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The factor of control.
The critical success factor in business is of great importance. One is able to create a common point of reference to help measure and direct the the success of their business. Critical Success Factors are those essential areas of activity that must be performed well to achieve the mission, objectives or goals for your business or project. Rockart defined CSFs as: "The limited number of areas in which results, if they are satisfactory, will ensure successful competitive performance for the organization. They are the few key areas where things must go right for the business to flourish. If results in these areas are not adequate, the organization's efforts for the period will be less than desired."
In business writing, there is no reason to abbreviate the name of a person. An important factor in business writing is clarity and precision. Abbreviating a person's name can lead to confusion, errors, and can be viewed as disrespectful.
Income as a direct affect on business. the purchasing power of an individual depends upon his/her disposable income (income-taxes). when income is more they will purchase more and vice verse. So when the aggregate income of the people will fall, the demand for the products and services will decrease which will in turn result in low sales as well as profit of a business.
Business is dynamic. Production is or should be a factor of demand. The higher the demand, the higher the production. Specific requirements from customers can also influence the production. Nothing in business will remain static for a long time. That is why Production Management is a continous dicision in organizations.
The Business Environment is affected by various factors like: Economical factor,Demographic Factor, Ecological factor, Geographical factor etc etc.we have to study a business so that we all know the weakness and strength of it, and to know what is the advantage and disadvantage of it.To become a good businessman it is very important to know about business environment. BY HADIUZZAMAN
Every business is affected. The bigger the business, the greater the influence. For any business of significant size, regulatory and legal issues are the most important factor in determining survival and profitability.
Several major factors are involved in the growth of international business. One major factor deals with the surge in oil prices, a commodity in great demand by many nations.
Dependent variable
technology
dependent variable
Dependent variable
Business environment influences the business management with many aspects. Some of them are competition, change of technology, recession, company policies, management, advertising and the promotional aspects. Change in the customer's behavior also plays and important role in the business influence.
The world of business is getting smaller and smaller as on single factor continues to revolutionalize the way business is done. What is the factor? And how relevant is it in Nigeria business environment?
supply
this answer is not in the world
Project time is it