For a small business to be successful, the study of environmental elements which are effecting it in every sphere of its growth is important.Majority of the environmental elements are external for a small scale business like social,legal,political,economical etc.,
SOCIAL Factors:- These include people's values,their attitudes towards product etc.,For example if you kept a junk food business in a health conscious society then the business will not survive for a long time.
Political factors:- The interaction of small business with local governments should be congenial such that you can get get subsidies and local funding
Legal factors:- The changes in drastic laws in a state have a long term effect.For example if labours laws are made stringent then the company may suffer.
Economic factors:- The state economic condition will affect a business as it affects majority of the population.For suppose if the state of economy is poor than the unemployement increases leading to decrease in demand
Thus these are the major factors which effect growth and profitability of small scale businesses
discuss the general environmental elements and explain how they affect the growth and profitability of small...
1. Explain how different amounts of current assets and current liabilities affect firms’ profitability. 2. Discuss how the cash conversion cycle is determined, how the cash budget is constructed, and how each is used in working capital management. 3. Explain how companies decide on the proper amount of each current asset—cash, marketable securities, accounts receivable, and inventory.
Explain microbial nutrition and discuss transport mechanisms, environmental factors that can influence growth, and methods to study microbial growth.
Environmental factors differ among Spar centre's in different cities Discuss how the environmental differences may affect marketing decisions? (30 marks)
Identify three environmental influences on microbial growth. How does each affect microbial distribution
Discuss how macroeconomic policies affect managing a business? Explain the importance of understanding the trends in the national economy. In your response, observe how the subject matter of this workshop has affected you and the business where you work (or a business with which you are familiar).
describe and discuss how environmental toxicants can affect the health of future infants and children, even before they conceive discuss with a specific example?(please search PubMed and Google Scholar for relevant articles, if necessary).
Discuss how political, economic, social, technological, legal and environmental factors would affect a financial advisor in their career? List examples of what would be considered political, economic, social, technological, legal and environmental factors.
Explain how environmental circumstances affect the design and implementation of a firm’s performance management system.
Discuss how external environmental trends (e.g. media trends, technology) affect the development of new/emerging products and services in food tourism destinations.
Discuss the elements of FOREX and describe what FOREX is. Explain why it is imperative that companies manage this and how would they do so. Please answer in as much detail as possible. I will kindly rate and comment! Thank you so much!