Report On Business Environment Of Primark

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Added on 2020-01-28

Report On Business Environment Of Primark

Added on 2020-01-28

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BUSINESS ENVIRONMENT

Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Types of Organisation and purpose..................................................................................31.2 Extent to which PRIMARK meets the objectives of different stakeholders....................41.3 Responsibilities of the PRIMARK and strategies to meet them......................................5TASK 2............................................................................................................................................62.1 Distinct type of economic systems. .................................................................................62.2 Assessment of the Fiscal and Monetary policy................................................................62.3 Different Competition Policy in the UK..........................................................................7TASK 3............................................................................................................................................83.1 Pricing and output decisions in different types of market................................................83.2 Impact of market forces on the organisation..................................................................113.3 Business and Cultural Environments Shapes the behaviour of an organisation. ..........12TASK 4..........................................................................................................................................134.1 Significance of the international trade............................................................................134.2 Analysis of impact global factors on the UK organisation.............................................144.3 Impact of policies of the European Union on the UK business organisation.................15CONCLUSION .............................................................................................................................15REFERENCES..............................................................................................................................16

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INTRODUCTIONThis is a most needed part of any organisation to compose their business environmentpositive. An organisation has two types of environment which is internal and external.Businesses activities are effected by the environment and the management is playing a big role inmanaging the atmosphere of the organisation(Anand, and et. al., 2006.). On the one hand, themanagement and authorities have duties to spread a positive change in their business activities togenerate a healthy environment in their organisation. The external environment is having a hugeimpact on the trade and their exercise so they have to adopt these outer impacts in their workstyles and productions. The management and owner does not have a power to reduce theseeffects so they have to make changes in their trends and to make them better according to theexternal environment. The below present report is having content on the business environment ofthe PRIMARK, this is a UK based company and having affair in the clothing sector. They arehaving growth in the business, in 2000 they are having only 100 stores and now they are havingalmost 238 branches in the UK and across UK(Trkman, 2010.). This report is having discussionson the distinct type of organisation and their objectives and also on the different types ofeconomic systems to allocate their resources in between the co-operates. Different types ofmarkets and how they deal their trends in their markets. TASK 11.1 Types of Organisation and purpose.PRIMARK Stores LTD. is a retailer company in the clothings, housewares and cosmeticssectors, they are having suppliers which are making goods to sale out by the PRIMARK. This isa private company and they are having simple purpose to make profits by their businessactivities. This is a retailer company which is dealing in different sectors like; they are havingtrade in the clothings and they are mainly known for this. After this they are having sellingcosmetics and beauty products which is enlarging their field. Some another sectors are here withone example organisation to explain about their purpose:The Public Sector: NHS is a public sector organisation and it is a regulatory authority onhealth care sector(Johnson, Lenartowicz and Apud, 2006. ). It is a government fundedorganisation and they are having the main purpose to provide health by private health care

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organisation on a fair price. They are mainly focus on to provide customer satisfaction by theiracts. Charity: The Christina Noble Children's Foundation is a non governmentorganisation(NGO) in the London and they are working for children living with disabilities, theyare provide education and learnings for them. NGO is a having a single purpose to help andsupport those peoples who needs this actually(Kelliher, and Reinl, 2009.). They working for tomake better society and to help their peoples who are living with disabilities. Co-operative: Edinburgh Bicycle Co-operative is a cooperative company and they are aretailer company of bicycles in the UK. The cooperative company is a having a goal to meet thefinancial targets by their collective efforts of management, employers and employees. Thesecompanies are fulfilling the social, cultural and economic needs by their business activities. 1.2 Extent to which PRIMARK meets the objectives of different stakeholders.PRIMARK is having different types of stakeholders and the company is working forthem to meet their objectives by their business exercise and here they are;Customers:PRIMARK will make/produce excellent products that will meet the needs ofit's customers. PRIMARK is having trade in clothes, food and cosmetics and their customerwants that their products give them full satisfaction when they use it(Ullah, and Lai, 2011.). Acustomer wants a perfect fitting in their dresses so now this the duty of the company to maketheir clothes in better size which have exact fitting in human body. Suppliers: A supplier is having a single goal and objective to make their regularproductions and the company is having different types of suppliers for each types of products.They have target of production in a year sop this is a the responsibility of the PRIMARK to makesupport their suppliers to across their targets in a year so they have to make their regular sales viatheir outlets, retail stores and online portals. They have to make their consistent sales with theirdistribution centres so they are using distinct type of sales techniques to increase their sale andincrease the demand from their suppliers.Investors: PRIMARK is having huge structure and they are having more than 250 retailstores across the UK. They are having a giant investments in the outlets and also they are havingemployees to convey their practice in continue way so they are having investors and shareholdersto help out their business and their activities(Cantwell, Dunning and Lundan, 2010.). Aninvestors wants a respective return on their invested amount and this can be possible when the

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