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The business environment impacts a business because managers have to make decisions based on what is going on around them. If the environment is fiercely competitive, then the business would have to respond appropriately.

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Is business rates an expense or income?

Business rates are considered an expense for a business. They represent a tax levied on commercial properties, which companies must pay to local authorities. This expense impacts the overall profitability of the business and is accounted for in financial statements.


How are social and environmental costs different from financial costs?

Social and environmental costs encompass the broader impacts of business activities on society and the environment, such as pollution, resource depletion, and community well-being. In contrast, financial costs are explicit monetary expenditures directly associated with business operations, like wages, materials, and overhead. While financial costs are typically accounted for in a company’s balance sheet, social and environmental costs often remain externalized, impacting stakeholders without being reflected in traditional financial metrics. Addressing these costs is crucial for sustainable business practices and long-term societal health.


What are the objectives of an environmental audit?

the objectives of an env audit is to ensure that there are minimal environmental impacts on the environment,also to ensure that a company or organisation complies with stated environmental laws and regulationns,and to ensure that resources are well utilized


What is post acquisition reserve?

A post-acquisition reserve is a financial provision that companies establish after acquiring another business to cover potential liabilities or expenses that may arise from the acquisition. This reserve can be used for various purposes, such as addressing unforeseen operational costs, legal claims, or integration challenges. It helps ensure that the acquiring company is prepared for any financial impacts resulting from the acquisition, promoting stability and financial health in the post-merger environment.


WHAT IS PROFIT AND LOSS STAND IN BUSINESS?

Profit and loss in business refer to the financial performance of a company over a specific period. Profit is the positive difference between revenue and expenses, indicating a company's ability to generate income. Conversely, a loss occurs when expenses exceed revenues, signaling financial struggles. Understanding profit and loss is crucial for business decision-making, as it impacts cash flow, strategy, and overall viability.

Related Questions

How the environment in which the business operates impacts upon its success?

The environment affects a business because changes can impact business strategy and processes. For instance, heavy government regulations can place a burden on the business.


What is the different between environment and environmentally?

The environment is the conditions and surroundings an organism operates in. Environmental science studies the environment, how it impacts organisms, and how the different organisms impact it.


Dicuss one ethical issue relating to production showing how it impacts on a business?

Is the behavior when dealing with Customers, Suppliers, Society, and the Environment.


Explain why as a business grows it affairs become complicated.?

When a business grows, its affairs become more complicated in most cases. That is because the business is dealing with more outside entities. This impacts the relationships it has and makes it more complicated.


Explain why as a business grows its affairs become more complicated?

When a business grows, its affairs become more complicated in most cases. That is because the business is dealing with more outside entities. This impacts the relationships it has and makes it more complicated.


Explain the role of SWOT analysis as a tool of facilitating strategic choice at the business level?

Managers use SWOT to determine what opportunities they would like to go after within the market. At the business level, this impacts what products are produced each day in a manufacturing business.


How does music impacts the environment?

It doesn't.


What are the negative impacts of business?

negative impact of internet on business


What is the main purpose of incorporating sustainable practices in business operations?

The main purpose of incorporating sustainable practices in business operations is to minimize negative impacts on the environment, society, and economy, while also ensuring long-term success and profitability for the business.


What are the impacts that dead batteries on the environment?

Batteries have toxic, which can harm the environment


What are the impacts of human beings on environment?

The impacts of humans on the environment is mostly negative. Global Warming, Pollutions,etc are some of the main causes.


What are negative human impacts on the environment?

There are several human impacts on the environment that people are slowly beginning to realize are having a negative effect. Things such as coal plants, leaving appliances plugged in when not using them, and the exhaust that comes from cars are just a few examples of negative human impacts on the environment.