P4 Unit 1 Business Environment

Describe the rules and legal requirements surrounding copyright and plagiarism and explain the need for referencing and give details of the two different types and referencing. For this task I have chosen the topic of stokes. I will discuss the four ways researching

In this section of the report I will be analysing how business activities from each factor; political, legal and social, have impacted on two contrasting organisations. The two contrasting organisations I will be focusing on are Tesco's and Amazon.

| A trade union is an organisation that employees can join, where their rights and interests are discussed and protected. A trade

Give contests to the workers between each other and give points to the workers for whatever good things they have done and also must deduct points when they do not do well suppose for example when a worker keep absenting themselves must deduct points for every absence so the staffs will turn up every day and they will be motivated to turn up for work for everyday and put in such a way that that the staff who earns the most points will get rewarded with the most bonus and that will motivate the staffs to do good

A customer’s buying behaviour is also influenced by social factors, such as the groups to which the customer belongs and social status.

These are all about how and to what extent a government mediates in the economy. This can incorporate – government policy, political steadiness or precariousness in foreign markets, foreign trade policy, tax policy, labor law, environmental law, trade restrictions and so on.

Business owners need to have reliable service. It is important that the door is open for their customers, and that it is locked when the business is closed. It seems simple enough, but keys get lost or left behind. When a member of the business is scheduled to open the doors, and he is finds that he has lost his key, it is time to call the locksmith services company. They will be able to get to the business quickly, and get the door open. Time is important in business and it equates to money. The longer the doors are shut the less chance of making money. It is a good idea for a business to have a locksmith company on call for these types of emergencies. Each employee should have a list of emergencies numbers and a professional locksmith company's number should be included.

Subject: D1 Evaluate the impact of changes in the economic environment on a selected business.

Everyone has either had to tell a man to put the seat down or a woman to put the seat up or even had to touch the toilet seat while cleaning. Who would ever think that something so small could cause such conflict between men and women? However, this argument has been going on for years and now there is an answer for it. In the following business plan, you will read about a product that may be the answer to the ending the arguing and the touching of the toilet seat. I aim to attract the public by using three phases: establishing a professional team that can make a great product while ending the disagreements, experimenting/doing trials of the product, and finally creating a client base worldwide. There are many different job opportunities that

Demographic factors such as the size of young population and average first time parents and their age. When the young population increases, it increases the overall demand for the industry, and increase in the parents age indicates an increase in disposable income available to spend on their children.

Changes in external forces translate into changes in consumer demand for both consumer products and services. The company must prioritize to determined which factors may have the most impact and influence to the business. These factors are Political, economical, sociological environmental, and legal. Many of these factors are linked together. For example political, government legislation affect the economic factors (for example increasing the VAT). There are many models that can be used to analyze the external environment. LoNGPEST analysis examines the impact of each factor in local, national, and global aspect in the organization. It will help to where the company needs to focus and most important factors to have a sustainable and profitability in a long run(Hassanien, Dale, & Clarke, 2010; Johnson, Scholes, & Whittington). JD Wetherspoon LoNGPEST factors analysis illustrated in table format (see table 2.1). Identifying the key drivers for change is necessarily, this are the high impact factors likely to

Social factors refer in the trend of customer which keeps changing their trend, and what the trend of their purchase. For example nowadays due to people’s work, they are really busy so they often decide to buy already cooked food.

Economic factors include the operation in tourism and hospitality industry. Such factors can influence the expenses and revenues of the organisation that are working in tourism and hospitality industry. The prices of raw material, inflation rate and product prices also impact the industry. Exchange rates and rate of interest greatly influences the industry. The financial recessions all around the world has led to reduce the purchasing power of the tourists and customers. Thus, therefore, the overall revenues generated from tourism and hospitality industry impacts the financial

Technological - how the rapid pace of change in production processes and product innovation affect a business.

Economic factors the main impact every product and service is inflation. When there is inflation it has a ripple effect on all products and services. As a result companies incur an increase in their cost of production, and that leads to an increase in retail and wholesale prices. This can decrease the consumer buying