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.
Environment
List the characteristics of the environment as it
relates to the business (at least three each)
Briefly describe how the environment impacts the
business (at least four sentences each)
Social
1.
2.
3.
Technological
1.
2.
3.
Economic
1.
2.
3.
Legal
1.
2.
3.
Market
1.
2.
3.
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.
Environment
List the characteristics of the environment as it
relates to the business (at least three each)
Briefly describe how the environment impacts the
business (at least four sentences each)
Social
1.
2.
3.
Technological
1.
2.
3.
Economic
1.
2.
3.
Legal
1.
2.
3.
Market
1.
2.
3.
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.
