Business Environment Business environment consists of all the internal and external forces that influence the operating situation of a company. Business environment has a dynamic and complex nature and it impacts greatly the survival and growth of a company. External factor consists of political factors Political factors (Taxation Policy‚ Unemployment Policy etc.)‚ Economical factors (Inflation rate‚ Recession or Boom etc.)‚ Socio-cultural (language‚ values‚ religion‚ beliefs etc. )‚ Technological
Premium Inflation Economics Planned economy
into two types: * An intermediate customer or trade customer (more informally: "the trade") who is a dealer that purchases goods for re-sale. * An ultimate customer who does not in turn re-sell the things bought but either passes them to the consumer or actually is the consumer. A customer may or may not also be a consumer‚ but the two notions are distinct‚ even though the terms are commonly confused. A customer purchases goods; a consumer uses them. An ultimate customer may be a consumer
Premium Demographics Customer Customer service
products or using of first-class technology is no longer a kind of success for a company or corporation in current business environment. Companies have realized that they must also seek sustaining competitive advantage from the effective management of human resources. That means Human resource managements (HRM) has increasingly been recognized as a critical segment of international business operations (Hertog‚ 2010). Moreover‚ the more rapid pace of internationalization and globalization leads to a more
Premium Human resource management Multinational corporation Corporation
Business Environment Introduction All businesses operate in a always changing‚ growing and in some ways unique environment. In order for a business to operate successfully in its environment‚ business need to adapt after the environment. It can mean that business have to respond to changing market conditions which affect the demend for the their products‚ how the competitors behave or the change in government policy. The business environment can be
Premium Market economy Corporation Supply and demand
main types of businesses in America. These five types of businesses are Sole Proprietorship‚ Limited Liability Company‚ Cooperative‚ Corporation‚ and Partnership. Each type of business effects the government and economy in several different ways; either working to better the economy and government or working against it. The way each business works is quite similar‚ they all work together to accomplish the same goal; to make a successful‚ plentiful business worth a lot of money. The first type of
Premium Corporate tax Corporation Taxation in the United States
Abdullah Co-ordinator and Faculty‚ School of Business Submission date: 20.09.2012 Contents Task 1(LO1.3.1) Explain how market structures determine the pricing and output decisions of Ollo:-…………………………………………………………………………………………………………3. Task 2: Illustrate the way in which market forces shape organizational responses using a range of examples:-…………………………………………………………………………………………………4 Task 3: Judge how the business and cultural environments shape the behavior of OLLO:-……6 (Task- 4.1)
Premium European Union Economics
Types of Technology in a Business Environment There are many types of technology used in the workplace. The way that businesses function both in and out of the office has changed drastically thanks to advances in computer‚ information and communication technology. Companies now use a variety of mobile devices‚ software and various applications that employees can use for marketing and networking‚ as well as research and development‚ for their goods and services. 1. Internet * The Internet
Premium Internet Mobile phone Computer software
BUSINESS ENVIRONMENT SYLLABUS CHAPTER I Business environment- Dynamic factors of environment- Importance of scanning the environment-Fundamental issues-Economics environment of business - Sock) - cultural environment- Political/ Legal environment -Cultural environment. CHAPTER II Political economy - Government and business -.Public control‚ of business -Trends and structure of Indian economy - Socio - economic problems of India CHAPTER III Government controls and regulations -‚ Regulating
Free Economics Macroeconomics Business
start a business venture‚ many of them start with a sole proprietorship. A sole proprietorship usually involves a single person who runs a business on his or her own. Sole proprietorships are small businesses that often take off to form larger business entities when the owner desires to do so or when the right opportunities are presented. Some of the disadvantages of having a sole proprietorship are the simplicity of operating the business‚ ability to have complete control over business affairs‚
Premium Corporation Business law Legal entities
the influence of stakeholder. 4 2. The extent to which selected organization achieves the objectives of three stakeholders 6 3. The responsibilities of the selected organization and strategies employed to meet objective of stakeholder. 10 4. How economic systems in Viet Nam attempt to allocate and make effective use of resources available within the country. 15 5. The impact of social welfare and industrial policy initiatives on Vietcombank and the wider community 15 6. The impact of
Premium Macroeconomics Monetary policy Economics