Market Structures in United Kingdom - Report
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Added on 2020-01-23
Market Structures in United Kingdom - Report
Added on 2020-01-23
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BUSINESS ENVIRONMENT2
Table of ContentsIntroduction..........................................................................................................................................3Task 1....................................................................................................................................................31.1 Identify the purposes of different types of organizations..........................................................31.2 Explaining the level to which organization meets the objectives of its various stakeholders...41.3 Responsibilities of organization and strategies to complete them.............................................4Task 2....................................................................................................................................................52.1 Describing the economic systems that attempt to allocate the resources effectively................52.2 Assess the effect of fiscal and monetary policy on Iceland Supermarket and their actions......62.3 Evaluate the effect of rival policies as well as other regulatory mechanism on the activities offirm...................................................................................................................................................6Task 3....................................................................................................................................................73.1 Explain how market structures measures the pricing and output decisions of retail organisation......................................................................................................................................73.2 Explain the way in which market forces shape Iceland Supermarket responses using a range of examples......................................................................................................................................73.3 Measure how the business and cultural environments shape the behaviour of corporation......8Task 4....................................................................................................................................................84.1 Explain the significance of international trade to Iceland Supermarket....................................84.2 Determine the effect of global factors on Iceland Supermarket...............................................84.3 Evaluate the impact of policies of the European Union on Iceland Supermarket.....................9Conclusion............................................................................................................................................9References..........................................................................................................................................103
INTRODUCTIONBusiness environment is the mixture of intrinsic and extrinsic factors which impact thebusiness aspects like market growth, sales and purchase in the nation. It is an important process totake any type of decision for running the business of organization (Botha, Kourie and Snyman,2014). Iceland supermarket is a retail corporation which provides effective commodities to itsclients in United Kingdom and Ireland. The present file describes classification of types of firm inthe nation with their purposes. It also introduces various responsibilities of enterprise for employeesin the country. It defines economic system of Britain as well. Apart from that, it also explains theeffect of competition policy and other regulatory mechanisms on company. Last but not the least;report presents the pricing and output decisions of various market structures in United Kingdomalong with stating the global factors for Ice-land supermarket.TASK 11.1 Identify the purposes of different types of organizationsEvery kind of firm has a different purpose which depends on the nature of its business inUnited Kingdom. Private Organization- This type of organization does not contain any government in thecountry. Main objective of this firm is to generate profits rather than serving public in thenation. For example, Ice land Supermarket and KFC are the best examples of privatecompanies in UK.Public organization- In this type of firm, stake of government is higher than privateauthorities in the nation. The purpose of this organization is to serve people and to earnhigher income by giving equal importance on both factors in the nation (Hamilton andWebster, 2015). For example, British Airways is a good example of public enterprise inUnited Kingdom.Government Firms- It contains pure government structure in the nation. These organizationsare made for public service in the country (Wetherly and Otter, 2014). For example,Transport for London is a government firm which provides optimistic service to all citizensof London. Then after, organization earns profit in UK. Non government organization- These organizations give more concentration for publicservice like health and social service in UK. For example, Cancer research firm is the best4
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