relating to Tesco. 2.0 IMPORTANCE OF STAKEHOLDERS STAKEHOLDER | IMPORTANCE 1=HIGHEST - 7= LOWEST | JUSTIFICATION | Customers | 1 | Customers are the most important stakeholder
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ACCOUNTING ENVIRONMENT Learning Outcomes At the end of this chapter the students should be able to: Explain the meaning and purpose of accounting Describe the role of accounting as a information system Describe why accounting is considered as the language of business Assess the impact of external environmental factors on accounting Introduction Accounting has evolved and emerged as most other fields of human activity in response to the social and economic needs of society
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Plastic and Environment A plastic material is any of a wide range of synthetic or semi-synthetic organic solids that are moldable. Plastics are typically organic polymers of high molecular mass‚ but they often contain other substances. They are usually synthetic‚ most commonly derived from petrochemicals‚ but many are partially natural. Composition Most plastics contain organic polymers. The vast majority of these polymers are based on chains of carbon atoms alone or with oxygen‚ sulfur‚ or nitrogen
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Business Environment Business environment consists of all the internal and external forces that influence the operating situation of a company. Business environment has a dynamic and complex nature and it impacts greatly the survival and growth of a company. External factor consists of political factors Political factors (Taxation Policy‚ Unemployment Policy etc.)‚ Economical factors (Inflation rate‚ Recession or Boom etc.)‚ Socio-cultural (language‚ values‚ religion‚ beliefs etc. )‚ Technological
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Topic: SAVE THE TREES: SAVE ENVIRONMENT Who in this world does not know the significance of trees. Trees are no less than GOD to us in any of the ways. A small seed becomes a big Tree‚ gives shed in summers‚ the leaves of the tree fall down to provide us more sunlight and the atmosphere becomes more warm in the winters. They provide shelter to the Birds‚ Animals and Human Beings too. Flowers on trees are a joy to be seen. Their fruits satisfy our hunger. Many trees have medicinal values also. Trees
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MARKET ENVIRONMENT ________________________________________ • Before we start with marketing environment it is important to know what a market is and how can marketing be defined as. MARKET • A market is any structure that allows buyers and sellers to exchange any type of goods‚ services and information. • The market facilitates trade and enables the distribution and allocation of resources in a society. • Markets allow any tradable item to be evaluated and priced. A market emerges more
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Micro Environment The actors close to the company that affect its ability to serve its customers – the company‚ suppliers‚ marketing intermediaries‚ customer markets‚ competitors‚ and publics. 1. The Company a. All groups/departments in a firm are interlinked. 2. Suppliers a. Suppliers form an important link in the company’s overall customer value delivery system. 3. Marketing intermediaries a. Helps the company to promote‚ sell and distribute the goods and services to final buyers. These
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Active Learning Environment Introduction “The environment we are in affects our moods‚ the ability to form relationships and the effectiveness in work or play‚ even our health.” (Bullard‚ 2006). In effectively educating children an educator must build a foundation that has a stimulating environment which includes the inside and outside areas‚ classroom design and décor size. The outdoor learning area must be one that is organised in a way that promotes exploration and investigation of the
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