Business Environment Of PRIMARK | Report
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Added on 2020-01-28
Business Environment Of PRIMARK | Report
Added on 2020-01-28
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Types of organisation and purpose.......................................................................................11.2 Objectives of different stakeholders .....................................................................................21.3 Responsibilities of PRIMARK..............................................................................................3TASK 2............................................................................................................................................32.1 Different types of economic systems....................................................................................32.2 Assessment of Fiscal and Monetary policy...........................................................................42.3 Competition policies and impact of business activities .......................................................5TASK 3............................................................................................................................................63.1 market structure determines the pricing and output decision of business.............................63.2 The way in which market forces shape organisational response..........................................73.3 business and culture environments shape the behaviour of selected organisation................7TASK 4............................................................................................................................................94.1 Significance of international trade to UK business organisation..........................................94.2 Impact of global factors on UK business organisational .....................................................94.3 Impact of policies of the European Union on UK business organisation .........................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness environment is the concept in which all the internal and external environment ofthe business is conducted which is the most need part of the business environment. PRIMARKis the company which deals with clothing retailers and food all over the country. This companydeals with children, men, women, foot wears, home ware and and also the accessories. Theenvironment which affects the functions of the company which includes supply and demand,employees and customers is know has business environment (Gharajedaghi, 2011). In the belowreport which contents about business environment of the PRIMARK which is UK basedcompany. This company as many stores and different branches in UK and cross the country also.TASK 11.1 Types of organisation and purposePRIMARK is a big retailer company which includes home ware, clothing, accessoriesand cosmetics these products are sold by different suppliers from the company. This company isprivate and makes profit in the business activities by using simple purposes which helps thebusiness (Osterwalder and Pigneur, 2010). This company is mainly know for its clothing tradedone in many different sectors and to enlarge the business it as also introduced the beauty andcosmetics products which will encourage the youth. There are many different purposes:a) The public sector: There are many public companies all over the world and TESCO isone of the public sector company which deals with home wares, electronics equipments,clothings and groceries online. This company also has a company in retail and its main purposeis to provide products at fair price and good services which attracts the customer's. For example,the purpose of this company is to maximize their sales and to attract large number of customers.b) Charity: Its an organisation which raises funds to teach the homeless people and giveshelter. So one of the organisation is The Christina Noble Children's Foundation which is a NGOin London and provide education to the homeless, disabled children's, youngsters (Bryman andBell, 2015). This organisation as a single purpose which is to support the people who really needthem and improve their living. The main purpose of this NGO is to support the society bymaking it better in the uplifting the disabled to work and leave. For example, the aim of thisorganisation is that to support those people who really need the food and to improve the life styleof poor people.1
c)Co-operative: Its a company which is run by the members who share the benefits andprofits jointly. Edinburgh Bicycle company is a cooperative company which deals which retailerof bicycle in UK. This companies goal is to meet the targets of financial by the collectivemanagement efforts, employees and employers. This company full fills the cultural, social andeconomic needs of the business activities (Werther Jr and Chandler, 2010). So this company is acooperative company.1.2 Objectives of different stakeholders PRIMARK is a company which as many stakeholders. Stakeholders can be internal of thebusiness which can be employees of the company. There are so many stakeholders in thiscompany. Customer: Every company works and produce products to satisfy the needs of thecustomer. PRIMARK do trading in food, cloths and cosmetics so the customers wants theproducts must full fill their needs when their use the product of this company. It is very clear thatevery person want the cloth or the dress should be of proper fitting and size so its theresponsibility of the company to manufacture the product according to the human body(Mehandjiev and Grefen, 2010). The objectives of the organisation toward the customers is thatto fulfil their requirements on time and to provide the high quality of services. Suppliers: Supplier means the party which supply's the product to different stores.Suppliers as a single goal and objectives so that the company can make regular production andthere are different types of suppliers for the every product. Its the responsibility of PRIMARKcompany to achieve the given targets so that the suppliers can succeed to sale the products at theoutlets, online portals, stores of retailer. Many techniques are used by this company to make theirconsistent sales with the centres of distributions, so the organisation is using them to increase thesales and to meet the demands of the suppliers which are increasing. Suppliers are the main partof the company which supply the products to different outlets according to the customersdemand in the market (Crane and Matten, 2007). The objectives of the supplier is that to producethe more products in a reasonable quantity. By supplying the more quantity of products it canalso open more stores in other countries. Investors: PRIMARK is a huge company which have 240 approx, stores in retail acrossthe UK. This company as outlets in which giant investors have employees to convey thepractices so that the investors and shareholders are connected to the company. Every investor2
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