1.1 Nature of Business Activity A business is a decision-‐making organisation which uses a combination of inputs‚ processes and outputs. Inputs ideas‚ money‚ labour‚ employees‚ raw materials‚ equipment Processes action of turning inputs into outputs cooking‚ delivery‚ manufacturing Outputs final products goods or services Businesses exist to satisfy the needs and wants of people‚ organisations and governments.
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BUSINESS ENVIRONMENT. The business environment is the aggregate of all conditions‚ events‚ and influences that surround and affect a business firm. Business environment generally refers to the external factors affecting‚ either positively or negatively‚ the operation of a firm. The most important external factors include economic‚ legal‚ political‚ social and technological factors Business environment is classified as follows:- (a) Internal Environment: These are the environmental factors which
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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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Role and Functions of Law Paper Ethical and Legal Topics in Business – ETH/321 March 30‚ 2015 Role and Functions of Law Paper There are several roles‚ types‚ and functions of law in society today; whether it is an individual‚ worker‚ or business owner everyone is subject to and must abide by the federal and state courts and laws of this country. The judicial review is the doctrine under which legislative and executive actions are subject to review by the judiciary. This is an example of check
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Dell’s Business Environment Breena Stevens MANAGEMENT/521 October 01‚ 2012 Holly Hitzemann Businesses have to compete against other organizations and an effective way to analyze a business financial status is by completing a business analysis. Investors have to review reports to determine the company’s financial health. Business analysis consists of gathering financial data‚ trend analysis‚ business strategies‚ and market research. Essential to gather the financial data to compare when
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POLITICS ON BUSINESS ENVIRONMENT AND ITS RESULTS ON SOCIETY The political environment in a country affects business organizations and could introduce a risk factor that could cause them to suffer a loss. The political environment could change as a result of the actions and policies of governments at all levels‚ from the local level to the federal level. Businesses need to be prepared to deal with the fallouts of government politics. Impact on the Economy The political environment in a country
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Reflective Account on Unit 204 – Communicate in a business environment Communication is all about spreading understanding so that people can connect and work or live better together. The way we communicate with others can greatly alter the relationships we have and techniques can be used to either deliberately create harmonious working or to put a spanner in the works. By fostering a common understanding and awareness the message you try to portray becomes ever clearer and you are more likely to
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How does deforestation of the Amazon Rainforest affect the environment? The Amazon Rainforest‚ located in the northern part of South America‚ is the largest rainforest on Earth‚ containing more than 60% of Earth’s fresh water‚ over 20% of oxygen on Earth‚ and huge amounts of carbon dioxide (ACEER). However‚ the Amazon Rainforest has been deforested principally in order to provide land for the locals who were homeless due to poverty‚ overpopulation‚ and government policies. Also‚ economic reasons
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LECTURE 3 Business Environment LEARNING OUTCOME OF LECTURE 3 & 4: * Investigate the economic‚ social and global environment in which organisations operate CONTENTS (Lecture 3): Resource issues and types of economic system: basic economic problem‚ effective use of Resources; type of economic systems — command‚ free enterprise‚ mixed‚ including transitional economies‚ public and private sector initiatives; private finance initiatives. Business Environment : We can divide the types
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[pic] BАBS Legal environment of business Home Assignment Seminar leader: Margit Racz Student name: Nurlаn S. Kurmаlаyеv Contents 1. Introduction………………………………..……………..…….…………3 2. The constitutional order of Hungary……..……………..…………..…….3 1. Legislation…………………………..…………..………………… 3 2. Execution tasks……….......................................................................3 3. Judicial power…………………….……………..….……………...4 3. The constitutional order
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