This website uses cookies to ensure you have the best experience. Learn more

Pdf, Doc Essay

1524 words - 7 pages

What Is Business Environment?
Meaning: - The term Business Environment is composed of two words ‘Business’ and ‘Environment’. In simple terms, the state in which a person remains busy is known as Business. The word Business in its economic sense means human activities like production, extraction or purchase or sales of goods that are performed for earning profits.
On the other hand, the word ‘Environment’ refers to the aspects of surroundings. Therefore, Business Environment may be defined as a set of conditions – Social, Legal, Economical, Political or Institutional that are uncontrollable in nature and affects the functioning of organization. Business Environment has two components:
1. ...view middle of the document...

Types of Customers:
(i) Wholesalers
(ii) Retailers
(iii) Industries
(iv) Government and Other Institutions
(v) Foreigners
(3) Market Intermediaries: - They work as a link between business and final consumers. Types:-
(i) Middleman
(ii) Marketing Agencies
(iii) Financial Intermediaries
(iv) Physical Intermediaries
(4) Competitors: - Every move of the competitors affects the business. Business has to adjust itself according to the strategies of the Competitors.
(5) Public: - Any group who has actual interest in business enterprise is termed as public e.g. media and local public. They may be the users or non-users of the product.
Macro/General Environment: – It includes factors that create opportunities and threats to business units. Following are the elements of Macro Environment:
(1) Economic Environment: - It is very complex and dynamic in nature that keeps on changing with the change in policies or political situations. It has three elements:
(i) Economic Conditions of Public
(ii) Economic Policies of the country
(iii)Economic System
(iv) Other Economic Factors: – Infrastructural Facilities, Banking, Insurance companies, money markets, capital markets etc.
(2) Non-Economic Environment: - Following are included in non-economic environment:-
(i) Political Environment: - It affects different business units extensively. Components:
(a) Political Belief of Government
(b) Political Strength of the Country
(c) Relation with other countries
(d) Defense and Military Policies
(e) Centre State Relationship in the Country
(f) Thinking Opposition Parties towards Business Unit
(ii) Socio-Cultural Environment: - Influence exercised by social and cultural factors, not within the control of business, is known as Socio-Cultural Environment. These factors include: attitude of people to work, family system, caste system, religion, education, marriage etc.
(iii) Technological Environment: - A systematic application of scientific knowledge to practical task is known as technology. Everyday there has been vast changes in products, services, lifestyles and living conditions, these changes must be analysed by every business unit and should adapt these changes.
(iv) Natural Environment: - It includes natural resources, weather, climatic conditions, port facilities, topographical factors such as soil, sea, rivers, rainfall etc. Every business unit must look for these factors before choosing the location for their business.
(v) Demographic Environment :- It is a study of perspective of population i.e. its size, standard of living, growth rate, age-sex composition, family size, income level (upper level, middle level and lower level), education level etc. Every business unit must see these features of population and recongnise their various need and produce accordingly.
(vi) International Environment: - It is particularly important for industries directly depending on import or exports. The factors that affect the business are: Globalisation,...

Other Papers Like Pdf, Doc

Doc, Docx, Pdf, Wps, Odt Essay

4105 words - 17 pages ABOUT THE AUTHOR FAMILY BACK GROUD AND PROFESSIONAL BACKGROUND Nanda was born on October 10, 1915 in Punjab. He was raised on Manora Island at the entrance to the Port of Karachi. His parents were simple, god fearing people belonging to the Punjab middle class. His father, Mathra Das, came from a village near Gujranwala (today in the Pakistan part of Punjab), about half an hour train jounney from Lahore. His Mother Pooran Devi, came from a

