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Example of a firm environment

What is a firm environment

a firm environment is a disciplined and a struggled environment where every person has got its own

responsibility to do the work efficiently and make the environment attractive,so that other faculty can

be encourage.

What are the different aspects and levels of the firms' environment?

the economic aspects: business enterprises being economic institutions are directly influenced by

many economic forces in its environment.

the legal-political Aspects:business firms operations are also much affected by legal and political

factors in their environment.(E.g.wage and employment laws,regulations on advertising,waster

disposal.

The technological aspects: technological development continuously occur throughout the world.

technological developments lead to new products and or new ways of making the same products

which can threaten pre-existing products sold by a firm.

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the social-cultural and demographic aspects: level of education, lifesyles, tastes and preferences,

age profile, size, and geographic distribution of the populations

what is the economic aspects of a environment 

The totality of economic factors, such as employment, income, inflation, interest

rates, productivity, and wealth, that influence the buying

behavior of consumers and institutions. 

Example of economic sales production

what is the legal-political Aspects

The basic understanding of the political legal environment is when the government implement's laws

and or regulations which effects the way a business operates.

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Example of a legal document

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what is the technological aspects 

Biometric technologies are still largely undergoing development and are not yet mature enough for

widespread use in society. Enrolment is the first and most important stage of any biometric application

since the overall efficiency, accuracy and usability of a system depends on this stage. Re-enrolment

during the life-cycle of an application is not only necessary because of natural and accidental changes to

biometric features, but also to ensure that the acquisition of the sample patterns is performed using state-of-the-art sensor technology. However, not enough large-scale trials exist to help draw conclusions on

enrolment procedures. Biometric sample or template storage and their protection are also very important

issues. Storing can be done in centralised databases or on portable media such as

smart cards. Next follow four technological concerns

Example High-tech gadgets

What is the social-cultural and demographic aspects 

Demography is the statistical study of human populations and sub-populations. It can be a very general

science that can be applied to any kind of dynamic human population, that is, one that changes over

time or space.From a business point of view the key areas of interest include the age structure of a

given population, its gender balance, its geographical distribution and the tendency for both the size and

structure of the population to change over time.

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 Example of a trained workers

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