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the economic aspects: business enterprises being economic institutions are directly influenced by many economic forces in its environment.
the legal-political Aspects:business firms operations are also much affected by legal and political factors in their environment.(E.g.wage and employment laws,regulations on advertising,waster disposal.
The technological aspects: technological development continuously occur throughout the world. technological developments lead to new products and or new ways of making the same products which can threaten pre-existing products sold by a firm.
the social-cultural and demographic aspects: level of education, lifesyles, tastes and preferences, age profile, size, and geographic distribution of the populations
What else can I help you with?
Why monopolistic competition in the short run making profit but in long run it would be break even?
In the short run a monopolistic firm can charge where MR=MC and that will be at a price that gains abnormal profits. They can do this in the short run because firms have a lag before they can be set up. But in the long run, the abnormal profits draw new firms into the industry and so this forces the firm to break even. Any profit at all- in theory- will draw in competitiors as there are limited barriers to entry.
What kind of companies make up the logging industry?
The logging industry is composed of various companies involved in harvesting timber from forests, such as logging companies, timber management firms, and forestry consulting businesses. Additionally, equipment manufacturers, transportation companies, and wood product manufacturers are also part of the industry.
What is an characteristic of oligoply?
An oligopoly is characterized by a market structure where a small number of large firms dominate the industry. These firms have substantial market power which allows them to influence prices and other market outcomes. Oligopolies often involve interdependence among firms, with decisions by one firm impacting the actions of others in the market.
What is Apples sales projection?
Apple does not publicly disclose specific future sales projections. However, analysts and market research firms may provide estimates based on various factors such as past performance, product launches, market trends, and economic conditions.
Are many multinational company headquarters in Luxembourg?
Yes, Luxembourg is home to the headquarters of several multinational companies, particularly due to its favorable tax environment and business-friendly regulations. The country attracts firms from various sectors, including finance, technology, and logistics. Its strategic location in Europe and strong infrastructure further enhance its appeal as a headquarters location for international businesses. However, while it hosts many regional offices, the number of actual corporate headquarters may not be as high as in larger economies.
What are the major elements of specific environment and how each elements impacts firms?
CUSTOMERS SUPPLIERS regulators competitors
What are the micro environment forces?
The company itself (including departments).SuppliersMarketing Channel Firms (intermediaries)Customer MarketsCompetitorsPublic
Discus and describe the elements of the external environment and how they can be used to determine the average expected profitability in an industry?
external environment is environment for businesses where customers from different places will come together in other to buy a particular product. Elements of external environment may be households,firms and the government.
What competitive environmental forces influence the firms strategy?
The competitive environmental forces influence the firms customers, rival firms, new entrants, substitutes, and supplies.
What is competitive environmental forces influence the firm's strategy?
In strategic planning, firms analyze the competitive environment in order to adapt to or influence the nature of competition. A general rule of thumb about this analysis is: The more power each of these forces has, the less profitable the industry will be. There are five forces: 1. Customers 2. Rival Firms 3. New Entrants 4. Substitutes 5. Suppliers
Can Socially Responsible firms survive in a Competitive environment?
Yes.
The general willingness of firms to produce and sell a product at various prices is?
The general willingness of firms to produce and sell a product at various prices is known as supply.
Where can one find information regarding environmental consulting firms?
Environmental consulting firms help companies continue their operations while respecting the environment. More information on these consulting firms is available directly from the firms themselves.
Practical problems firms face due to the changing business environment with regards to reward policies?
What are the practical and theoretical problems firms face due to the changing business environment with reguards to reward policies
Types of global business environment?
There are many types of business environments. these can include competitor, technological, supplier, and socio-economic. These are the different situations that a business will come up against.
How do you compare the organizational strucure and culture of two firms?
You can compare the organizational structure and culture of two firms by examining the various management styles and promotional structure of the two different firms.
How strong are competitive forces?
Competitive forces can vary in strength depending on factors such as the number of competitors, their market share, differentiation of products, and barriers to entry. In some industries, competitive forces can be intense, leading to price wars and increased rivalry among firms. In other industries, competitive forces may be weaker, allowing firms to maintain higher profitability.
