Business Proposal Coursework Example | Topics and Well Written Essays - 1000 words

Business Proposal - Coursework Example For this reason, there is always the need for a business to derive strategies by which it can rely on to adapt to the external environment. The factors in the external business environment play a big role in determining the operations of the internal functions. This is because; the business is expected to keep continually realigning its internal operations in order to remain relevant and effective. The external business environment is very dynamic; every day, new economic conditions always arise, legislations, competition strategies among other factors. This paper discusses the economic factors that affect the business in various ways; it focus on mobile phones, as the product that is traded most in many places for economic and social reasons. In addition, it examines the pricing approaches that are used in an imperfect market structure and the factors guiding the pricing in relation to demand patterns The economic factors in the business external business are hard to predict, for instance, the global recession has affected many businesses, making them look for various cost-saving and waste reduction approaches. While some businesses focus on ways to reduce their expenses and increase their, efficiencies, there are those that resolve to outsource functions in order to cut down on their costs. Businesses that effectively manage their external environment effectively end up becoming market leaders, with increased rates of turnover and profitability. There are different types of market structures that exist in an economy, these structures are determined by the types of products being sold, the number of buyers and sellers and their knowledge of the market among other factors. Monopolistic market structures are those characterized by a high competition between many large firms and individuals (Maurya 2008). This market structure is almost similar to a perfect competition only that here; there

Limited time quiz. 1 hour and 10 minutes Assignment

Limited time quiz. 1 hour and 10 minutes - Assignment Example The majority of its business is conducted online: Consumers purchase typically small quantities of products online and Plant Away coordinates the shipping from the most appropriate nursery. What unique problems might you anticipate it has in its supply chain? What might remedy these problems? (Points : 35) First, Plant Away will have an uphill task while transporting these products because of their nature. Seedlings can wither or die off if the transportation process is delayed, which is inevitable in an online business. Secondly, Plant Away will experience problems getting customers because of lack of trust. Not many customers can trust that purchasing a product online will land on their hands safely. They would rather buy what they can see physically. The other problem is concerned with cyber crime. If the company or its customers are not careful, money can be lost to cyber criminals or hackers. To remedy these problems, Plant Away may want to use agents to be selling the products from the side of the customers. Regarding lack of trust of online business, Plant and Away can invest in good customer relations and education to increase their confidence. Lastly cyber crime can be avoided by making sure all the security control checks are installed in their systems, and generally being c areful not to fall play of these crimes. Customers can be educated on the