Business Environment Essay

828 words - 4 pages

The Business Environment

1. Describe the role of business in the economy.
Have you ever wondered why there are so many businesses in the world? Or why do we need them all? Business is what keeps the economy moving forward. If you think about it the more business there are out in the world the more people that have the opportunity to gain employment. Employment levels influence a range of other standard-of-living metrics, such as disposable income, home foreclosure rates and new small business startups. When business are doing well the economy benefits. For example banks are more willing to lend consumers money. Interests rates are lower some businesses even given back to the ...view middle of the document...

Business benefits not only the person starting it up, but everyone in that area or in that economy benefits. They create most new innovations, and provide a vast range of opportunities for new businesses, which serve as their suppliers.

3. Discuss the impact of current fiscal and monetary policy on the economy.
Presently in the year 2012 many people think the United States has a poor monetary policy, which has caused the economy to decline. The government has spent money that we don’t have and caused the United States to have trillions of dollars in debt. However, when money is barrowed it is used to bail out different things in the economy. Bailing companies out boost the economy in positive ways. For example if a company is saved, employees won’t lose their jobs. The election of 2012 may change the monetary policy that we have in place right now.

4. Select a product or service with which you are familiar and outline a strategy for accessing global markets.
Automobiles are products that are frequently used around the world. Most cars in America are imported. Just to name a few Mercedes, Honda, Toyota and Audi. For the automotive industry to reach global markets they do many things to reach different markets. The main tool in the strategy is to use the media to reach a wide range of consumers. The media tools include but aren’t limited to the internet, T.V. advertisements, and...

Read more

Other Essays Like Business Environment

Business Environment Essay

4439 words - 18 pages Business Environment Individual Assignment Contents Introduction 3 Main body 4 1. The types of business 4 1.1 The sole trader 4 1.2 The partnership 4 1.3 The corporations 5 2. The responsibility of business 5 2.1 Social responsibilities 5 2.2 Environmental responsibilities 6 2.3 Ethics and business 6 2.4 Management responsibilities 7 2.5 Public relations and corporate image 8 3

Business Environment Essay

5531 words - 23 pages global water supplies, reform packaging to make product minimize impact to environment, etc. * Try to deliver good long-term financial performance and shareholder value, create safe, healthy workplace. (Goals) | * Profit before tax in Quarter I / 2014 Techcombank 673 billion, completing 57% target in 2014. (Techcombank, 2014) | Mission | * Allows business to become the world's premier consumer products company focus on beverages and

business environment

4213 words - 17 pages will analyze the fundamental factors for the British company to consider that is crucial to the final decision. Cultural indifferences between China and UK raise risks in daily operations and management. The huge differences for long-term orientation and high text communication could mislead employees to misunderstand business goals. In addition, it requires a certain extent of understanding to the local business environment, like sending

Business Environment

4694 words - 19 pages Assignment front sheet | Learner name | ------------------------------------------------- Assessor name | Thaw Thaw Han | Daw Kyi Lai Han | Date issued | Completion date | Submitted on | 17.11.2014 | 2.1.2015 | 2.1.2015 | Qualification | Unit number and title | Edexcel BTEC Level 4 HNC Diploma in Business | Unit 3 – Business Environment (EDEXCEL Unit – 1) | A | | Assignment title | Business Environment (Assignment 1 of 1) | In this

Business Environment - 1778 words

1778 words - 8 pages employed (ROCE) meaning of (ROCE) in business term R is for return O is on C is capital E is for employed this is best use as finance term strong financial position the important of a measure of company’s probability and to shows how well the business is utilising its capital to generate equity means for shareholders funds. Sales, service level, customer satisfaction, corporate responsibility, ethical issues 1.2 The objectives of stakeholders

Business Environment - 2385 words

2385 words - 10 pages Business Environment 1 Final Essay 2014 – 2015 Section 1: PEST Analysis Technique * Section 1.1 Social environment is the sign of the human spirit civilization and material civilization’s development. On the basis of the natural environment, through long-term conscious social labor, human beings have been processing and transforming the natural material and then social environment was formed. Social environment as one of the external

