M2: Compare the challenges to selected business activities within a selected organisation, in two different economic environments Compare – what are the similarities and what are the differences Country: UK Economic variable | Effect on supply | Effect on demand | GDP (growth (low growth), recession) | The suppliers will start reducing their supplies to Toyota, which further decrease the GDP of the country. Toyota will also start producing fewer cars to be sold if less people are buying
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market and the corporate market. The Apple Mac OS is now becoming a viable contender in both markets. However, in terms of the quickly growing and ever expanding mobile market Microsoft has done very little to win over handset makers and create an environment in which individuals are writing apps for their platform. In this case Apple has become the predominant leader and the standard methods of competing are not producing the results needed to remain competitive in the long-term market. For this reason
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Focusing on just two external environmental areas from the economic, social, political and legal environments, analyse the key forces and trends that have taken place within these two environmental areas over the past decade. Introduction Marketing concept as outlined by Kotler and Levy (1969), is perceived by most as an undertaking to find and stimulate buyers to achieve a firm’s goals. The process entails product development, pricing, distribution, communication as well as continuous attention
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The Macro Environment factors are: 1) Demographic Environment 2) Economic Structural Environment 3) Technological Environment 4) Political Environment MACRO-ENVIRONMENTAL FACTORS A business and its forces in its micro environment operate in larger macro environment of forces that shape opportunities and pose threats to the business. It refers the major external and uncontrollable factors that influence an organization's decision making, and affect its performance and strategies. These
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topics (Economic, Demand, Supply, Changes in Supply and Demand or Government interaction) and cover the points below: Economic Outline * Describe the importance of stability in each of the economic environments. * How do changes in the different economic environments impact the business (growth, recession, ripple effect)? * Describe the levels of inflation in each of the economic environments. * What is the availability and cost of credit in the different economic environments?
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by the environment as well. A typical misunderstanding in the public opinion in Eastern Europe, and particularly Latvia, is overly narrow understanding of the concept of environment – only as the nature environment. This leads to overly narrow understanding of green economics and thereby not sufficient measures of public policy. The paper deals with overview of environmental changes in Latvia during the period of last twenty years, paying attention to social, legal, political, economic and cultural
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2012/2013 CONSEQUENCES OF ECONOMIC GROWTH ON THE ENVIRONMENT:Focus on International Trade i. Economic growth and the environment ii. Environmental Kuznets curve: a. Kuznets Curve:Income inequality and growth b. Income inequality , growth and the environment iii. Population growth: how increasing population could affect the environment iv. Economic impacts of environmental policies: c. Economic growth: investment and
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BUSINESS ENVIRONMENT Understanding the environment within which the business has to operate is very important for running a business unit successfully at any place. Because, the environmental factors influence almost every aspect of business, be it its nature, its location, the prices of products, the distribution system, or the personnel policies. Hence it is important to learn about the various components of the business environment, which consists of the economic aspect, the socio-cultural
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MACRO FACTORS AFFECTING BUSINESS ENVIRONMENT SUBMITTED BY: AAYUSH VERMA INTRODUCTION A business firm is an open system. It gets resources from the environment and supplies its goods and services to the environment. There are different levels of environmental forces. Some are close and internal forces whereas others are external forces. External forces may be related to national level, regional level or international level. These environmental forces provide opportunities or threats to the
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Economic Growth and the Environment Several arguments have been advanced over the relationship between the environment and economic growth. Indeed, from ancient civilization up to the modern era, people have used all the available resources to improve their standards of living. According to Urheim (2010), food and security form the core desire of individuals in any society. Accordingly, the two factors define the foundation of a country’s economic growth. In order to achieve these benefits, people
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