KK1 The relationship between the internal and the external environment of a business

Question 1

What are Stakeholders

Answer 1

Any groups or individuals who has an interest in, or is affected by the activities of a business

Question 2

What are Types of Internal Environment

Answer 2

Employees
Legal Business Model
Type of Business Model
Business Location
Source of Fianance
Business Support Services

Question 3

External Environment (Operating)

Answer 3

Customers
Competition
Suppliers
Special interest groups

Question 4

What are the types of External Environment (Marco)

Answer 4

Corporate social responsibility
Global Issue
Economic Condition
Legal and Government Regulation
Societal Attitudes and behaviour
Technological Consideration

Question 5

Legal and Government Regulations

Answer 5

The laws or regulations made by parliaments and courts, which affect how business operate and behave.

Question 6

Societal attitudes and Behavior

Answer 6

The factors realting to changes in the attitudes, behaviour, tastes and lifestyles of communities on a local, national and international scale.

Question 7

Economic Conditions

Answer 7

The set of influence that relate to economic activity, including interest rate, wages, unemployment

Question 8

Technological Considerations

Answer 8

The issues realted to the growing use of tools , techniques or systems.

Question 9

Global Considerations

Answer 9

The pressure that arisee as a result of business operating in worldwide markets and competing on a global scale

Question 10

Coperate Social Responsibility considerations

Answer 10

The pressures on a business to take into account environemental considerations to ensure broader social wellfare.