,There are _ and _ influences on a business - CORRECT ANSWERS-- Internal
- External
(External influences)
There are 6 external influences on businesses - CORRECT ANSWERS-(Pestle)
- Political
- Economic
- Social
- Technological
- Legal
- Environmental
(Political)
There are currently 4 political issues that affects businesses - CORRECT ANSWERS--
Industry regulations
- Industrial relations
- Environmental management
- Taxation
Industry regulations factors: (4) - CORRECT ANSWERS-- Decentralisation of wage
determination
- Free trade policies and agreements
- Changes to skilled immigration policies
- Changes to penalty rates
Industrial relations factors: (4) - CORRECT ANSWERS-- Paid parental leave
- Gender workplace diversity - requirements to have women on Board of Directors
- Equal pay
- Equal employment opportunities
= Environmental management factors: (2) - CORRECT ANSWERS-- Environmental
regulations on businesses to reduce carbon emissions
- Banning plastic bags and other disposable products
Taxation factors: (3) - CORRECT ANSWERS-- Goods and services tax (GST)
- Company tax cuts
- Tax incentives to keep jobs within the country
Example of how a policy can affect a business - CORRECT ANSWERS-Free trade
policy
Free trade policies mean that barriers to trade are removed. One such barrier to free
trade is a tariff: a tax levied on imported goods. In recent years tariff rates have
generally been lowered, meaning that some businesses have been unable to compete
with the cheaper imported item and have gone out of business.
, There are three main institutions influences: - CORRECT ANSWERS-- Government
- Regulatory bodies
- Other
There are three tiers of Government: - CORRECT ANSWERS-- Federal
- State
- Local
Each level of government imposes a range of ... - CORRECT ANSWERS-Regulations
on businesses to standardise and protect their dealings with consumers and
competitors.
Federal government obligations: (3) - CORRECT ANSWERS-- Payment of taxes for
employees and businesses with company tax
- Provision of employee superannuation
- Observance of customs regulations
State government obligations: (3) - CORRECT ANSWERS-- Provision of employee
entitlements (workers comp, work health and safety requirements, Awards rates of pay)
- Abiding by relevant state legislation
- Abiding by pollution controls
Local government obligations: (3) - CORRECT ANSWERS-- Approving new
development and alternation to an existing building application
- Fire regulations
- Parking regulations
Examples of Regulatory bodies: (5) - CORRECT ANSWERS-- The NSW Environment
Protection Authority
- NSW Fair Trading
- The Australian Securities and Investments Commission
- The Australian Competition and Consumer Commission
- The Fair Work Commission
The NSW Environment Protection Authority role: (3) - CORRECT ANSWERS-- Primary
environmental regulator for NSW
- Aims to improve environmental performance and waste management for NSW through
a wide range of programs and initiatives.
- Offers advice and incentives to help businesses improve their environmental
performance.
NSW Fair Trading role: (2) - CORRECT ANSWERS-- Is the NSW consumer protection
agency
- Provides information and assistance to all consumers and business owners on areas
such as fair and ethical practices
- External
(External influences)
There are 6 external influences on businesses - CORRECT ANSWERS-(Pestle)
- Political
- Economic
- Social
- Technological
- Legal
- Environmental
(Political)
There are currently 4 political issues that affects businesses - CORRECT ANSWERS--
Industry regulations
- Industrial relations
- Environmental management
- Taxation
Industry regulations factors: (4) - CORRECT ANSWERS-- Decentralisation of wage
determination
- Free trade policies and agreements
- Changes to skilled immigration policies
- Changes to penalty rates
Industrial relations factors: (4) - CORRECT ANSWERS-- Paid parental leave
- Gender workplace diversity - requirements to have women on Board of Directors
- Equal pay
- Equal employment opportunities
= Environmental management factors: (2) - CORRECT ANSWERS-- Environmental
regulations on businesses to reduce carbon emissions
- Banning plastic bags and other disposable products
Taxation factors: (3) - CORRECT ANSWERS-- Goods and services tax (GST)
- Company tax cuts
- Tax incentives to keep jobs within the country
Example of how a policy can affect a business - CORRECT ANSWERS-Free trade
policy
Free trade policies mean that barriers to trade are removed. One such barrier to free
trade is a tariff: a tax levied on imported goods. In recent years tariff rates have
generally been lowered, meaning that some businesses have been unable to compete
with the cheaper imported item and have gone out of business.
, There are three main institutions influences: - CORRECT ANSWERS-- Government
- Regulatory bodies
- Other
There are three tiers of Government: - CORRECT ANSWERS-- Federal
- State
- Local
Each level of government imposes a range of ... - CORRECT ANSWERS-Regulations
on businesses to standardise and protect their dealings with consumers and
competitors.
Federal government obligations: (3) - CORRECT ANSWERS-- Payment of taxes for
employees and businesses with company tax
- Provision of employee superannuation
- Observance of customs regulations
State government obligations: (3) - CORRECT ANSWERS-- Provision of employee
entitlements (workers comp, work health and safety requirements, Awards rates of pay)
- Abiding by relevant state legislation
- Abiding by pollution controls
Local government obligations: (3) - CORRECT ANSWERS-- Approving new
development and alternation to an existing building application
- Fire regulations
- Parking regulations
Examples of Regulatory bodies: (5) - CORRECT ANSWERS-- The NSW Environment
Protection Authority
- NSW Fair Trading
- The Australian Securities and Investments Commission
- The Australian Competition and Consumer Commission
- The Fair Work Commission
The NSW Environment Protection Authority role: (3) - CORRECT ANSWERS-- Primary
environmental regulator for NSW
- Aims to improve environmental performance and waste management for NSW through
a wide range of programs and initiatives.
- Offers advice and incentives to help businesses improve their environmental
performance.
NSW Fair Trading role: (2) - CORRECT ANSWERS-- Is the NSW consumer protection
agency
- Provides information and assistance to all consumers and business owners on areas
such as fair and ethical practices
