The process, which is called hydraulic fracturing, pumps fluid into a hole that has been drilled into the ground. The fluid, which is mostly sand and water, expands the access point and encourages the reserve to provide its content.
Certified Educator The external environment defines the opportunities and risks affecting a business. No business exists in a vacuum.
To take a somewhat intuitively obvious example, two elements of the external environment are seasons and weather. A clothing retailer should stock many warm coats, gloves, hats, and parkas in Minnesota but should focus more space on swimsuits and shorts in Florida.
Retailers must respond to seasons selling snowblowers in winter and air conditioners in summerholidays, and The external environment defines the opportunities and risks affecting a business.
Retailers must respond to seasons selling snowblowers in winter and air conditioners in summerholidays, and local preferences as well i.
Next, economic trends are part of the external environment. During economic downturns, people buy less expensive products, tend to repair older items instead of buying new ones, remodel instead of buying more expensive houses, and generally try to save money.
Thus in such periods, retail and service firms should focus on opportunities in repair, selling generic inexpensive goods and other items that help people save money, such as cars that get better gas mileage or energy-efficiency upgrades for homes.
Interest rates are an important external factor in business decisions.
If interest rates are low, it makes sense to borrow money and invest in expanding or innovating, but if interest rates are high, you may get a better return simply by sitting on a pile of cash that returns interest. Another important element of the external environment is politics.
Similarly, for outsourcing manufacturing, one must assess political risks and economic issues such as exchange rates and wage trends.List of Pros of Fracking. 1. Access to Alternative Source of Fuel.
The overwhelming supply of oil and gas may seem a negative aspect today, but there will come a time when these resources become scarce again.
Through fracking whatever shortage the world will experience will be resolved. Disadvantages of Fracking Being an extraction technique that affects the environment pretty much, hydraulic fracturing features a long list of disadvantages. 1.
Dec 31, · A much broader list of pros and cons of fracking can be found on 12 Pros and Cons of Fracking - AEN News. Views. Jessica Watson, works at Self-Employment. Answered Apr 9, Fracking is the process of exploring natural gas and oil by sending blasts of water, chemicals and sand beneath the surface of the earth.
What a great post! I came across this when writing my paper on how adopting wind energy can emerge a more sustainable future for China. I believe that the disadvantages of wind energy can be outweighed by the advantages of it.
Unemployment accounts for the part of the labor force willing to work at the current wage rate. The definition of unemployment may sound simple but its computation is equally difficult.
Various measures are devised to measure the same. In this article we have elucidated some such measures. Claimant Count. My Geography teacher has started an experiment which involves me writing about what I have learnt in my lessons and about any geographical news that interests me.