U1AOS3 3A-3C Flashcards
(11 cards)
What is the external environment?
Factors outside a business that can affect its operations and over which the business has little to no control.
What are macro factors?
Broad external factors which businesses have no control over, including legal, social, economic, technological, global, and CSR influences.
What are operating factors?
External stakeholders that a business has some control over and interacts with directly, e.g. suppliers, customers, competitors.
What are legal and government regulations?
Laws and rules made by parliaments and courts to ensure businesses operate fairly and safely.
What are employment laws and regulations?
Rules governing the employer-employee relationship, including pay, working conditions, safety, and fairness.
What is environmental legislation?
Laws aimed at reducing the negative impact of business activities on the environment.
What are industry regulations?
Rules specific to particular industries, often involving permits, qualifications, and safety standards.
What are council regulations?
Local government rules about zoning, signage, waste, and building changes that businesses must follow.
What are taxation requirements?
Legal obligations to pay tax, including obtaining an ABN, TFN, and registering for GST.
What are societal attitudes?
Shared values, beliefs, and opinions in society that influence consumer expectations and behaviour.
What is societal behaviour?
How individuals act in certain situations, shaped by values and influencing their interactions with businesses.
