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References: • McConnell‚ C. R.‚ Brue‚ S. L. 2007. Economics: Principles‚ Problems‚ and Policies. 17th edition. McGraw Hill. • Mankiw‚ N. G. 2007. Principles of Economics. 4th edition. Thomson South-Western. • Tesco‚ (WWW) Available from: http://www.tesco.com.my [Accessed: 10th April 2011] • Giant‚ (WWW) Available from: http://www.giant.com.my/ [Accessed: 10th
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INTRODUCTION TO BUSINESS ENVIRONMENT Chapter Outline : • Introduction • Meaning of Business • Business Objectives • What is Business Environment ? • Nature of Business Environment • Components of Business Environment • Determinant of Business Environment • Review Questions • References Introduction : Business environment is becoming highly complex‚ unstable and unpredictable in the globalised economy of today. The environment is the result of changing
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Chapter 2 The external environment: Opportunities‚ threats‚ industry competition and competitor analysis Knowledge objectives 1 Explain the importance of analysing and understanding the firm’s external environment 2 Define and describe the general environment and the industry environment 3 Discuss the four activities of the external environmental analysis process 4 Name and describe the general environment’s six segments Knowledge objectives 5 Identify the five competitive forces
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the opportunity cost‚ unemployment‚ discouragement of investment and savings‚ and shortage of goods. Positive effects include the reserve bank adjust their real interest rates and encourage investment in non-monetary capital projects. However the economics in today’s time believe that an economy is said to be in a favorable and a stable condition only if the inflation rate is steady or favorably low(as compared to zero or negative). Most of the most developed countries have managed sustain an inflation
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Famous people of the UK Orlando Bloom Orlando Jonathan Blanchard Bloom (born January 13‚ 1977) is an English actor. He had his break-through role in the early 2000s as the elf-prince Legolas in The Lord of the Rings and blacksmith Will Turner in the Pirates of the Caribbean trilogy of films‚ and subsequently established himself as a lead in Hollywood films‚ including Troy‚ Elizabethtown‚ and Kingdom of Heaven. Bloom’s most recent releases are the sequel Pirates of the Caribbean: Dead Man’s
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ENVIRONMENT I. Introduction Pakistan and other developing countries around the world are increasingly becoming conscious of the fact that‚ the pursuit of growth and development places a heavy burden on sustainability for now and for the foreseeable future. Development‚ sans environmental aspects is counter productive in sustaining the pace of progress. The Government of Pakistan believes in the creation of opportunities for the present generation without compromising on the potential of
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Should the UK leave the EU? The European Union made up of united countries whose governments work together. Each country has to pay money to be a member‚ and mostly do this by taxes to ensure they receive certain benefits. The money contributed by each country is used to change the way in which people live and do business in Europe. The intention of the EU is to unify people in Europe‚ however it is often debated whether or not being a member of the EU is beneficial for the UK. Many people believe
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Economics The economics course provides students with a basic foundation in the field of economics. The course has five sections: fundamental concepts‚ microeconomics‚ macroeconomics‚ international economics‚ and personal finance. In each area‚ students are introduced to major concepts and themes concerning that aspect of economics. Fundamental Economic Concepts SSEF1 The student will explain why limited productive resources and unlimited wants result in scarcity‚ opportunity
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Department of Environment and Natural Resources (DENR)‚ ‘the Philippines is one of the few countries in the world that is both a mega-diversity country and a biodiversity hotspot. It has fragile tropical ecosystems and is an outstanding biodiversity hotspot. The DENR has described the Philippines as the ‘hottest of hotspots’ in the world in terms of threats to its ‘mega diverse’ biodiversity. It highlighted the ‘urgent need to properly manage natural resources and protect the environment’. In a once
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