1. Learning aim A: Know how trends and the current business environment may impact on a business

2. Business Environment
Can be defined as a set of conditions that are uncontrollable and controllable which will affect the functioning of your business.
Business Environment has two Factors:
1. National factors (uncontrollable) 2. Local factors (controllable)
Not all factors may be relevant to your business

3. National Factors Political issues
Labour, Conservative and Democrats all have different views on business start ups, etc
Taxation
Different Rates for individuals/countries
Economy
Unemployment level,
inflation,
exchange rates,
costs of loans

4. Local Factors Location of business Resource requirements: Premises
Staff
Equipment
Location of suppliers
Competitors
Customers