Elaborate the relationship between all the environmental factors with regards to international business.
Answer on Question #51746 - Management Elaborate the relationship between all the environmental factors with regards to international business
Industrial companies or manufacturing often work with different types of machines , equipment and chemicals producers of other contaminants. To reduce the likelihood of damage to the environment, federal and state regulations require that companies consider certain natural environmental factors in their general plans of operations . Companies must meet certain standards that help reduce the adverse effects of activities on the environment . As a result, the natural environmental factors such as clean water and air, define the way businesses conduct their day-to-day operations. Climatechange is an insidious threat because the pace of change may be recognisable only if considered on a decade-by-decade basis. The effect of climate change will not fall equally on all nations and all businesses. Businesses that depend directly on a good supply of water e.g. agriculture, field sports will be adversely effected if climate change results in reduced rainfall. However the flow on affects of drought will eventually work their way through to all businesses in the effected community. The weatherdepends on climate and season, and a business ofagriculture especially depends onthese factors. Distance, in spite of due to communicationtechnology and transport, the world is called a global village, even then it still remains a vital factor in trade and business. Distribution of population, resources and climate variation all bear on production cost, market and type of produce having impact on business. Thus, I consider that55% of influence on international business belongs to the natural environmental factors, 30% - to climate changes and 15% - to other environmental facts.