388937544450Unit 1- The business environment Assignment 1: Business structure and its stakeholders P1‚ P2‚ M1‚ D1 24/10/2014 00Unit 1- The business environment Assignment 1: Business structure and its stakeholders P1‚ P2‚ M1‚ D1 24/10/2014 3213100276415500 Task 1: Compile two tables one for each type of business and discuss their purpose and ownership of each of two contrasting businesses. Type of Business Matalan started off as a local business in Preston‚ it then became national
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ECONOMIC ENVIRONMENT OF BUSINESS Objectives After studying this unit‚ you should be able to : • Define what you mean by “environment” • Classify the complex environmental variable on the basis of objective criteria • Identify the critical elements of economic environment of business • Analyse the interactions between economic and non-economic environment • Explain the impact of economic environment on business management; and • Illustrate your understanding of economic environment with reference
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EXAMINATIONS General Certificate of Education Advanced Level BUSINESS STUDIES 9707/03 Paper 3 Case Study May/June 2005 3 hours Additional Materials: Answer Booklet/Paper READ THESE INSTRUCTIONS FIRST If you have been given an Answer Booklet‚ follow the instructions on the front cover of the Booklet. Write your Centre number‚ candidate number and name on all the work you hand in. Write in dark blue or black pen on both sides of the paper. You may use a soft pencil for any diagrams‚ graphs or rough working
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development of the world‚ the environmental problems that include pollutions and wastes are increasing and more serious. A well-known example is that climate change which has a huge threaten to the world becomes one of the most important global issues of the 21st century. Another example is that the air pollution is more and more serious‚ which strongly affects people’ health. Besides of that the environmental problems are harm to the health of people; the problems will prevent the economy from developing
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Application and connections This reading links to business about stakeholders in lecture in week 4. Stakeholder management is the process by which managers reconcile their own objectives with the claims and expectations being made on them by various stakeholders‚and the goal is primary stakeholders achieve their objectives while other stakeholders are also satisfied.As Fonterra‚ hold San Lu 43% of stake and don’t have any power.It just shows you the problems of being a minority of a Chinese company. Fonterra
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takes into account not only for our own business but also our competitor’s events and current industry trends as well. It is a framework for any organization in strategic planning for the factors that affects business be it internal or external. This understanding of business factors will help managers effectively to any changes in the factors and facilitate decision making. Factors can be based on economy and non-economic. By economic factors we understand the fiscal and monetary factors‚ whereas
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Unit 38: Unit code: QCF Level 3: Credit value: Business and the Economic Environment T/502/5500 BTEC National 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to introduce learners to the interaction between the general economic environment and business activity and how the interactions generate national wellbeing. Learners will study how government activities regulate and influence business activities and how business activities influence government action and policy
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Opportunities and constraints in the business environment Opportunities in the business environment are those factors that provide possibilities for a business to expand so as to make more sales and profits. Constraints are those factors that limit the ability to grow‚ and reduce sales and profit potential. A useful way of assessing opportunities and constraints is to carry out what is known as a SWOT analysis. Strengths and weaknesses are internal to an organisation. Typically they relate to the
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SPECIAL PROBLEMS IN INTERNATIONAL BUSINESS What make international business strategy different from the domestic is the differences in the business environment. The important special problems in international business are as follows: 1. Political and legal differences: The political and legal environment of foreign markers is different from that of the domestic market. The complexity generally increases as the number of countries in which a company does business increases. It should also be noted
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or selling products online has diminished the entry barrier in which huge investment is required to set up networks of shop outlets. c. New entrants can easily enter the market as cost of facilities or equipment needed is low. Moreover‚ producers may have efficient and sufficient way of distribution of their products. (2) Bargaining Power of Buyers a. Target group of consumers are those working man and women whose careers are in the office and those with middle income and above. Most of the
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