business environment Essay

Submitted By jamesgibson08
Words: 301
Pages: 2
Open Document
Seminar Reading 1a

Thank about it 1.12 page 33

What do you think is the biggest economic issue with which your government should deal?

I think the biggest economic issue our government should deal with is immigration. This is creating intolerable pressures on our public service, infrastructure and in effect our quality of life.

Is your choice an example of normative or positive economics? Why?

My choice is an example of normative economics because it is my opinion and what I think is right.

What is economics about? Is this different to what you thought it was about?

Economics is the ways in which choices are made within an economy. Economics is the study of production, distribution and consumption of wealth in human society. With an understanding of the economic environment managers are able to make more sense of the environment and therefore help them make better decisions for their business. This is different to what I thought economics is about because I believed economics was all about money and how money affects a business.

What is the difference between a normative statement and a positive statement?

A normative statement is something that they think is right so basically their opinion, where as a positive statement is something that can be tested to see if it’s correct.

Outline an economic argument that is normative in nature?

If a manager believes that they should invest more in a local community rather than pay profits to
Show More

Related Documents: business environment Essay

The Business Environment

The Business Environment Felecia F. Cook Bus 100 Professor Scarlett 01/29/13 Business plays a vital role in the economy through the provision and supply of goods and services for monetary gain. There would be no economy without business. Thriving businesses help to promote a high quality of living. The life of any nation’s economy depends on how they achieve wealth and how much wealth they achieve. Essentially, the health of a nation’s economy is dependent upon the results of doing business…

Words 894 - Pages 4

Environment Business Environment Essay

the field of business to maintain their survival and sustainability in the market. Therefore, the study of business environment is of atmost importance for the managers and practitioners. There are two more factors which are not included in definition and which exercise considerable influence on business. They are physical or natural environment and global environment. Therefore, we will study the following environmental factors one by one. • Global Environment • Natural Environment • Political…

Words 415 - Pages 2

Types Of Business Environment

Contents Business environment characteristics 2 Markets 2 TYPES OF MARKET 2 Economic trends 3 Relative growth and decline by sector 3 Relative growth/Decline of output by industrial sector 4 Decline of primary and secondary industries 4 Growth in service industries 5 Legal framework 5 Environment 5 Health and safety laws 5 Employment 5 Information handling 5 Planning regulation 5 Consumer protection 5 Competition 5 Advertising 6 Company laws 6 Role of Government in the Legal framework 6 Business…

Words 1303 - Pages 6

Business Environment Essay

Business is ever-changing and always growing. From the multinational corporations and other publicly traded companies that fuel the global stock markets, to the small business enterprises that are the staples of our communities. Business is moving at breakneck speed fueling the world economies, and shaping our societies. A business is any activity that provides goods and services in an effort to earn a profit, (McGowan 2012). It is the backbone of the economy providing the products, and services…

Words 1676 - Pages 7

Dynamic Business Environment

Chapter 1. Managing within the dynamic business environment Buisness: Any activity that seeks to provide goods and services to others while operating at a profit. Profit: The amount a business earns above and beyond what it spends for salaries and other expense. Entrepreneur: Aperson who risks time and money to start and manage a business. Business don’t just make money for entrepreneurs. Business provide all of us with necessities such as food, clothing, housing, medical care and transportation…

Words 4499 - Pages 18

Essay Business Environment

Unit 1 Business Organisation and Environment Edit 0 0 11… Business Organisation and Environment Revision Notes Table of Contents Business Organisation and Environment Revision Notes 1.1. Nature of Business Activity 1.2 Types of Organization 1.3 Organisational Objectives 1.4 Stakeholders 1.5 External Environment 1.6 Organisational Planning Tools 1.7 Growth and Evolution 1.9 Globalisation Higher Level Questions 1.1. Nature of Business Activity 1. What is a business in terms of inputs…

Words 4616 - Pages 19

Business Environment Essay

The Business Environment Introduction to Business 100 2/01/2013 The Business Environment is the role of the business in the economy; for-profit and nonprofit organizations, the impact of current fiscal and monetary policy, the strategy for accessing global markets and the impact of organization’s level of social responsibility on a stakeholder group. The role of a business in the economy is to provide goods and services in an exertion to earning profit. The profit would be the money the company…

Words 1154 - Pages 5

The Business Environment Essay

The Business Environment page1 The Business Environment Recardo Hawkins Michael Howard Intro to Business Strayer University November 4, 2012 The Business Environment 2 The role of business in the economy is to drive up the standard of living for people worldwide and contribute to a higher quality of life. Businesses are providing jobs for people who are in need of work, so they can provide for their families. Also, it’s a tool for businesses to invest in the communities they service…

Words 1084 - Pages 5

Business Environment Essay

The Business Environment Business 100058 The Business Environment Role of Business For centuries people have practiced the barter system, where they’ve traded goods and services to satisfy their needs. A business is the evolution of this process; it provides goods and services in a society to earn a profit by exchanging currency. The role of business in the economy contributes to a higher quality of life, bringing people, equipment and other resources together coordinating the production…

Words 1066 - Pages 5

Business Environment Essay

The Business environment The two types of business organisations I have decided to look in to and compare are The Co-operative and Cancer Research UK. The Co-operative is a national company, well-known all over the country. It is known for its all different types of services it has to offer, from food and retail to funeral care and financial services. It’s within the private business with the private sector, as it’s owned by different members of society but is there for public use. Also within…

Words 805 - Pages 4