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Introduction to Business Environment | Assignment

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Added on  2020-02-17

Introduction to Business Environment | Assignment

   Added on 2020-02-17

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Introduction to Business Environment | Assignment_1
Introduction to Business EnvironmentContentsThe difference between the various types of businesses and their purposes................................................3The extension where the objectives of the stakeholders are met..................................................................5The impact of the business environment on the activities of the organization.............................................7The impact of fiscal and monetary policy on the activities of business organizations.................................9The global and the regional factors affecting the business activities.........................................................11References.............................................................................................................................................18Page 2 of 19
Introduction to Business Environment | Assignment_2
Introduction to Business EnvironmentThe difference between the various types of businesses and their purposesThe different businesses are just like different stages of the business. It means that there are many types of business that can be found in the market. The goals and the objectives of the business are different according to their needs. The different types of businesses are big business,entrepreneurial and the small business. The difference among the three businesses can be elaborated by the following.The big businesses have bigger dreams and the span of the business is large than the othertwo businesses. The trade is done across the countries and the turnover of the business is more than a hundred million per year(Bassi et al., 2010).The entrepreneurial is the type of business where the management of the business always look to increase the span of the business. Entrepreneurial is basically a small business butit has more turnover than the small businesses. The turnover for this kind of business is more than 50 million per year.The small business is the kind of business that is mainly focused on small objectives and targets. It is to be said that this kind business is happy with the way of progression of the business. The management doesn’t have the insight vision to enlarge the business span. The turnover of this business is less than 50 million per year.The large businesses have their own processes and methods to do the trades. The processes they follow to do the business in the field are often followed by the other two businesses. It means that the large businesses set the paths for the other two types of businesses as far as the strategies of the businesses are concerned.Page 3 of 19
Introduction to Business Environment | Assignment_3
Introduction to Business EnvironmentEntrepreneurial is more likely to find the ways to do the businesses that are technically minded. It is to be said that this type of the business believes in inventing the new processes to deal with the customers and the stakeholders in the market.Small businesses are more likely to follow the existing rules that are already in the market. It means that the small businesses lack in the stage of uniqueness.The large scale businesses are more likely to move on from the old situation as quick as possible in order to find the profit.Entrepreneurial is the kind of business that follows the strategies of the large business. It can also move on from the existing situation in order to find the profit from the market. Itis so because entrepreneurial is a kind of business that always looks for the profit and growth.The small business doesn’t bother to leave the situation in order to find the profit in the business field. They take the business as the part of the community.The large businesses do things concerning the fact of profit only. The passion and the ethics are not the matters of concern for themThe entrepreneurial also does thing to gain profit only. It does thing according to the principals to get the profit.The small businesses in this stage go for the passions and the ethics of the business and inthe end of the day they find themselves in a position where they may not gain the profit out of the business.The large businesses have the intension to change the economic condition of the world with their products and servitude. It is their motive and target that can be achieved with huge organizational profit(D. A. Hadfield, 2013).Page 4 of 19
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