Buisness 100

Running head : BUSINESS SUMMARY credit telegraph line SummaryAuthorInstitutionBusiness SummaryThis is a summary of Chapters 1 and 2 . Chapter 1 is round `Understanding the U .S . Business System while Chapter 2 is about `Understanding the Environments of BusinessUnderstanding the U .S . Business SystemThe U .S . has a mixed market rescue that leans more on a market rather than a think economy . A market economy ope sets ground on the freedom of option while a planned economy involves authorities encumbrance . As a predominantly market economy , the U .S . is mainly affected by add and rent , offstage enterprisingness and competition . In the U .S , most government activity intervention commonly involves controls and regulations that check up on hearty competition since it usually expands or restricts the flow or supp ly of goods and operate to naturally or artificially enchant demand . Through the years , the U .S . has been at the avant-garde of the knowledge base economy . Prominent U .S . citizens analogous Eli Whitney and total light up Ford have introduced and perfected mass production techniques transforming the U .S . from an agricultural into an industrial economy . Moreover , the global and internet economies can also be mainly attributed to the innovations of U .S . citizens worry Bill Gates and Michael DellUnderstanding the Environments of BusinessBusinesses operate on a little and macro level . The micro-level usually pertains to the internal organization of an attempt .

retarda tion , the macro-level pertains to external ! factors that affect a transmission line much(prenominal) as the : a ) frugalal b ) technological c ) governmental and legal d socio-cultural and e ) business surrounds . The economic usually consists of various cycles and degrees of activities . It is usually measured through the offset rate , GDP and other econometrics . The technological is a major(ip) key to wealthiness generation and improvement of the quality of support . Major economic transformations are usually brought about by technological advancements much(prenominal) as in the invention of electric generators , machinery , computers and the Internet . Meanwhile the political and legal environments restrict or expand business activity by expressive style of government . The socio-cultural pertains to the neighborly conditions by which buyers and sellers live . Finally , the business environment pertains to the quickly changing conditions brought about by improvements in the way goods and services are produced , sold and boughtReferenceAuthor s Name here (2007 . rubric of Your Here . Page NumbersBusiness Summary PAGE 1...If you want to stimulate a full essay, order it on our website: OrderEssay.net

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