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Assignment on Business Environment (pdf)

   

Added on  2020-12-26

10 Pages2729 Words375 Views
Data Science and Big DataEnvironmental SciencePolitical Science
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BUSINESS ENVIRONMENT
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1a. Identify and describe the key macro issues in the business environment that are significantfor the ‘Travel & Leisure’ Sector...............................................................................................1b. Explain the potential impacts at micro level ..........................................................................3c. Describe any 2 challenges while carrying out the tasks ‘a’ and ‘b’ above..............................5CONCLUSION................................................................................................................................6REFERENCES ...............................................................................................................................7
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INTRODUCTIONBusiness environment is the amalgamation of internal and external factors that has aneffect on the enterprise's functionalities and operations to meet the customers' expectations byoptimising the resources and increasing productivity with profitability. This has diversifiedcomponents such as suppliers, owners, competition, government activities, economic and socialtrends and more. This assignment is based on understanding the interrelationships between thecritical issues prevailed in the marketplaces. Furthermore, it puts insights on the impacts of suchissues on the hotel sub sector which has seen enormous progression in terms of financial profitsand revenues generation. Lastly, it will include about along with challenges faced during theresearch study.MAIN BODYa. Identify and describe the key macro issues in the business environment that are significantfor the ‘Travel & Leisure’ SectorIn regard to this, Pestle Model has been employed to understand the issues of business atmacro level.1
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