Business Environment - 3574 words

3574 words - 15 pages international marketing. UK is not a big country, the domestic market is small. UK can improve its economy, through international trade.4.2 Analyse the impact of global factors on UK business organisationFactors what influencing business are legal, political, social, technological and economic. Businesses are affected by an external environment, and competitors.Social factorsThese factors provide insights into behaviour, tastes, and lifestyles of a nation

Business Environment - 3343 words

3343 words - 14 pages Business Environment Section 1 In the UK there are many different types of business organisations. They broadly fall into the category of public and private sector organisations. The National Health Services or the Armed Forces for instance are public sector organisations owned by the Government and are in place to deliver to the public. The main purpose of public sector organisations is to provide access to quality service at an

Business Environment Frontsheet 2

724 words - 3 pages School of Business BTEC HND in Management/Marketing/Human Resource Front Sheet SFU/QSF-ACD-006 Rev 001 dated 9/20/10 UNIT 1–Business Environment Student number/Student Name: Leanne Principe | Group: Section B | Activity Reference: 1-02 | Date due:Draft: 13 March 2014; Final: 18March2014 | Assessors: | Date submitted: 18 March 2014 | Outcome / Skill | Evidence | Assessor’s decision | Feedback | LO2.Understand the nature

Assignment 2 - Business Environment

2261 words - 10 pages )  It is also important because it helps an organisation make decisions. Most businesses have either a tall or flat organisational structure that influences decisions being made. Larger businesses such as Sainsbury’s have a tall organisation structure because they are lots of different layers of management and many people who need to be organised. However, smaller business such as Huddersfield New College and a pub have a flat organisational

Business and Work Environment

864 words - 4 pages . Descriptions are provided to new staff or existing employees who are commencing a new role. Some of the greatest challenges for managers are the pace of change in today’s work environment and maintaining quality staff. The major responsibilities for managers include: planning, organising, leading and evaluating. Low morale, low productivity and absenteeism are all symptomatic of poor management strategies and can result in business failure. Therefore, it is

Related Papers

Business Environment Essay 862 Words

862 words - 4 pages 11/14/12 The Gemini Geek » What Is Business Env ironment? » Print 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

Business Environment Essay 1399 Words

1399 words - 6 pages Business Environment The term ‘business environment’ means the sum total of all individuals, institutions and other forces that are outside the control of a business enterprise but that may affect its performance. As one writer has put it– “Just take the universe, subtract from it the subset that represents the organisation, and the remainder is environment”. Thus, the economic, social, political, technological and other forces which operate

Business Environment Essay 3673 Words

3673 words - 15 pages Business and the Economic Environment Name Course Instructor Location Institution Date Abstract Business economic environment plays a great role in promoting the business operations. The economic set up of the business environment will dictate whether the business becomes successful or fails. Some of the economic factors in the business environment include; the micro and macroeconomic factors. Therefore, the business should

Business Environment Essay 668 Words

668 words - 3 pages and similar statistics.  A business will keep stakeholders in mind when making major business decisions as they need to be sure the board agree with the changes. The business needs to agree from all parts of hierarchy that this is the correct strategy. Only then will something be implemented. Agencies are concerned in the distribution of resources and the activities of business. Business affects participants of the public including the number of people they employ and their local suppliers (Zervas, G, Nejabati, R, 2009). Worthington. I, Britton. C, 2011, The business environment ,Pearson Education Ltd, Essex.

Other Popular Essays

Law in Malaysia Essay
Personal Responsibility Essay
Behaviourism vs Cognitive Essay
Learning, Memory and Motivation of Consumer Behaviuor
Aren't We Done Yet? Essay
Motivational Plan Essay
Estadistics Essay
Dimension of Qualities Essay
Tap into the world’s largest open writing community