Doc, Docx, Pdf, Wps, Rtf Essay

737 words - 3 pages 1DPH 2I *DPH • %RPED .DPSRQJ $GXOW 0DOL FRYH 6XUI %HDFK DUHD • • • • • 'LFH 5DFH $GXOW 0DOL FRYH 6XUI %HDFK .LGGLHV 3RRO &RUQHU %HORZ 'U\ 3DUN DUHD SD[ • • • • • • • • • • • • 'L]]\ 6WLFN $GXOW 0DOL FRYH 6XUI %HDFK DUHD 'UDJRQ %DOO $GXOW &KLOGUHQ 0DOL FRYH 6XUI %HDFK .LGGLHV 3RRO &RUQHU %HORZ 'U\ 3DUN DUHD SD[ • 'HVFULSWLRQ 2Q +RZ 7R 3OD\ $ WUDGLWLRQDO ´NDPSRQJµ JDPH ZKHUHE\ HDFK WHDP ZLOO FRQVLVW

Doc, Docx, Pdf, Wps, Rtf, Odt

3233 words - 13 pages FACTORS AFFECTING STUDENTS’ PERFORMANCEA Case Of Private CollegesSyed Tahir Hijazi 1 andS.M.M. Raza Naqvi 2 Abstract: Many empirical studies are carried out to explore factors affecting college students’ performance. The focus of this research is that student performance in intermediate examination isassociated with students’ profile consisted of his attitude towards attendance in classes, time allocation for studies, parents’ level of

Doc, Docx, Pdf, Wps, Rtf, Odt

5339 words - 22 pages Future of Finance Finance is the study of how investors allocate their assets over time under conditions of certainty and uncertainty. The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th 20th and early 21st centuries, many financial crises were associated with banking fears, and many recessions coincided with these fears

Doc, Docx, Pdf, Wps, Rtf, Odt

4104 words - 17 pages | | |Chapter 18: Operating & Financial Leverage | |Chapter Review Solutions

Doc, Docx, Pdf, Wps, Rtf, Odt - 1588 words

1588 words - 7 pages The Top 10 Steps to Making Major Life Changes 1. Identify the payoffs and price of staying where you are. There are certainly good reasons you have for not already having made a transition. Do some soul searching with trusted allies or through journaling to uncover what payoffs you're receiving for not making the change. At the same time, identify the price you are paying for maintaining the status quo. When your conscious mind gets that the

Doc, Docx, Pdf, Wps, Rtf, Odt - 1633 words

1633 words - 7 pages Assignment on HR Manager Compensation Strategy Prepared to: Abdullah Iftikhar Prepared by: NAZIM (123051053) Compensation Management Course Code: 508 Deadline: 22 8th 2014 OBJECTIVE OF COMPENSATION: Acquire qualified personnel: compensation needs to high enough to attract applicant. Pay level must respond to the supply and demand of worker in the labor market. Retain current employee: employee must quit when

Doc, Docx, Pdf, Wps, Rtf, Odt - 981 words

981 words - 4 pages Seventy years ago in Chaozhou, Guangdong, Mr. Li was born into a well-educated family which instilled in him early on a respect for education and a wish to gain more knowledge. In 1940, when he was 12 years old, his father Mr. Li Yunjing decided to move the whole family to Hong Kong. Though by doing so they could avoid the wartime turbulence in the mainland, the senior Mr. Li, in poor health, found it difficult to settle in a new place and passed

Doc, Docx, Pdf, Wps, Rtf, Odt - 763 words

763 words - 4 pages 1 What does Internal Audit do? Internal audit is a department, independent of line management, whose prime responsibility is to review the quality and effectiveness of the controls within the banks to manage and mitigate risk and protect the assets of the bank. In performing this work Internal Audit provides recommendations and advice to management on matters requiring attention. Internal audit will normally produce an annual plan of

Doc, Docx, Pdf, Wps, Rtf, Odt - 1136 words

1136 words - 5 pages Eating Sugar The short story written by Catherine Merriman named ”Eating Sugar, was originally published in ”Getting a life”, Honno, in 2001. A third person narrator tells the short story and furthermore the narrator is omniscient. It seems to me that the time is not important in this short story. On the contrary the environment, the surroundings, are described into details. In this analysis I have chosen to focus on the description of the

