Abstract When a business concept is developed, there are many facets of the business that goes into play in developing the business idea. I own a clothing retail store Closet Connection, in developing this idea I needed to make sure that the elements of the business were structured properly so that the company could sustain in an uncontrollable fluctuating market. Running a clothing retail store has the ability to (1) allow me the owner to express my fashion forte, and (2) make decisions as to expansion
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l Business Environment |Unit 1 | |Learner Name: |Date issued: | | |Learner Reg. No. : |Date due for return: | | |Teacher: |Mr O Henry |Date submitted:
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Introduction This statement illustrates the social responsibility of business and the corporate social responsibility of the business. According to Friedman, the social responsibility only is to make the profit. “Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large” (Baker, 2015). I do not agree
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Contents 1. Introduction 2 2. Objectives 2 3. Business Environment 2 3.1. Demographic environment 2 3.2. Economic environment 2 3.3. Geographical and ecological environment 3 3.4. Legal environment 3 3.5. Technological environment 3 3.6. Social environment 3 3.7. Educational and cultural environment 3 3.8. Political environment 3 4. About Mahindra & Mahindra 4 5. Task 1. 5 6. Task 2. 6 6.1. Market Penetration 6 6.2. Market Development 7 6.3. Product development 7 7. Conclusion 7
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Should Government have the largest influence on Corporate Social Responsibility ? Introduction Carroll’s four responsibilities of business are economic, legal, ethical, and discretionary (Carroll, 1991). Economic responsibility is a business organization to produce goods or service to society, and creditors or shareholders can get return. Legal responsibility is defined in law by government that management is expected to follow. Ethical responsibility is organization management to obey the
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BTEC Level 3 in Business – Unit 1 – The Business Environment Context Think of a business as a ship on the high seas. The captain and crew of the ship are steering the ship on its journey but the ship is also affected by other influences such as the weather, tides and currents. The captain and crew have no control over these but they must be able to respond effectively to the intervention of events such as a storm in order for the ship to successfully complete its voyage. Just like a ship
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//In this paper, we have taken the company named Emaar Properties PJSC for the purpose of making analysis. First, we will discuss briefly about the company, and then we will analyze its social, legal and economic environments. We will also discuss the company issues related to financial, managerial and operational activities. At last, we will discuss about the impact of the change factors on the company and on the management functions. // Emaar Properties PJSC is the world's biggest company in
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Analysis? A PEST analysis is an analysis of the external macro-environment that affects all firms. P.E.S.T. is an acronym for the Political, Economic, Social, and Technological factors of the external macro-environment. Such external factors usually are beyond the firm's control and sometimes present themselves as threats. For this reason, some say that "pest" is an appropriate term for these factors. However, changes in the external environment also create new opportunities and the letters sometimes are
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own business and a business degree is the first step in my quest to becoming an attorney and future success. While going through the virtual campus I found the interactive reading and activities to be the most useful to me. This was because it helped me understand the content and practice what I learned. There are three basic business environments(legal, social, and economic) that affect the success of a business. The legal environment of a business is the law as it affects a business and
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Unit 5 Elements in Business Jean Juisto AIU Online Abstract The basic concepts of management and some problems faced in operating a business enterprise. Here are basic concepts in management and some factors that must be addressed whenever problems arise. Basic legal environment include relevant laws and regulations that relate to a business. These laws are governed by state, country, and international
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