HEY FRIENDZ...
GOOD WALA MORNING. WHAT'S UP..
HERE'S THE QUESTION ON BUSINESS...
Q. BUSINESS HAS INFLUENCED OUR LIVES BY MANY OTHER INSTITUTION IN MODERN SOCIETY SUCH AS SCHOOL COLLEGE ETC ,IT HAS MAJOR INFLUENCE ON OUR DAILY LIVES.
(PLEASE EXPLAIN THE ABOVE SENTENCE.)
Answers
Hey... mate.....
this line means business effected our lives... whether it is school or college business... it effected in our daily lives ...
Knowing how to successfully build a business from the ground up is a challenging task. Performance of the business can affect a number of issues, there may be some issues that are controllable like cost being too high or trying to reduce certain costs by finding new and creative ways for employees to work or having to lay off employees and so on. The main problems a business can suffer are the problems in which they cannot control. Businesses have to consider many external influences, how they may affect the company depending on the external influence and the type of business being ran.
- Here are some of the external influences that have been divided in different categories:
• Economic - has to do with changes in interest rates, inflation and economic growth and so on.
• Political - governments will often pass laws or pursue policies that can affect the way businesses operate.
• Social - people change and develop different views, wants and needs. A drive towards social awareness of the need for recycling or vegetarianism can affect different business in different ways.
• Technological - changes in technology can revolutionize the way a business works or leave it in a position where it will be difficult to survive. External Influences Level two business and economics.
hope it helps
Answer:
Above is the correct answer mate:)