Business Notes

Macro Environment Business has no control over factors of environment. 8 Uncontrollable factors 1) Political Environment oPolitical changes go forth regulate the way business performs its activities. Forces that business has to deal with: Government policies (BEE) / programmes to make headway economic growth (RDP- Reconstruction and development programme) Affirmative action Governments relationships with neighbouring countries Policies on gender equality. 2) Economic oEconomic condition will have an effect on purchasing power of consumers = fix in profitability. Forces that business has to deal with: Cost of labour Fluctuations in inflation directs; Interest rates; Exchange rates. plus/decrease in petrol price. 3) Social oDeals with issues that could be active the tribe and their lifestyles. Socio-Economic challenges: HIV/AIDS; Urbanisation; Unemployment; Crime; Poverty 4) Technological Two types of engineering science: ?Operations: Latest technologically-advanced machinery used to improve quality of products and rate of production. (Leads to unemployment as machinery replaces workers = Retrenchment.) ?Information: Use of computer, networking and computer-aided programs in the business.

(Helps with the processing and memory of data, internal/external communications, marketing and globalisation.) 5) Legal oLegal changes get the way a business runs its activities. oIncludes all the performance regulations (health regulations that bands smoking in public buildings) & Legal contracts. 6) Physical Business inescapably to be aware of the following physical factors that threaten the survival of the business: The control and impact of pollution Our limited natural resources (wood, water, energy, oil color ) Infrastructure of our country (Transport systems) 7) International oInternational changes will affect our countries economic development and growth which acknowledge our businesses. International forces include: Imports... If you want to get a full essay, order it on our website: Ordercustompaper.com

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