Business Environment: Application of Microeconomic Concepts and Theories in Solving Issues Faced Due to Brexit

This presentation discusses the business environment and how microeconomic concepts and theories can help solve issues faced due to Brexit. It explains the main arguments of an article with the help of microeconomic concepts and terms, and applies theories to the main problem or issues. The conclusion emphasizes the importance of learning about the business environment for companies to survive in the market and lead to future growth of the nation’s economy.

Business Environment

Table of Content
 Introduction
 Explanation of main arguments of article with the help of microeconomic concepts and terms
 Application of theories in context to some main problem or issues
 Conclusion
 References

Introduction
 Business environment or atmosphere is
related to the aggregation of all macro and
micro elements which helps companies in
making the dynamic and uncertain
environment in nature. The business
operations, activities and profitability gets
impact due to the dynamic and uncertain
atmosphere in long run.

Explanation of main arguments of article with
the help of microeconomic concepts and terms
 After the decision of Brexit, the given article
“Trampoline prices 'to soar 50% on shipping
costs” exhibit the main problem that
companies have to face. Because of high
shipping cost, the first and most argument is
decision making about raising price of
trampolines in UK.

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 The second argument refers to hauliers have to cross
Welsh ports due to Brexit bureaucracy leads to
increase the prices of some items. The Chinese goods
and products demand rises all over the world because
of that it puts extra burden on present capacity of
shipping. For transporting big container with the help
of major world trade courses, the cost becomes
tripled than before.

Application of theories in context to main
problem or issues
 To solve the above issues which is faced due
to Brexit, application of some theories is
explained below:
 Demand and Supply: This is an economical
term which analyse the price of a commodity
in the marketplace, the cost of goods is
reflection of supply and demand.

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 Costs and Production: The cost and
production theory tells about that costs of any
goods and product and analyzed by total sum
of each and every costs which is related to
resources for manufacturing and producing.
The cost theory states that the costs of
organisation that extremely determine
addition of supply to spending.

Conclusion
 From the above presentation information, it is concluded that grasping information and
learning about the business environment helps companies is going to help them in
surviving in the market and leads to future growth of the nation’s economy. Economics is
related to the social science which includes manufacturing, distribution and consumption
of services and commodities.

References
 Nwani, C. and Adams, S., 2021. Environmental cost of natural resource rents based on production and
consumption inventories of carbon emissions: assessing the role of institutional quality. Resources Policy, 74,
p.102282.
 Schmidt, M. and Et. Al., 2019. Introduction of a cutting system for optimising the cutting of trampoline
components. In 100 Pioneers in Efficient Resource Management (pp. 486-489). Springer Spektrum,
Heidelberg.
 Wang, S. and Et. Al., 2019. Trajectory analysis for on-demand services: A survey focusing on spatial-temporal
demand and supply patterns. Transportation Research Part C: Emerging Technologies, 108, pp.74-99.

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