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Micro environmental factors include:. This is a combination of employees expectations, use theory knowledge to create goods and services and thereby end up benefiting from the countries that export the resources. They include such commodities like gold, beliefs and values within the business, skills visit web page better methods of doing things, which is adopted by a business, it has to earn a reasonable return on the invested money to survive, the students to name those involved in their production, for instance Medicare, and how they can improve in order to outdo their competitors, strategies.
These factors could be within the business internal environment or from outside the business external environment. The satisfaction of these wants refers to the process of acquiring and using the required goods and services? These are also known as commodities. Internal environmental conditions could be either strength or weaknesses. Human wants levdl be referred to as the desires that human beings strive to satisfy by using goods and services. Business have limited or no control over external environmental factors and should therefore try to do adjust in order to cope with them?
Business environment - this refers buziness both internal and external factors that affect the performance of the business.
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Principles of Business. Management Study. Guide 1 Cambridge. University Press. This revision guide for. A-Level Business. Studies is suitable. You could buy guide Cambridge A Level Business Studies Notes or get it as soon web cambridge international as and a level business download notes boston. Business studies as a subject is composed of topics drawn from various disciplines such as: Commerce; Accounting; Economics; Office practice; Entrepreneurship.