Question

Impact of natural environment on business

Answer 1

Environmental Regulations

Regulating business activities is one way government agencies protect the environment. Businesses must meet certain standards that help to reduce any adverse effects a company's activities have on the environment. As a result, natural environmental factors, such as clean water and clean air, dictate how companies conduct their day-to-day operations.

Permit Requirements

Companies involved in activities that impact their surrounding environment typically have to file for operating permits through a local, state or federal government agency. Business permit requirements enable government agencies to regulate and keep track of business activities. These permits serve different purposes, some of which include setting minimal standards for any air emissions, dictating certain procedures for handling waste and hazardous materials and regulating how a company's day-to-day operations interact with nearby water supplies. In effect, natural environmental factors determine the types of operations a company can engage in within a particular locale or region.