Report On Primark - Business Environment | Economic Systems

Added on -2020-02-17

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BUSINESS ENVIRONMENT
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Introduction to Primark.........................................................................................................11.2 Stakeholders of Primark and meeting their objectives..........................................................21.3 Responsibilities of Primark...................................................................................................3TASK 2............................................................................................................................................42.1 Economic Systems of different countries.............................................................................42.2 Impact of Fiscal and Monetary Policy..................................................................................52.3 Competition Policies in UK..................................................................................................6TASK 3............................................................................................................................................73.1 Pricing and Output decisions of different market structure..................................................73.2 Ways in which Market forces shape organizational responses.............................................73.3 Business and Cultural environment of Primark..................................................................10TASK 4..........................................................................................................................................104.1 Significance of International Trade to UK market..............................................................104.2 Impact of global Factors on UK business organization......................................................113.3 Impact of EU Policies on UK business organizations........................................................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
INTRODUCTIONA business environment is constituted from the set of conditions in which a business isoperating, and such conditions can be in terms of economic, political, social or institutional.Hence, is can be termed as aggregate of all these varied conditions, which have the capacity toinfluence the operations of a business enterprise directly or indirectly. In the present globalisedeconomy a highly vital role is played by these factors in determining the operations of acompany. It is important to understand that a business environment is encompassed of bothinternal as well as external environment. In order to operate in an effective manner it is crucialfor a corporate to understand and assess the internal as well as external environment. This shallfurther enables the management to develop strategies in accordance to the prevailing trends andforces in market. In pursuance to this the present study purports to understand the internal as wellas external environment in relation to Primark. The study shall discuss different economicsystems and prevailing market forces in respective markets. Lastly, it shall illustrate thesignificance of Brexit to the market of UK and various factors which impact the internationaltrade in relation to business organizations. TASK 11.1 Introduction to PrimarkPrimark is a Private Limited Company which is engaged in operations related to clothing.It is a retail company which exists in the fashion industry. In the year 2012 it marked its presencein the countries of UK, Ireland and Europe with around 238 branches and is known for itsinnovative strategies and fashion driven products. With the assistance of this knowledge andinformation it is able to develop goods which are completely in accordance to the specifications(Primark, 2016). The rationale behind the success of the company is the expertise with whichthe management understands the needs of its customers as well as its suppliers. Owing to itsnature of a private company all the shareholders have limited liability in the company. Moreover,the shares of these entities is held by only private persons and cannot be offered to public ingeneral. a)The different forms of organizations which exist in the market in accordance tolaw are:1

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