Business Environments

The internal business environment consists of...

• factors that directly impact the organisation

• factors that influence the operations of the business

• factors that influence the wider environment in which the business operates

An example of an internal environmental factor is...

• Legal issues eg consumer law

• Suppliers

• Employees

• Competitors

Organisational culture is....

• The structure of the organisation - break down of roles and responsibilities

• The shared values, beliefs, expectations and attitudes of the people within the organisation (management and staff)

The external environment is made up of two layers.. True or False?

• False

• True

What is one factor of the external operating environment of a business?

• Customers

• Competitors

• Suppliers

• Interest Groups

• All of the above

An example of an interest group is...

• Trade Union

• Competitors

• Employees

The Macro Environment is the wider environment in which the business operates and does therefore not have any control over.

• True

• False

There are 5 main macro factors that will impact the success of a business.

• True

• False

Which is an example of a macro economic factor?

• interest rates

• research and development

• climate change