Business Environment and its Impact on Virgin Holiday Company

Business Environment

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Explain two macro- economic factors that your chosen business will need to consider and the
influences these could have on its business outputs (macro-economic factors e.g., economic
output, unemployment rates, inflation,). ...................................................................................3
How will the UK current growth rate impact on your chosen business (give reference to
economic life cycle, GDP, inflation, unemployment rate) .........................................................4
How can the government current intervention methods affect your chosen business? (e.g.,
fiscal and monetary policies, furlough scheme etc). ..................................................................6
What are the current global challenges facing by the chosen business and recommendations
on how to overcome them in this current time? ........................................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
The business environment is made through all the external and internal factors which
affect the functions of business organization in one way or other. Like workers, suppliers,
technology change, social change, global market competition, government, changes in economy
environment and many more. This will assist to find the opportunities of business in different
commercial area. Also assist in making strategies of the business framework for achieving the
goal with raising the growth and development of the enterprise. The environment of business
will also helps to maintain company's performance and will maximize profit. The business
environment is categorized in two types, this is Macro and Micro environment. The Macro
economics is being defined in parts of economics which performs the aggregate study of
economy in the country, which is GDP, national income, inflation, unemployment, etc. this is
basically concentrates on overall economical state in the country(Wronka, 2021). The variations
is evaluated in the trends of economy and how these fiscal and monetary policies impact on the
growth of the nation. In the above case study there is Virgin holiday company which established
in year 1985 as the service provider. This deals with rendering the package of holiday to
customers for the different destinations for holiday around the world. In furtherance, the report
gives overview for the growth rate of United Kingdom in recent time and how these government
policies and the norms affect activities of the business in an organisation. This is also evaluating
the challenges in global which goes with company and recommendations for same.
MAIN BODY
Explain two macro- economic factors that your chosen business will need to consider and
the influences these could have on its business outputs (macro-economic factors e.g.,
economic output, unemployment rates, inflation,).
The consequences of different elements of macro economics will sometime
results rise and fall of the states economy. This is uncontrollable on some point of time which
will be controlled through government in a particular country. This will identify the exact
position of economic condition of country, this happen weather it fluctuates or stagnate. This will
have different factors which influence the soundness of a financial prospective for the country.
This will also impact on monetary and situation of geopolitical. As the terms of virgin holiday
company, there are many elements which have impact on the business output of the enterprise-