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Q: What are economic factors and roles within the business environment?
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What are the five planning aids within the business environment?

Global, economic, social, technological and compatative


How does the social environment affect the business?

These are the factors within the organisation that you have control over such as suppliers, staff etc


What is business internal environment?

An internal environment in business is a combination of conditions, events, factors, and entities that lead to decisions within a company. Leadership styles and organizational culture are parts of the internal environment.


How a business organization has responded to changes in the business environment?

A business organisation responds to changing business environment by strategic alliance,mergers,brand building,restructuring,modernisation,expansion in its vulnerabilty within the dimensions of the social,political,economic,technological,legal environment by SWOT analysis.(strength,weakness,opportunities ,threats) of all levels & components of the business environment.


Business cycles occur in free enterprise systems because?

A business cycle is the monitoring of the ups and downs within a market. Free enterprise is subject to business cycles because of the many economic decisions about factors including prices, production, and consumption that are based on various markets within the area of free enterprise.


Business environment with in an outside the country is different?

Business environment within an outside the country is different?


Why is the free enterprise subject to business Cycles?

A business cycle is the monitoring of the ups and downs within a market. Free enterprise is subject to business cycles because of the many economic decisions about factors including prices, production, and consumption that are based on various markets within the area of free enterprise.


What is the definition of Domestic Business Environment?

Domestic Business Environment refers to business conducted within an organization's base country such as businesses who operate in the USA.


Why is the free enterprise system subject to business cycles?

A business cycle is the monitoring of the ups and downs within a market. Free enterprise is subject to business cycles because of the many economic decisions about factors including prices, production, and consumption that are based on various markets within the area of free enterprise.


What is a bussiness environment?

its a set of all elements that exist both from within and outside the business environment


How do you do a steeple analysis?

To conduct a STEEPLE analysis, you would assess the social, technological, economic, environmental, political, legal, and ethical factors that may impact a business or organization. This involves identifying key trends and events within each of these categories to understand the broader business environment. The analysis helps businesses anticipate challenges and opportunities and adapt their strategies accordingly.


What is meant by domestic business environment?

"Domestic" refers to business within a company's home country.