DDT dichlorodiphenyltrichloroethane Photo by: It is probably best known for its dual nature: The abbreviation DDT stands for dichlorodiphenyltrichloroethane. DDT was first produced in the laboratory in
Term Paper on Business Environment Article shared by: Meaning of Business Environment: A business organization does not exist in a vacuum.
It exists in a world of concrete places and things, natural resources, important abstractions and living persons. The sum of all these factors and forces is called the business environment. Although business environment constitutes both internal and external factors, yet external factors are included and studied under its purview because external factors are beyond the control of the firm whereas internal factors are controllable in nature.
It refers to those aspects of the surroundings of business enterprise and circumstances of business unit which affect or influence its activities and operations and decides its effectiveness.
Business environment may be defined as the set of Term paper on enviroment factors such as the economic factors, socio-cultural factors, government and legal factors, demographic factors and geophysical factors, which are uncontrollable in nature and affects the business decisions of a firm or company.
The environment of the business is always changing and uncertain. A few important definitions of business environment are as follows: Although there are many factors, the most important are socio-economic, technological, supplier, competitors and government.
Glueck and Lawrence R. These are essentially the givers within which firms and their managements must operate in a specific country and they vary, often greatly, from country to country.
This external environment represents a set of conditions, circumstances and influences that surround and affect the functioning of the organization. This environment is made up of many different individuals e. Objectives and Uses of the Study of Business Environment: Environmental analysis has three basic objectives: One must be aware of the existing environment, but one must also have a long term perspective.
It should bring fresh view-points into the organization. The benefits of environmental study may be specified as follows: Importance of the Study of Business Environment: The importance of the study is due to the following: The study of business environment helps an organization in developing its broad strategies and long term policies.
On the basis of these the organization can formulate its own counter strategies. Environment is dynamic in nature and in every changing i. The study of environment enables the organization to foresee the impact of socio-economic changes at the national and international level on its stability.
The business managers will be able to adjust themselves to the prevailing conditions and influence the environment as far as possible to make it congenial for the business.
Factors Influencing Business Environment: Basically there are two sets of factors which influence the business policy of an enterprise. These are external factors and internal factors.
The term business environment, generally, refers to external environment and includes factors which are outside the control of the enterprise. Some of the external factors have a direct and intimate impact on the business enterprise. These factors are classified as micro environment. There are other external factors which affect an industry.
They constitute what is called the Macro Environment.
The environment of business is always changing and it is uncertain. The business environment can be divided into two ways: A The micro environment of business and B The macro environment of business A.
The Micro Environment of Business: These forces are more closely linked with the business than the macro factors.The Government is committed to delivering a noticeable improvement in our water quality within five years. Term Paper # srmvision.comg of Business Environment: A business organization does not exist in a vacuum.
It exists in a world of concrete places and things, natural resources, important abstractions and living persons. Read this essay on Enviroment. Come browse our large digital warehouse of free sample essays. Get the knowledge you need in order to pass your classes and more.
Only at srmvision.com". Read National Geographic's latest stories about the environment. Environment International is a multi-disciplinary journal publishing high quality information in a wide range of environmental srmvision.com Plastic is material consisting of any of a wide range of synthetic or semi-synthetic organic compounds that are malleable and so can be molded into solid objects..
Plasticity is the general property of all materials which can deform irreversibly without breaking but, in the class of moldable polymers, this occurs to such a degree that their actual name derives from this specific ability.