Outcome 2

Question 1

DOT POINT ONE

External Environment:

Answer 1

consists of all elements outside a business that may act as pressures or forces on operations of a business.

Question 2

DOT POINT ONE
External
Macro Environment:

Answer 2

broad conditions and trends in the economy and society within which a business operates.

Question 3

DOT POINT ONE
External
Operating Environment:

Answer 3

the specific outside stakeholders with whom the business interacts in conducting its business.

Question 4

Laws and regulations for business owners to consider:

Answer 4

• Taxation (GST, PAYG, company, payroll)
• Health regulations (OHS)
• Trade practises and fair trading

Question 5

DOT POINT TWO

What are the key legal and government regulations affecting business planning?

Answer 5

anti-discrimination
- business owners will need to be aware of federal and state laws surrounding the issue

work health and safety
- plan to meet the requirements set out in the acts and regulations in their state

taxation
- prepare a set of accounts (BAS, GST, PAYG)

Question 6

DOT POINT THREE

Societal attitudes & behaviour:

Answer 6

ideas, values and beliefs held by people in a particular society. These attitudes sometimes affect how people behave. Behaviour relates to the actions that express these ideas, values and beliefs.
ATTITUDES - ideas, values, beliefs held
BEHAVIOUR - action

Question 7

DOT POINT THREE

Values and Beliefs:

Answer 7

refer to the shared principles and morals of a group of people or society - what is good/bad, unnecessary/necessary
EG. response of coles to customer pressure over sustainable seafood

Question 8

DOT POINT THREE

Trends:

Answer 8

is the general direction in which people’s attitudes or behaviour in society is developing or changing.

Question 9

DOT POINT FOUR

Economic conditions:

Answer 9

refers to the many influences that relate to economic activity in the area.