| | | |BTEC Higher National Diploma in Business | |Unit Title: Business Environment | Rules and regulations: |Plagiarism is presenting somebody else’s work as
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(making currency cheaper) * Interest rate * Foreign Direct Investment * Tariff * Quota * What are effects of higher exports? (exam tips) * Globalization (descriptive) * Advantages and disadvantages * World Bank * Functions of the IMP * WTO * Aggregate supply and aggregate demand (diagram) * Foreign exchange rate (descriptive and diagram) * Factors contributing to demand – increase (foreign exchange rate – increase) * Inflation rate – decrease
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Communication in Business Environment Introduction We all know the importance of communication in our daily lives. Nothing can take place without some method of communication being used to express ourselves for whatever purpose. Communication is even more valuable in a business environment as there are several parties involved. Various stakeholders‚ whether they are customers‚ employees or the media‚ are always sending important information to each other at all times. We are therefore constantly
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Unit 222 – Communication in a business environment 1.1 explain why different communication methods are used in a business environment It is important to understand the communication needs of colleagues such as knowing what type of business the organisation is in and maybe specific details about the services or products that they provide. They will also need the skills necessary to do a job well. The purpose of communicating in a business is to send a message to an individual/group of people so that
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The Business Environment Name: College: Date: The Business Environment The role of business in the economy A business is an economic system which provides goods and services with the aim of generating revenue. The notion of a possibility of being able to earn a profit itself offers incentive for starting ones own businesses. For growth and development to be achieved in any given economy‚ the government must strive to ensure that the environment is conducive which induces investments and while
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Although serfs and freemen were both peasants‚ they did have some major differences and their taxation was different. The serfs and freemen had many differences. Freemen were still peasants‚ but they were also unwealthy‚ like the serfs‚ but could own land which was farmed on in return for labor and other fees (Admin). Although they were bound to the land that the nobles owned‚ they weren’t owned by anyone (Admin). The serfs were taxed much more than the freemen. A freeman had to pay taxes as well
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B. External Environment External environment includes all those factors which influence business and exist outside the business. Business has no control over these factors. The information about these factors is important for the study of the external environment. Some of these factors are those with which a particular company has very close relationship. However‚ there are some other factors which influence the entire business community. Micro environment means that environment which includes
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women‚ their female gods reflect this. For instance‚ Hestia is the goddess of hearth and home. However‚ the myths‚ and how the goddesses are portrayed‚ tell more about the men who held power. Men craved power and were afraid of anything that could take what power they had away from them. They believed women held a significant strength now known as child birth: “As a result‚ many of the mythical stories about women manifest signs of a deep male anxiety about feminine power” (Women and Myth 1). However
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cultural differences would affect doing business internationally‚ as well as what specific skills global managers would need to address with these differences‚ and finally if I think expatriate or foreign-national managers would be better equipped to deal with these challenges. This report will provide the reader with some facts on cultural differences and the affect on business internationally. It will also give some skills global managers can utilize to address those cultural differences. By discussing
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Canada is not only one of the biggest economies in the world but also one of the richest nations. Like the other developed nations‚ the Canadian economy is dominated by the service industry‚ which employs about three fourth of the Canadian working population‚ but‚ unlike the other developed countries‚ Canada gives a lot of importance to its primary sector. Canada also has the eighth largest commercial fishing and seafood industry in the world. Though the Canadian economy is closely integrated with
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