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BMP3002 Business in Practice

   

Added on  2022-12-01

8 Pages403 Words72 Views
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BMP3002 Business in
Practice
BMP3002 Business in Practice_1

INTRODUCTION
Business environment is
the internal and external
factors which affect the
company’s operations.
ASDA is the chosen
organization which
provides retail option of
various products.
BMP3002 Business in Practice_2

External Factors
Political- Changing governmental policies like COVID-19
lockdown has been followed by company and has to face
high customer loss.
Economical- Product prices has to be reduced to attract
new customers and loyalty of existing, due to which profit
margin is reduced (Karami and et.al, 2020).
Social- Trendy products has to be provided, through which
customers can be ensured that they are able to achieve
trendy products, which fulfil their requirement.
Technological- ASDA has implemented technological
advancement within daily operations and has implemented
options like home delivery and data monitoring.
BMP3002 Business in Practice_3

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