Unit 1 Business Environment Essay

Unit 1 Business Environment Essay-73
Aside from making a profit, they are forced to take on a different responsibility, one that involves the environment.Even though, they already have many regulations set by the government, they are still being asked to answer to the call of helping out the rest of society take of nature.

Aside from making a profit, they are forced to take on a different responsibility, one that involves the environment.Even though, they already have many regulations set by the government, they are still being asked to answer to the call of helping out the rest of society take of nature.These statements are the fundamental reasons for the existence of the organisation and aimed at needs-satisfying activities[3].

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D4 Justify the use of innovation and enterprise for a business in relation to its changing market and environment.

LIST OF REFERENCES AND SOURCES INTRODUCTIONThe modern society depends on business organisations for most of the products and services it needs, including the employment opportunities that businesses create[1].

(2) Non-Economic Environment: - Following are included in non-economic environment:(i) Political Environment: - It affects different business units extensively.

This essay cover Unit 1 Exploring Business - Assignment 2.

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 other hand, the word ‘Environment’ refers to the aspects of surroundings.

This assignment will focus on the micro environment and market environment.

LITERATURE STUDYMicro Business Environment The internal or micro-business environment, consist of the business itself and its managed by management[1].

This environment can be regarded as an environment with three sets of variables - The Vision, Mission & Objectives of the business, its Business Functions and its Production Factors.

The environment is the sum total of all the factors and variables that occur internally in the organisation and are influenced in a direct or indirect way by the decisions of management[2].

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