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Macro and Market factors within Airline industry

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  • Course
  • Business Management 1A (BUS1)
  • Institution
  • University Of Johannesburg (UJ)

There are many factors externally that affects the profitability of a business operating in a airline industry and these factors are beyond the control of the business

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Document information

  • May 8, 2023
  • 10
  • 2022/2023
  • Essay
  • Unknown
  • A+

Subjects

  • macro environment
  • market environment transportation industry

Written for

  • University of Johannesburg (UJ)
  • Business Management 1A (BUS1)
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TABLE OF CONTENTS




INTRODUCTION




INTRODUCTION TO BUSINESS SECTOR AND BUSINESS ENVIRONMENT

 PAGE 2-3



QUESTION 1

 PAGE 2-4



QUESTION 2

 PAGE 5-6



RECOMMENDATION AND CONCLUSIONS

 PAGE 8



BIOGRAPHY

 PAGE 9




1|Page

, INTRODUCTION

INTRODUCTION TO THE BUSINESS SECTOR AND BUSINESS ENVIRONMENT

(Openstax, n.d) states that businesses operates in a dynamic environment that has a direct impact
on how they operates and determines whether they will be able to achieve their profit making
objective.

There are three types of business sectors which businesses operates within and there is primary
sector, secondary sector and tertiary sector (Msmonline, 2021:1).A business sector is sub-division of
the economic activities such as primary, secondary and tertiary (Western Cape Government ,2020:
15).

Western Cape Government (2020:15) defines a primary sector as a sector that deals with the
extraction of raw materials and natural resources examples of businesses within this sector are:

1) Mining
2) Fishing
3) Agricultural
4) Forestry

Secondary sector deals with processing raw materials into finished goods while the tertiary sector
renders services (Western Cape Government, 2020:15).An example of businesses within this sector
are:

1) Manufacturing
2) Construction
3) Generation of electricity
4) Provision of Water

The tertiary sector refers to all businesses that offer services to other businesses and consumers it
includes:

1) Retailers
2) Wholesalers
3) Banks
4) Insurance
5) Transportation
6) Tourism
7) Hospitality

2|Page

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