Business: Basic Components Of An Attractive Business Climate

Business Questions Name: Course: Instructor: Date: Business Environment The environment is a business dimension. Business has got no influence over the environment but instead, can change according to the changes in the environment for its own good. An attractive business environment is characterized by; first positioning the business for an easy access of the growing market, secondly, a place for building its manufacturing plant or offices must be effective and cost-efficient at the same time and finally, shielding the company from political risks. The assessment of the factors that a fast food restaurant franchise would make is totally different from that of intense capital business such as pipeline company or oil refinery due to the above named characteristics. Looking at the first fact of positioning the business in the growing markets; a fast food restaurant must be positioned where there is a growing market, for ready customers. Unlike the fast food restaurant, an oil refinery business maybe positioned where there is source of crude oil and not directly with the market where the products would be sold. The transportation c...