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What three major functions of business organization can you enumerate and explain briefly?
Wiki User
∙ 13y ago
finance, operation,marketing
Wiki User
∙ 13y ago
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Briefly describe how the role of the producer has changed since the 1950s?
The product is rightly seen as a link between the technical and technical aspects of recording, with a healthy dose of business sense thrown into the mix.
Discuss the nature significance of business environment in India?
An analysis of business environment helps to identify strength, weakness, opportunities & threats. Analysis is very necessary for the survival and growth of the business enterprise. The importance of business environment is briefly explained in an analysis below.(1) Identification of Strength: The analysis of the internal environment helps to identify strength of the firm. For instance, if the company has good personal policies in respect of promotion, transfer, training, etc than it can indicates strength of the firm in respect of personal policies. This strength can be identified through the job satisfaction and performance of the employees. After identifying the strengths the firm must try to consolidate its strengths by further improvement in its existing plans & policies.(2) Identification of Weakness: The analysis of the internal environment indicates not only strengths but also the weakness of the firm. A firm may be strong in certain areas; where as it may be weak in some other areas. The firm should identify sue weakness so as to correct them as early as possible.(3) Identification of Opportunities: An analysis of the external environment helps the business firm to identify the opportunities in the market. The business firm should make every possible effort to grab the opportunities as and when they come.(4) Identification of Threats: Business may be subject to threats from competitors and others. Therefore environmental analysis helps to identify threats from the environment identification of threats at an earlier date is always beneficial to the firm as it helps to defuse the same.(5) Exploitation of Business Opportunities: Environment opens new opportunities for the expansion of business activities. Study of environment is necessary in order to discover and exploit such opportunities fully.(6) Keeping Business Enterprise Alert: Environment study is needed as it keeps the business unit alert in its approach and activities. In the absence of environmental changes, the business activities will be dull and lifeless. The problems & prospects of business can be understood properly through the study of business environment. This enables an enterprise to face the problems with confidence and secure the maximum benefits of business opportunities available.(7) Keeping Business Flexible and Dynamic: Study of business environment is needed for keeping business flexible and dynamic as per the changes in the environmental forces. This will enable the development of business organization.(8) Understanding Future Problems and Prospects: The study of business environment enables to understand future problems and prospects of business in advance. This enables business organizations to face the problems boldly and also take the benefit of favorable situation.(9)Making Business Socially Acceptable: Environment study enables businessmen to expand the business and also make it acceptable to different social groups. Business organizations can make positive contribution for maintaining ecological balance by studying social environment.(10) Ensures Optimum Utilization of Resources: The study of business environment is needed as it ensures optimum use of resources available. For this, the study of economic and technological environment is useful. Such study enables organization to take full benefit of government policies, concessions provided, and technological developments and so on.(11) Ensures Survival and Growth: Business environment inform about suitable changes to be affected in business policies. This helps the business organizations to grow & prosper.(12) Maintaining adaptability to changes: Business environment guides the business organization about socio-economic changes & the organization must accordingly adapt these change. This enables the business organization to survive for a longer period.
List and explain briefly 5 element of external business environment of business?
Five elements to an external business environment include the political climate, competition, government regulations, changes in the economy, and industry changes. External environment business elements can be summarized as being unpredictable. Elements include the political climate or political changes that could affect how a business operates. How a business handles threats from their competition. An organization cannot control their competition and therefore they may have to adjust their business model in order to stay competitive. Another external element is adjusting and dealing with government regulations. Businesses need to make sure they are compliant with regulations and laws. Compliance is important because it can assist in avoiding damage or threats to their business profits and operation. For example, being fined for not being compliant with government regulations is a possible threat. Depending on the industry, another element is the state of the economy. Changes in the economy could include inflation and interest rates rising. Both can affect how consumers frequent certain types of businesses or how industries are affected economically.
Briefly discuss Rent with the help of example?
Remuneration for land (a factor of production) is called rent.
Briefly discuss Price with the help of example?
The economic value of good or services is called price.
Write an overview on the HRM functions of your organization or an organization you are familiar with Briefly describe the organization you are referring to?
HRM functions
Briefly discuss the functions of management?
the planning is about a management to be manage by the person who conduct the business of his/her own
Explain briefly the different functions of human resource management?
define hrm briefly explain various functions of hr
Explain briefly about nature and characteristics of modern business?
briefly explain the charateristics of international business environment
What briefly the various marketing functions performed by a modern business enterprise?
The main function of marketing functions performed by a modern. business. enterprise. 1Gathering and analyaing market information. 2Marketing planning . 3Product designing and development . 4customer support service . 5Pricing of products. 6promation .
What are functions of memo?
Briefly list actions to be taken.
What are the functions of memo?
Briefly list actions to be taken.
Briefly describe the size and organization of the Han Dynasty at its peak?
figure it out yourself.
What do managers needs to know about business environment?
what should the manager know about business environment? Explain briefly
What was the black labor organization that briefly flourished in the late 1860s?
Colored National Labor Union
Black Labor organization that briefly flourished late 1860s?
Colored National Labor Union
Explain briefly the type of business finance?
The type of the business finance basically fund a given type of business.The type of business finance will depend with the size and the type of the business in question.
