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Andrew Broadbent
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∙ 12y ago
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What are the internal and external factors in business environment?
Some internal factors that impact the business environment include competitors and business resources. External factors that affect the business environment barriers to entry and government regulations.
Micro-environmental factors that affect the development and introduction of a health drink?
what are the micro environmental factors that affect business environment?
Explain elements of business environment?
A business environment are the internal and external factors that affect a business. Its elements include society, technology, regulations, economy and politics.
Factors affecting business environment?
1.Demographic factors like the population composition,size and location does affect the business environment. 2.Political interventions and environment one way or the other largely affects the business environment. 3.The Legal environment also affects the business environment. 4. Economic factors like, Inflation, interest rate on loans, exchange rate systems.
What is meant by the term business environment?
Business environment encompasses all those factors that affect a company's operations, and includes customers, competitors, stakeholders, suppliers, industry trends, regulations, other government activities, social and economic factors and technological developments. by s dot w
What are Environmental factors that affect a business?
how environmental factors affect in business
Social factors affecting business?
There are a number of social factors that affect business in any environment. Some of the common factors include age, education level, income and culture among others.
How does the social environment affect the business?
These are the factors within the organisation that you have control over such as suppliers, staff etc
What are the factors affecting a new business?
Natural disasters1.Demographic factors like the population composition,size and location does affect the business environment. 2.Political interventions and environment one way or the other largely affects the.
What are the Main elements that make up the business environment?
Internal component of business enviorment consists of Resourses, Capabilities, Core Competencies and Strategic competitiveness withing any organisation.Market environment consist of all factors that in one way or another affect or affected by the organization desicion.there are external and internal factors.Internal factor , these involve (5M's)ManagementManpowermachinematerial andmoney.External factors , these includeMacro factor and micro factors.Macro factors are the one that affect the organization indirectly, these are (pestel)Politicalenviromentsocia-culturaltechnological andEcologicalleagalwhile micro factors are those which affect the organization directly it involvecustomerscompetitorssuppliers andpublic
What is the difference between the general environment and the task environment?
General environment is the types of External environment that affect the performance of Business organization indirectly, it comprise the following factors: 1.Political factors 2. Economic factors 3. social cultural factors 4. Technological factors 5.Demographic factors Task environment is the types of External environment that affect the performance of Business organization directly, it comprise the following factors: 1.Customers 2.Suppliers 3.shareholders 4.Environmentalist 5.Government agencies 6.Competitors 7.Media etc.
Why is it important to monitor the macro-environment of a firm?
It is very important to monitor the macro-environment of a firm as they will directly affect the organization. These are external factors that a firm will not have control over and will affect the performance of the business.
