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Unit 4 The Business Environment P1

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Business environment is individual and organization that exists outside and inside the business and have influence direct and indirect to the business.
If environment is not safe for staffs they are always will complain and that is not good for your business because if staffs or employees are not happy for the working environment then the business will lose and if employees are not happy then they can’t give good quality product or services for customers. Environment is good automatically we will get more customers. E.g., now these days every parents are going out with their kids, if we made shopping mall with kids paly ground with baby sitters then customers will feel better , because they are not worrying about their kids they can spend …show more content…
If need to see our customers happy we always think about what customers wants and needs and need to improve services. E.g., if they are not happy with our services we need ask them and give changes for services.
Every business there is competitors and if there is more competitors we need think about double about our business and competitors, what they are doing, what kind of promotion they are giving for their staffs and how they are advertising things and that kind advertising is working and how they are increasing their customers, we have to know about what competitors are doing then we can take good decision for our business. You and your competitors have same product, so it is difficult sell that product in same area, so you need give promotion for that product. e.g. if you and your competitors same product like television, they are advertising Ramadan offers and promotion and that promotion they are giving 10% discount from televisions, and if you want sell your product you also have to give promotions and you have to change the promotion style, because if you also giving 10% discount and I do not think it is working much, so you can

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