Business Environment Meaning: The success of every business depends on adapting itself to the environment Within which it functions. For example‚ when there is a change in the government polices‚ the business has to make the necessary changes to adapt itself to the new policies. Similarly‚ a change in the technology may render the existing products obsolete‚ as we have seen that the introduction of computer has replaced the typewriters; the colour television has made the black and white television
Premium Business Economics Environment
Division of Business | Course: HNC/HND BUSINESS MANAGEMENT LEVEL 4 | Year: 2013 | Student Name: | Unit 1: Business Environment | Lecturer: | Date Issued: | Completion Date: | Fail Pass Merit Distinction P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | P10 | P11 | P12 | P13 | P14 | P15 | P16 | M1 | M2 | M3 | D1 | D2 | D3 | | Learning Outcomes:On successful completion of this unit a learner will:1. Understand the organizational purposes
Premium European Union Business World Trade Organization
8% in 2012 8. 2. Table II- Economic Growth in China 1990-2010 3. Table III - Historic inflation China (CPI)-full term 9. 4. Table IV - Cultural analysis- China 10. 5. Table V - 2012 SuperGroup Plc Financial Highlights 11. 6. Table VI – Supply and Demand curve 12. 13. 14. Summary 15. 16. 17. In this Business Environment report‚ my objective for SuperGroup plc is expanding the market to China by using the political‚ economic‚ social and technological (PEST analysis) to identify
Premium Economy of the People's Republic of China People's Republic of China Han Chinese
University of Phoenix Material- “Lemel Johnson” July25‚ 2011 Economic‚ Social‚ and Political Change Worksheet Agricultural Revolution Respond to each of the following questions in two to three sentences: 1. What are the three most important factors contributing to the agricultural revolution in Europe? The potato’s vitamins‚ minerals‚ and high carbohydrate content provided a rich source of energy to Europe’s rural poor. It was simple to plant‚ required little or no cultivation‚ and
Premium Communism Industrial Revolution Liberalism
meaning a percentage change in price will lead to a similar percentage change in the quantity supplied. Eg. [(15-10)/(15+10)] / [(15-10)/(15+10)] = 1 For the supply curve with a slope of 4‚ the same is true if the curve goes through the origin. Eg. [(2-1)/(2+1)] / [(8-4)/(8+4)] = [1/3] / [1/3] = 1 Or [(5-3)/(5+3)] / [(20-12)/(20+12)] = [1/4] / [1/4] = 1 Any linear supply curve that passes through the origin will have unitary elasticity (Es = 1)‚ where a percentage change in the price will lead
Premium Supply and demand
Emergence of Economic‚ Social and Political Ideas Introduction The new ideas that shaped our modern world are the influence of democracy‚ republicanism‚ nationalism and liberalism. Democracy is a form of government in which the citizen elects a representative to create laws on their behalf. Republicanism is a form of government in which the head of the state is the citizen of that nation rather than a monarch. A monarch is someone like a king‚ queen or an emperor. Nationalism is the belief that
Premium French Revolution Democracy Liberalism
trade to UK business organizations International trade is the exchange of capital‚ goods and services across international borders or territories (Wikipedia.org). It is vital to the economy of a country since it may benefit a significant share of gross domestic product (GDP). Without international trade‚ the UK organizations would be limited to sell its goods and services only within their own border. Therefore‚ International trade is vital to the UK economy as it can sustain UK economics’ strengths
Premium European Union International trade United Kingdom
The PESTLE Factors We start with the Political forces. First of all‚ political factors refer to the stability of the political environment and the attitudes of political parties or movements. This may manifest in government influence on tax policies‚ or government involvement in trading agreements. Political factors are inevitably entwined with Legal factors such as national employment laws‚ international trade regulations and restrictions‚ monopolies and mergers’ rules‚ and consumer protection
Premium Inflation Ethics Economics
PEST Analysis…………………………………………………………………………………………………………………….5 2.1 Political Factors………………………………………………………………………………………………………………………………6-8 2.1.1 Taxation Policy 2.1.2 General Incentives 2.2 Economic Factors…………………………………………………………………………………………………………7-8 2.2.1 Unemployment rate 2.2.2 GDP (Gross Domestic Products) 2.3 Social Factors………………………………………………………………………………………………………………9-10 2.3.1 Age structure. 2.3.2 Lifestyle changes 2.4 Technological Factors……………………………………………………………………………………………………11 2.4.1 Bio-technology
Free Gross domestic product Economics India
Economic Terms Definition Recession A significant decline in activity across the economy‚ lasting longer than a few months Trough The stage of the economy’s business cycle that marks the end of a period of declining business activity and the transition to expansion. Boom A period of time during which sales of a product or business activity increases very rapidly. Recovery A period of increasing business activity signalling the end of a recession. GDP The monetary value of all the finished
Premium Economics Recession Macroeconomics