BUSINESS ETHICS REVIEWER

Business Organization and their environment

- business organizations have different forms, the
common forms of business organizations are sole
proprietorship, partnership, corporation and cooperative.

Political Factors- The situation in country and the world

influence how businesses operation grow.
Economic Factors – Inflation Price level
Sociocultural Factors – People attitudes and behaviors
affects the functioning of the business.
Technological Factors - Technology is continuously
evolving and businesses need to keep abreast to remain
competitive.
Environmental Factors- Ecological factors like floods…
affect the operations of the business.
Demographic - Business can use demographics such as
gender, population size.. to identify target markets and to
determine product preferences and buying behaviors of
consumers.
Regulatory/Legal Factors - Costs of operations include
expenses in securing government permits and clearances.
Economic System - describe how a society distributes
resources to produce goods and services, with an
unlimited demand and limited
The Philippines competition art – created to protect
consumers and promoting competitive business.
The roles of Business Organizations in the Society
Developing and producing goods and services
Create employment opportunities
Contribute to the economic growth of the country

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