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4 Cards in this Set
- Front
- Back
List the types of business environments (3) and briefly explain |
-Macro - Business has no control -Operating - Business has little control -Internal - Business has a large amount of control |
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List the elements of the internal environment (4) and briefly explain |
-Employees - People working for a business that are expected to be paid , trained properly and treated ethically in return for their contribution to production -Managers -Location -Legal business structure |
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List the elements of the operating environment (4) and briefly explain |
Customers -The people who purchase goods and services from the business. Competitors - Other businesses or individuals who produce and sell rival or competing good or services to the ones offered by the business. Suppliers - The businesses or individuals that supply materials and other resources that the business needs to conduct its operations . Special interest groups - The groups of people that attempt to directly influence or persuade a business too adopt particular policies or procedures (e.g. unions). |
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List the elements of the macro environment (6) and briefly explain |
Corporate social responsibility - The pressures on a business to take into account its operations in the broader welfare of the community Global issues - The pressures that arise as a result of the business operating and competing on a global scale. Economic conditions - The set of influences that relate to economic activity , including interest relates, wages, unemployment, exchange relates and inflation. Political and legal influences - The laws or regulations made by parlaments and courts which affect how businesses operate and behave. Technological issues - The issues relates to the growing use of tools, techniques or systems. Social attitudes - The factors related to the changes in the attitudes, behaviour, tastes and lifestyles or communities on a local, national and international scale. |