AOS 2

Question 1

The business environment

Answer 1

The surrounding conditions in which the business operates, which can be divided into internal and external categories

Question 2

Micro environment

Answer 2

Business owners have SOME control over these factors:
     Employees
     Managers
     Location
     Legal business statements

Question 3

Macro environment

Answer 3

Business owners have LITTLE control over these factors:
Tech development
Societal attitude
Political & legal influences
Economic conditions
Global issues
Corporate social responsibility status

Question 4

Operating environment

Answer 4

Business owners have LITTLE control over these factors:
Suppliers
Competitors
Customers
Special interest groups (investors/people
promoting the company)

Question 5

Political and legal influences

Answer 5

Federal, state, local

Question 6

Federal influences

Answer 6

taxes, superannuation

Question 7

State influences

Answer 7

Employee entitlements

Question 8

Laws relating to new businesses

Answer 8

OH&S, food safety handling, trading hours,