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

Running head : Business operating environment Name :University :Course :Tutor :Date :Business operating environment .Introduction Starting a new business is an undertaking that requires careful consideration of all the underlying factors for subsequent success .This is especially important as it entails investment from the entrepreneurs which is a major risk taking . Basic social , economic and legal requirements and impacts are thus very important for immediate and later flourishing of the established business .Business description Mail packaging and supplies business entails selling of services related to packaging and immediate distribution to the consumers . Also ,it involves interaction with different producers and manufacturers to sell the services to them . Besides , the entrepreneurs may have individual products which they package and then supply to the local retailers for sale to the consumers . To increase the business operation base , a general retails wing may also be opened for immediate local consumers . Immediate employees for packaging , consumer relations and distribution will act as the main operationalization team .Prospective customer base . The business orientation will have a national outlook with projections of growing to international levels . However , the major customers will be the light industries in the region and the local agricultural community which greatly requires these services . Besides , the national wide traders will also form a major pool of customers in the distribution section .Local competition Currently only two main mail packaging and supplies businesses are present in the region . Having been in the business for along period ,they have wide range of customers who trust…

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