Describe the basic environments (legal, social, economic) in which a business operates.

• Business can be structured in many different ways and the approach chosen usually reflects the type of business operation. Discuss.
• Ethical principles contribute to good business operations. Discuss
• In the modern world Corporate Social Responsibility is of increasing importance. Why?
• Staring a new business may seem relatively easy but succeeding with a new business is not. Discuss.
• There is little difference between service and manufacturing business. Discuss.
Assignment Objectives: Describe the basic environments (legal, social, economic) in which a business operates.