Environmental Factors Flashcards
1
Q
What are environmental factors?
A
- How your business interacts with the environment.
- All companies are responsible for the environment.
2
Q
What are the three things to consider in terms of environmental factors?
A
- Resource (what it is)
- Limitations (What are its drawbacks?)
- Alternatives (what are more efficient alternatives?)
3
Q
What is the major factor which impacts on the environment?
A
Location of business.
4
Q
What is the result of efficiency?
A
MORE MONEY
Input –> Time/energy/materials –> outut
