L3 90 Credit Diploma in Business Unit 1 – The Business Environment Assignment Learning Outcomes – on completion of this unit you should; 1. Know the range of different businesses and their ownership 2. Understand how businesses are organised to achieve their purpose 3. Know the impact of the economic environment on businesses 4. Know how political‚ legal and social factors impact on business Task 1 – Submission Date 27/09/2012 You are working as a business journalist for the Express
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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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‘Business’ and Its ‘Environment’ Introduction Every business organization has to interact and transact with its „environment‟. The effectiveness of interaction of an enterprise with its environment primarily determines the success or failure of a business. The environment imposes several „constraints‟ on an enterprise and has a considerable impact and influence on the scope and direction of its activities. The enterprise‚ on the other hand‚ has very little control over its environment.
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Question 1: Briefly review the New Economic Policy of 1991. Highlight the landmark developments undertaken in the field of Public Sector Policy. Answer 1: New Economic Policy of 1991: Introduction: The New Economic Policy (NEP) consisted of wide ranging economic reforms. The thrust of the policies was towards creating a more competitive environment in the economy and removing the barriers to entry and growth of firms. This set of policies can broadly be classified into two groups: the stabilization
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Impact on business changes in the economic environment Introduction- In this report I will describe and then explain how the GDP‚ inflation‚ interest rates and employment rates are affected by the growth and recession stage of the business cycle. I will also explain how the balance of payments is and how Tesco’s contributes to trade surpluses/deficits. I will also be stating what the conflicting objectives are of Tesco’s and how they affect them as a business whilst describing‚ the ripple effects
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summons will also inform Company Y that failure to respond may result in a default judgement‚ which means Company X could possibly receive the damages alleged in their complaint. Company Y now has to provide an answer which either admits the allegations are true or denies them and outlines any defenses that the company might have. At this time Company Y will also have the opportunity to file a counterclaim in which they will now being suing Company X as well. Now assuming that Company X won the lawsuit
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communities in which a selected business operates. The most crucial or fundamental moral issues that organizations must face are honesty and trust. A fundamental comprehension of trustworthiness incorporates directing your business undertakings with genuineness and a guarantee to treating each client decently. At the point when clients see that an organization is showing a steady sense of duty regarding moral business hones‚ an abnormal state of trust can create between the business and the general
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BTEC L3 Diploma/Ext. Dipl.-Business Unit 1 BUSINESS ENVIRONMENT ASSIGNMENT 1 External Factors Effecting Business Strategy prepared by: Raed F. Banna DATE: 18/NOV/2018 Contents Page 1- Introduction to business environment...........................................................
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BTEC HND Business Assessment activity front sheet Assignment Title: Business Environment Unit: 1 Title: Business Environment Purpose: The aim of this unit is to provide learners with an understanding of different organisations‚ the influence of stakeholders and the relationship between businesses and the local‚ national and global environment. Learning Outcomes: LO1: understand the organisational purposes of businesses LO2: understand the nature of the national environment in which businesses operate
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19/08/2013 ECONOMIC ENVIRONMENT OF BUSINESS ASSIGNMENT WILL BIDDEFORD’S TRAM MAKE A RETURN? Question 1 The central focus of this case is how Biddiford Tram Company‚ under the management of Mary Jo and Marty‚ can increase revenue and become profitable given the business constraints it must operate under‚ namely; (a) Loss of $0.15 subsidy per passenger from the State of Maine (b) Not increase the price of tram fare above $2.00 for two years and subsequently not above the rate of inflation
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