This assignment allows you to
demonstrate the following outcomes:
2.
Examine the different environments in which businesses operate, to include
social, technological, economic, legal, and market environments.
2.1
Describe how different environments impact a business.
2.2
List the characteristics of different environments as they relate to a
business.
Instructions: The purpose of this assignment is
to examine the different environments in which businesses operate. Read each
set of instructions before completing the three exercises. Then, save all of
your work to this template and submit it in Blackboard for grading.
Exercise 1: The table below contains cells
where you can insert the elements for each type of environment: (a) the
characteristics of the environment as it relates to the business and (b) a
description about how the environment impacts the business. For Exercise 1,
your answers should focus on the following type of business: a retail business with clothing and other
apparel.
In your own words, complete the table below by inserting the appropriate elements.
Exercise 2: This exercise is similar to Exercise
1, however, your answers will now focus on a different type of business: an electronics manufacturing business.
In your own words, complete the
table below by inserting the appropriate elements.
Exercise 3: The purpose of this exercise is
for you to reflect upon your observations after completing the first two
exercises. What did you notice about the different environments and how they
impact a particular type of business? After completing this assignment, what could
you, as a business manager or entrepreneur, take away and apply to a job? Your
response must be at least 200 words in length.