These statements are the fundamental reasons for the existence of the organisation and aimed at needs-satisfying activities.
The external environment has a determine effect on the vision, mission & objectives of the enterprise, due to changes in this environment.2.1.2 The Business Functions The way in which the organisation is organised and departments are created according to functions, is determined by size and extent of the activities.
This environment can be regarded as an environment with three sets of variables - The Vision, Mission & Objectives of the business, its Business Functions and its Production Factors.
The environment is the sum total of all the factors and variables that occur internally in the organisation and are influenced in a direct or indirect way by the decisions of management.
**Content covered: ** P7 Explore how innovation and enterprise contribute to the success of a business.
M5 Analyse how successful the use of innovation and enterprise has been for a given business.The word Business in its economic sense means human activities like production, extraction or purchase or sales of goods that are performed for earning profits.On the other hand, the word ‘Environment’ refers to the aspects of surroundings.Since starting operations in Vietnam, Unilever Vietnam has continuously striven for business expansion, human The business environment is constantly changing as time goes by.There are several factors that affect the aspects of the business environment such as benefits, costs, and risks of conducting business.The essay covers all of the criteria required to achieve distinction as well as the correct structure and layout needed to reach those high grades.Just follow the content, it will save you time and help you effortlessly achieve distinctions.It has three elements: ironment/print/ 1/2 11/14/12 The Gemini Geek » What Is Business Env ironment?» Print (i) Economic Conditions of Public (ii) Economic Policies of the country (iii)Economic System (iv) Other Economic Factors: – Infrastructural Facilities, Banking, Insurance companies, money markets, capital markets etc.(2) Non-Economic Environment: - Following are included in non-economic environment:(i) Political Environment: - It affects different business units extensively.This essay cover Unit 1 Exploring Business - Assignment 2.