Business Environment and Funding Options for Relocation of Fish and Chip Shop

Business

TABLE OF CONTENTS
Case study........................................................................................................................................1
Task 1...............................................................................................................................................1
A) Terminology business environment in the context of Local fish and chip shop...............1
b) Business Analytical model and circumstances of fish and chip shop................................1
c) Possible available funding options for relocation of shop.................................................3
REFERENCES................................................................................................................................4

Case study
Task 1
A) Terminology business environment in the context of Local fish and chip shop.
Business environment is analysed as combination of internal and external environmental
factors that affects a company's operating condition in market. It is also analysed as collection of
people, entities and other significant factors that may or may not be in control of organization. It
can provide influence on the performance, growth, survival and profitability (Fernando, 2011). It
is considered that every business enterprise operates in different environment because it will
exist in isolation. These type of environment will affect the business and also gets influenced by
the activities. As per the above given scenario, Fish and ship is also operating their business in
competitive business environment which had highly affected their business. There sales and
profitability has been decline due to increase in similar shops who are selling similar meals at
competitive prices. Other than this, there are some external factors like laws and legislation,
changing employment laws, supply of raw materials, increasing loan interest etc. Moreover, it is
difficult for fish shop to operate in this competition as they are not in strong financial position
and needs to apply some strategies to relocate their business. There are two business
environment such as micro and macro. Suppliers, employees, competitors and market
intermediaries are major factors that affects the operations of fish and chip shop.
b) Business Analytical model and circumstances of fish and chip shop.
As per the above given scenario, PESTLE analysis model is used to analyse the macro
environmental factors that have major impact on the business of fish and chip shop. It involves
some important factors that clearly provide understanding about the problems and issues faced
by company in external environment.
 Political: These are all about the influence of government interventions on the business.
It involves government policies, political stability or instability, tax policy, labour laws,
environmental laws and trade restrictions (Teece, 2010). According to case study,
Business of fish shop is also affected by government policies, increase in taxes, changing
employment laws, laws of business establishment near educational institutions and waste
management laws etc. Brexit is also an important factor that has changed the business
scenarios due to changes in trade legislation and created trade restrictions between
company its suppliers of raw materials.
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