Form 1 Business Studies online lessons on business and its environment
Give the ways in which business can interact with external environment to reduce its adverse effects.
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Explanation/Answer Text:
-Monitor changing demographic features.
-Adapt to changing technology and innovations
-Operate within various laws.
-Adapt to changing customers tastes and preferences.
-Establish good relationship with suppliers.
-Constantly analyses competitors strategies, products and actions.
-Take up social responsibility services seriously.
-Adapt ever changing cultural believes of society
-Adapt to changing technology and innovations
-Operate within various laws.
-Adapt to changing customers tastes and preferences.
-Establish good relationship with suppliers.
-Constantly analyses competitors strategies, products and actions.
-Take up social responsibility services seriously.
-Adapt ever changing cultural believes of society
Questions/Lessons List
1. Explain the different types of business activities. ( free lesson)
2. What are the reasons for the existence of businesses ( free lesson)
4. Explain external business environment giving examples ( free lesson)
5. Outline the negative effects of the internal business environment to the business. ( free lesson)
7. Explain the Ways in which external environment can negatively impact on a business ( free lesson)
