Business 2

Factors affecting operations &; performance of the business

The owner, business structure, business resources, marketing strategies & business culture

Economic, demographic,legal-political, competitive, physical,cultural and technological

<p>Saves time since fast. Goods produced r of high quality Proper management of business Production rate is high.</p> Signup and view all the answers

<p>Population size, population distribution, age &amp; gender and birth &amp; death rates</p> Signup and view all the answers

<p>Expensive to acquire modern technology,can create loss of employment,can cause losses if modern technology breaks and it requires new skills</p> Signup and view all the answers

<p>1)Political stability 2)Increased population 3)low competition 4)favourable climate 5) Appropriate technology 6)good planning 7)good business culture 8) good business structure</p> Signup and view all the answers

<p>Setting up realistic goals Employing qualified personel better decisions making and provision of adequate resources &amp; finance</p> Signup and view all the answers

<p>1)Stiff competition 2)Lack of market 3) political instability 4) Unfavorable climatic conditions 5)poor management policies 6) unskilled employees 7) inappropriate technology 8)poor decisions</p> Signup and view all the answers

<p>Generic is where products are used for same purpose while Enterprise is where firms are producing similar services</p> Signup and view all the answers

<p>Objectives are achieved</p> Signup and view all the answers