Doc, Docx, Pdf, Wps, Rtf, Odt - 592 words

592 words - 3 pages /Wave_3_20080403093750.pdf, Wave.3,P‬‬ ‫35‬ ‫-4‬ ‫ﺤﻴﺙ ﻴﻌﺘﻤﺩ ﺍﻹﻋﻼﻡ ﺍﻟﺠﺩﻴﺩ ﻋﻠﻰ ﺍﻟﻌﺩﻴﺩ ﻤﻥ ﺍﻟﺘﻜﻨﻭﻟﻭﺠﻴﺎﺕ ﻜﺨﻼﺼﺎﺕ ﺍﻟـ ‪ ،RSS‬ﺍﻟﻤﺩﻭﻨــﺎﺕ‬ ‫، ﺍﻟﻭﻴﻜﻲ، ﻤﻨﺼﺎﺕ ﻤـﺸﺎﺭﻜﺔ ﺍﻟـﺼـﻭﺭ ) ‪ ،( Flickr‬ﻤـﺸـﺎﺭﻜﺔ ﺍﻟﻔــﻴﺩﻴﻭ )‪، (You Tube‬‬ ‫ﺍﻟﺒﻭﺩﻜﺎﺴﺕ، ﺍﻟﺸﺒﻜﺎﺕ ﺍﻻﺠﺘﻤﺎﻋﻴﺔ، ﻋﻼﻤﺎﺕ ﺘـﺩﺍﻭل ﺍﻟــﻤﻭﺍﻗﻊ ، ﺍﻟــ‪ ،Mash- ups‬ﺍﻟﻌـﻭﺍﻟﻡ‬ ‫ﺍﻻﻓﺘﺭﺍﻀﻴﺔ، ﺍﻟـﺘﺩﻭﻴﻥ ﺍﻟـﻤﺼﻐﺭ، ﻭﺍﻟﻜﺜﻴﺭ ﻤﻥ ﺍﻟـﺘﻜﻨﻭﻟﻭﺠﻴﺎﺕ ﺍﻷﺨﺭﻯ )1(.‬ ‫ﻜﻤﺎ ﺘﺘﻴﺢ ﻭﺴـﺎﺌﻁ ﺍﻹﻋـﻼﻡ ﺍﻟﺠﺩﻴـﺩ ﺇﻤﻜﺎﻨﻴـﺎﺕ ﻫﺎﺌﻠـﺔ ﻟﻠﺘﻭﺍﺼـل ﻭﺍﻻﺘـﺼﺎل ﺍﻟﺠﻤـﺎﻫﻴﺭﻱ‬ ‫ﻭﻤﻥ

Related Essays

Doc, Pdf, Essay

3667 words - 15 pages Task 1 1.1 prepare documentation to select and recruit a new member of staff I’m working with Golden Triangle Ltd as a Human Resources Manager. Golden Triangle Ltd is a company-providing restaurant. It is located in Hlaing Township. The company has successful and new Approval of recruitment The recruitment process is started with the approval of recruitment from the authority of the organization. The concern departments of the organization

Doc , Pdf, Wps Essay

698 words - 3 pages Workshop 1 For example: In the hotel industry employees will provide hassle-free, hospitality, personalized service to every customer. Overall attitude: Friendly/ Patience/Motivation/ be helpful/ Take the extra step Body language: Positive/Gentle Employees will bend their knees and try to be the same level with children, when they interacted with young kids. It will show our attention to them. Arguments: Employees will listen to

Doc, Pdf, Wps Essay

2385 words - 10 pages Mbp Report Name: Wing Yiu, See (Rix) Student Number: 13040295 Introduction A restaurant, which is called Toro noodle bar, has been found in this report. Toro noodle bar is a Chinese restaurant and which is mainly providing the Chinese food to the customers. Despite that, Toro noodle bar focus on serve to the foreigners especially local, rather than focus on Asians. Moreover, the decoration and the service of the Toro Noodle Bar is not same as

Doc, Docx, Pdf, Essay

5326 words - 22 pages from published sources. © 2009, IBSCDC. No part of this publication may be copied, stored, transmitted, reproduced or distributed in any form or medium whatsoever without the permission of the copyright owner. Do Dhumal Mandar Naresh, et al., “Rural marketing – Understanding the consumer behavior and decision process”, http://dspace.iimk.ac.in/bitstream/2259/469/1/RM88.pdf “Why India?”, http://www.ifsecindia.com/ifsec08/why_india.html?e, October