Question

C&C SPORTS

Using following Components of Business Environment - Submit Write-up

Clients

Suppliers  

Competition  

Owners  

Improvements/Materials  

Laws & Government Activity (Including Taxes)

Market, Social & Economic Trends

Answer 1

Clients-

Clients means customer to with we have enter into contrcontof goods or suppsu of seevice in ordinary course of action and in return Clients or customer will give us considerconsi co in form money or any other assetsaor kind.

Supplier-

Supplier is entity from whom we are buying goods or services and pay for such goods or services. Supplier is our creditors. In short, we aarecustomer for supplier.

Competition -

In business term competition mean two or more businesses having identical nature of business or suppsu chain or prodprodic process or target customer, they competecwith each other to vain market share and prove their product or services are better than others. A healthyhcompetition is good for for the business in which customer get benefited bit some time business make cartal which is illigal for their benefit and customer loss money.

Owners-

Owners is a person or entity who invest their money in the business and take all key decision in the business for betterment and grogro of the business. At the same time owner is also responsible for all failure or downside in the business. In simple term we can say that owner take profit of business as well as loss. In company share holder is the owner through their share certificate and his liability is limited to the extend of unpaid share capital.

Improvements/Materials-

Materials is input used in manufacturing of goods. Materials is a one form of goods which is change after manufacturing into other form having other use and identity.

Laws & Government Activity (Including Taxes)-

Law-

Law is set of rule which is made by legislature of the country to regulater any particular sector or business from wrong doing. Law make responsible some one in the business for any wrong practice. Law create trust amoung the society.

Government Activity -

Government always try to create good healthy business environment in the country and provides easee of doing business. For that purpose government make policy and law.

Taxe-

Tax is compulsory extortion of mony by govgovernme under the provision of law. Tax is collected by government for running government and their several welefare schemesmade for public.

Market, Social & Economic Trends-

Market term used in economy as all sector in a economy conscons as one market.

Social and econecon trend is like drmogrpich structure, per capita income, GDP, Growth rate etc.