Business Environment: Macro-economic factors, UK growth rate, government intervention, and global challenges faced by Desklib

Business environment

Table of Contents
INTRODUCTION ..........................................................................................................................2
MAIN BODY...................................................................................................................................2
Macro-economic factors which needs to be considered by the company and the influence
which it makes on the business output...................................................................................2
In what ways UK current growth rate can impact on the chosen business............................3
How the government intervention can affect the business.....................................................4
Discuss the current global challenges which is faced by the company with its
recommendations as to how the business can overcome........................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
Books and Journals.................................................................................................................8
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INTRODUCTION
Business environment refers to the set of people, organisations and other forces which are
within the organization and are also outside the business which impacts the functioning of
business. Business environment is dynamic in nature which keeps on changing and because it
becomes very important to each company that they are making proper evaluation on the factors
which can impact the activities of a business(El Bousty and et. al., 2018). The management of
companies makes the investment on research so that they can make the evaluation of the factors
but with their there are certain factors which provides good opportunity for the business to
achieve success. When the companies makes the analysis of the opportunities then they can make
their first approach towards it which can be helpful in making the improvement of their
organizational performance. Virgin Holidays is a company which is owned by the Virgin Group
which was founded in the year 1985 and is having its headquarters in Crawley, England. They
offer people with different types of holidays and that too worldwide with the destinations. This
report will cover macro-economic factors which influences on the business outputs, how the
growth rate of UK will impact on business, how government intervention can impact and the
current global challenges faced by the business.
MAIN BODY
Macro-economic factors which needs to be considered by the company and the influence which
it makes on the business output
Macro-economic factor is the pattern or condition which has the relation with larger aspect of the
economy rather then the particular section of the population. These factors are considered to be
those which has a larger impact on the elements which exist in the economy. It is very important
for the businesses that they are making the evaluation and conducting proper research on the
factors which can make an impact on their business as this makes the influence on business by
making the alternation in fluctuations(Fadaki, Rahman and Chan, 2020). The other reason for
making the evaluation of macroeconomic factors is that the management can make the use of
their findings which is crucial for making the business decisions so that they can stay above
during the time of any economic shifts. There are some of the macro-economic factors which
makes an influence on the business sometimes directly or indirectly and those have been
discussed below in context with Virgin Holidays-
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