Business environment assignment 3

Unit 1: The Business Environment | Assignment 1 (P1, P2, P3, P4, M1, D1)

Strength of the company which increases the ability of competing more effectively than the competitors and to gain the competitive advantage. More or less product may be needed to match customer demand during different market seasons. In monetary policy the monetary authorities control the money supply by often varying the rate of interest.

There needs to be a boss who hires and fires, who has the respect of the employees and keeps the management in check. Thus, Iceland supermarket can acquire benefits like reduced or abolished selling tax and freedom from other restrictive fiscal measures.

New legislation can be made at a European Union, national or local level. Expansionary monetary policy ensures low interest rates and availability of credit. The business entity has to give importance to cultural aspects and for that each and every employee should be provided equal importance.

Governments play a major part in trying to stimulate employment. In that case Sri Lanka has to maintain good environment to do agriculture. Customers want to fulfill their demand, seek options, and get trust and mutual understanding in relationship while accessing the services.

Along with this it is also decided that economy will used labor intensive technology or capital intensive. Poor judgment could lead to a misinterpretation of market forces, either leaving customers empty handed as not enough product has been supplied, or leave their business overstocked as customers do not want the quantities supplied.

The market period is a very short period in which the supply is fixed, that is no adjustment can take place in supply conditions. Ruling bodies of UK changes the interest rates and this hampers different pricing decisions of organizations and according to the same, several changes needs to be made.

Unit 1 Business Environment Assignment Sample

Macroeconomic stabilization through institutional reforms and restructuring along with privatization are the main components of Transitional Economy. Monetary policy has effect not only on the business organization but also the entire economy.

New and attractive techniques needs should be utilized so that productivity of the business can be enhanced. This policy also affect the company and as well as the national economy in the form of less investment and also less employment.

Unit 1 – The Business Environment. Assignment 3 (P5, M2, P6, M3, D2)

It forecast future demand and accordingly purchases a product. Thus the purpose of the Bellymose shop is to serve the customers with its foods, and earn revenue by selling of the foods. A review of the empirical literature. Their Brand image in the marketing planning helps to gain trust of them.

The IKEA is the company dealing in the world class furniture and in increasing the customer satisfaction by providing the quality services and the products to its customers.

Technology These are known by the acronym PEST, and are a well-established group of factors that can impact not only UK business organizations, but also the economy of any sovereign state that takes part in international trade or the free market.

Discrimination as per the Equality Act is restricted on the grounds like recruitment, training. It takes pride for its effective relationship with their suppliers.Essay on Btec Business Level Three - Unit 1 - the Business Environment Assignment 1 BTEC National in Business Unit 1- The Business Environment Assignment 1 – Types of Businesses Task P1 The BBC is the largest broadcasting organisation in the world.

Business Environment Assignment Help from Professionals. Business environment is the sum of all the environmental factors that affect a business.

Sample on Business Environment

For instance, safety regulation is an external factor that affects the internal environment of business/5(). Its an assignment related to Business Environment by stoneage in Types > Presentations/5(6). ASSIGNMENT 3 BUSINESS ENVIRONMENT Table of contents.

INTRODUCTION AND BACKGROUND INFORMATION. A Business’s marketing and management strategies are affected a lot by factors surrounding the organization.

This study will focus on the external environmental factors that are related to a company like for growths, opportunities and threats.

Business Environment Assignment 3 Introduction Many businesses organise their staff in different ways and must have different structures in place to enable them to function properly, so employees know their place in the business and so the business is organised.

Assignment 3- The impact on the economic environment The economy An entire network of producers, distributors, and consumers of goods and services in a local, regional, or national community.

Download
Business environment assignment 3
Rated 5/5 based on 39 review