Impact of Fiscal and Monetary Policies

Business Environment
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TABLE OF CONTENTS
INTRODUCTION................................................................................................................................3
SECTION 1..........................................................................................................................................3
Q1. Purposes of diverse organizations.............................................................................................3
Q2. Key stakeholders of Next PLC.................................................................................................4
Q3. Responsibilities of an organization...........................................................................................4
Q4. Impact of economic system......................................................................................................5
Q.5 Impact of fiscal and monetary policy........................................................................................5
Q6. Impact of competition policy....................................................................................................6
Q7. Impact of market structure........................................................................................................6
Q8. Market forces on organisation...................................................................................................7
Q9. Pestle analysis...........................................................................................................................7
CONCLUSION....................................................................................................................................8
REFERENCES.....................................................................................................................................9
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INTRODUCTION
Business environment is the combination of diverse factors which can influence the operational
activities. Classification of factors can be people, resources, media, governance regulation, economy,
culture and other social values that relates with the business. In support of this, it can be stated that
business operations can be influenced due to diverse internal and external factors (Binh, 2010). In
order to have better understanding regarding business environment concept, learning will focus on
work culture of Next PLC. It will explore the key motives of diverse business organizations that would
operate the activities with different nature. Learning will also focus on the strategies which can be
adopted by business firms in order to meet the objectives. Furthermore, it will also have spot light on
the impact of fiscal and monetary policies.
SECTION 1
Q1. Purposes of diverse organizations
It has been spotted that there are number of organizations that operate in the international
market and every business firm has different nature. Classification of organizations can be like private,
governmental and charity. In support of this, it can be said that all these kinds of organizations have
their own mission and vision.
 Public sector: Public sector firms are mostly considered as business firms that perform various
activities with respect to national security (Casile, 2012). Key motive of these kinds of
organization is to provide employment opportunities to citizens.
 Private sector: Key motive of private sector companies is to attain better profit and to
accomplish the growth opportunities within sector. They also focus on effective use of diverse
resources and activities which facilitates in meeting the expectations of stakeholders.
 Partnership organization: Partnership organization is considered as the firm which focuses on
collaborative working with two or more parties in order to overcome the issues and to explore
better opportunities within industry (Ho, 2012). It also provides ability to utilize limited
liability and to share skills with diverse individuals that belongs to different cultures.
 Charitable organizations: Moreover, it has been spotted that the charitable organizations are
referred as authority that works in order to promote social aspects within environment.
Next PLC is considered as a private organization by nature and its key motive is to earn more
profit. Company provides wide range of retail products to UK citizens and efforts to accomplish the
growth opportunities within sector (Malhotra, 2010). Company focuses on providing premium quality
of products. Production and other operational activities have effective consideration of all legal
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