Micro environmental factors are internal factors close to a business that have a direct impact on its strategy. These factors include: Customers Organisations survive on the basis of meeting “customer needs and wants” and providing benefits for their customers. Failure to do so will result in a failed business strategy. Employees Employing the correct staff and keeping staff motivated is an essential part of an organisation’s strategic planning process. Training and development play
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Table of Content1.0 Industry Background12.0 Introduction13.0 Impact of Macro environments on Cell Phone Industry13.1 Demographic environment13.2 Economic Environment23.3 Natural Environment23.4 Technological environment34.0 Impact of Micro Environments on the Cell Phone Industry34.1 Suppliers34.2 Marketing intermediaries44.3 Customers44.31 Consumer markets44.4 Competitors55.0 Impact of the Changing Environments on Marketing Mix55.1 Product55.2 Price Variables65.3 Place Variables65.4 Promotion Variables66
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banking and related services.” Microfinance is not just about giving micro credit to the poor rather it is an economic development tool whose objective is to assist poor to work their way out of poverty. It covers a wide range of services like credit‚ savings‚ insurance‚ remittance and also non-financial services like training‚ counseling etc. FEATURES: * Borrowers are from the low income group * Loans are of small amount – micro loans * Short duration loans * Loans are offered without collaterals
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Sociological theories can be divided into two categories‚ macro-sociological and micro-sociological theories‚ otherwise known as structural and action theories‚ respectively. As sociological theories‚ they both aim to explain the society we live in‚ but differ in where they choose to focus their explanation‚ with macro-sociological theories observing society as shaping the individuals that live in it‚ and micro-sociological theories observing individuals as shaping the society they live in. Structural
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What is the difference between micro and macroeconomics? Give an example of a microeconomic phenomenon and an example of a macroeconomic one. Micro and macroeconomics describe the same concept of economics at different levels hence they are intertwined ideas. Microeconomics is concerned with individuals in the economy like households‚ workers and business (Taylor & Greenlaw‚ 2016). It concentrates on how business establishes prices‚ how it is affected by taxes and it explains the concept of demand
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References: [1] Ahmad F.U.A. & Ahmad R.A.B. Islamic Microfinance: the Evidence from Australia[J]. Journal of Humanics‚ 25(3): 217-235 [2] CBN (2005)‚ Central Bank of Nigeria Statistical Bulletin [3] CGAP‚ the Micro Banking Bulletin: Focus on Productivity‚ 2006 (6) [4] Cook‚ P. & Nixson‚ F. Finance and Small and Medium-Sized Enterprise Development‚ 2000 [5] Cressy‚ R. & Olofsson C. European SME Financing: An Overview[J]. Small Business Economics‚ 1997‚ (9): 87–96
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MICRO ENVIRONMENTALFORCES | EVENTS | IMPACTOPPORTUNITIES/THREATS | COMPETITORS | * YEOS * POKKA | -VE IMPACT * Holds high percentage of market share * Both YEOS and POKKA are the leading brand in the Asian Specialty drinks category. They both have their own loyal group of consumer. In addition to that‚ they also have similar range of product‚ pricing‚ placing of product as F&N Seasons .Thus‚ they are viewed as the strongest competitor to F&N Seasons * Products are similar
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Reflection of Micro lesson I presented my first micro-teaching lesson and lesson plan for 1.5 hours to my peer groups and delivered 20-25 minutes. My chosen topic was diabetes I chose this because I felt diabetes is common and most students will have some knowledge of diabetes. I felt nervous at the beginning of lesson‚ I was having difficulties with technical problems‚ I felt that this made me loose concentration‚ and this will be a learning curb for next time. As I carried on presenting my
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Goal: Total word count in this document: 743 Title: LEKI Micro Vario Carbon Trekking Poles Trekking poles and hiking staffs are normal equipment for many walkers‚ hikers‚ trekkers‚ backpackers and snowshoers. The reasons why are easy; they enhance your stability and provide support on all types of terrain. Trekking poles and hiking staffs will not decrease your overall energy expenditure since you’ll be using your arms more than you would when hiking without poles. They do‚ however‚ help distribute
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programs that provide credit for self-employment and other financial and business services like savings and technical assistance to low income people. The meaning of Micro finance includes small scale financial assistance to people who work in agriculture‚ animal husbandry‚ fishing‚ poultry farming‚ trading‚ herding and running small or micro enterprises etc. It also renders services like insurance‚ group empowerment programme‚ and technical assistance in various income generating activities etc. According
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