Business

BUSINESS ENVIRONMENT note environs mainly refers to external forces that seismic disturbance business. Such forces include political-legal ,technological ,cultural ,economic and physical. Factors under extraneous Environment All the factors that provides opportunities or pose threats to an organization make up its external environment. ?demographic ENVIRONMENT ?SOCIAL ENVIRONMENT ?CULTURAL ENVIRONMENT ?POLITICAL ENVIRONMENT ?ECONOMIC ENVIRONMENT ?FINANCIAL ENVIRONMENT ? duty ENVIRONMENT ?TECHNOLOGICAL ENVIRONMENT ?LEGAL ENVIRONMENT ?REGULATORY ENVIRONMENT ?TAX ENVIRONMENT ?ETHICAL ENVIRONMENT External environment consists of 1. Micro Environment 2. Macro Environment 1.Micro Environment ?Micro environment is called as the task environment and operate environment. ?Micro environment forces have a direct guardianship of the operation of the firm. ?These factors are present in companies environment and hazard on the performance of the companies. ?Includes ? suppliers ,marketing intermediaries .competitors, nodes and public. Micro environment are much intimately linked to company than macro. Suppliers : oThose who supply inputs, sore corporeal and components oUncertainty in supply compels high instrument cost.

oIndia maintains stocks of 3 to 4 months were as Japan maintains for fewer hours. oEg : Nirma ?believes of the logic that captive production plant for raw material is best for cost control.(backward integration) oCo whole step outsourcing is more beneficial oRisk to depend on wiz supplier oGlobally companies are resorting to partenering relationship marketing. Customers: oBusiness exists because of customers oMonitoring customers sensitivity is perquisite oThe choice of customer by the firm can be on a.Relative profitability b.Dependability c.stableness of demand d.Growth prospects oToday customer is global customer as exposed to global products. ... If you want to get a full essay, order it on our website: Ordercustompaper.com

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