Business environment case studies with questions and answers

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It includes factors outside the firm which can lead to opportunities for or threats to the firm. The cooperation in organisations forming cartel may be in form of deciding prices and plans. Organisations may form open cartels known to general public or secret cartels not known to general public. The term demographics denotes characteristics such as age, income, education, asset ownership, home ownership, employment status, etc, of population in a area, district, country or in world. The economic environment refers to the general economic situation in the region and the factors like conditions in resource markets money market, manpower market, raw material components, services, supply markets and so on which influence the supply of inputs to the enterprise, their costs, quality, availability and reliability of supplies.

17 Short Questions and Answers on Business Environment

Environmental Analysis refers to understanding the external environment, in terms of the opportunities and threats, and the internal environment, in terms of the strengths and weaknesses, to ensure survival, stability, growth and profitability of any organization. A systematic approach to understanding the environment is the SWOT analysis. It is very important because, success of a company depends largely on how a company can synchronise its strategies with its environmental changes.

An opinion essay refers to the social value system of a population.

This model holds that the state of competition in an industry is the sum of competitive pressures operating in five areas of the overall market i.

17 Short Questions and Answers on Business Environment

Global Environment refers to the environment in other countries all over the world. Today, economies are open which means they are interacting with economies of other countries. Hence, globalization has become a very important business strategy. With our knowledge and experience, you can easily improve the chances of better grades.

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