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Business Economics Sample Assignment

   

Added on  2021-01-03

7 Pages1878 Words105 Views
ECONOMIC AND THE BUSINESS

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11. Impact the economy on business organisations..................................................................12. Apply economic theory to a range of contemporary business context...............................23. The micro and macro economic forces on contemporary business....................................3CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5

INTRODUCTIONEconomics and the business indicates towards matters in financial aspects that use thefinancial hypotheses and quantitative strategies to assist business structure (Bachmann, Elstnerand Sims, 2013). It empowers the supervisors and managers of association to analyse andquantify the execution of association. The report covers the concept of business economicsconcept in three sections. Impact of the economic changes upon HMV entertainment companyanalysed in first section. The economic theory related to business Micro and macro economicforces on contemporary business illustrated with particular business case scenario of HMVentertainment.MAIN BODY1. Impact the economy on business organisationsIt is essential for organizations to break down the economy state of nation so as to makecompelling technique for supportability. The economy of nation have extraordinary effect on theorganizations which are running in that nation (Schaltegger and Wagner, 2017). HMV theentertainment/music specialist, went into administration at the end of Christmas 2018. It reportedthat DVD sales over Christmas had fallen by 1/3rd compared to last year and overall its turnoverhad suffered from a disastrous November. It is evaluated that company had good image inentertainment business and considered as a music specialist in to administration. Selling anddistribution of DVD's is the main business that fallen form November 2017 due to huge politicaland economical changes in UK's economy. The impact of BREXIT on entertainment industry Impact of Brexit There were different huge personalties out which some of were supporting to thisprogression and some of were against this progression. BREXIT refers to the British exit fromEuropean Union in June, 2016 (Young, 2015). In any case, after the casting a ballot share rate atlast this exit has occurred. As this exit has had gigantic effects on the different divisions of nationand business was on of them. After this exit has begun this plan of giving nearly everything atGBP 1 so as to be maintainable in market. It is evaluated that the UK based broadcasters andproducers gained losses due new legislations and restrictions. Before Brexit the legislationsrelated to visual media and services are counted essential and licences with the member of states.1

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