Case Study on Business Environment- Primark
15 Pages5160 Words252 Views
Added on 2019-12-18
Case Study on Business Environment- Primark
Added on 2019-12-18
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BUSINESS ENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Different types of organization availing in the market.........................................................11.2 Determining how Primark is able to acquire with the objectives of stakeholders................21.3 Explaining the responsibilities of Primark and there strategies............................................3TASK 2............................................................................................................................................42.1 Economic system of different countries................................................................................42.2 Impact of fiscal and monetary policy....................................................................................52.3 Identifying with the competition policy and regulatory mechanisms in UK........................6TASK 3............................................................................................................................................63.1 Determining how the pricing and output decisions in different market structures...............63.2 Determine how demand and supply shapes the organization ..............................................73.3 Determining how the business and cultural environment help in shaping the behaviour ofPrimark........................................................................................................................................8TASK 4............................................................................................................................................94.1 Significance of international trade to UK businesses...........................................................94.2 Impact of global factors on UK.............................................................................................94.3 Impact of policies of EU on UK businesses........................................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONTo develop and grow the business in the market it is highly important for the company tobe updated with the environmental situations so that they get the assistance to work in anefficient manner. Thus, it is been seen that internal as well as external factors have a great impacton the functioning of the company, so it is crucial to evaluate with all the updates availing in thepresent situation. Moreover, the strategies and policies of the company must be formulated as perthe current scenario of the market (Aras and Crowther, 2011). In this report the case study ofPrimark is been taken which is a leading fashion store which are serving with large number ofproducts to the customers. Further, it will cover with the major aims and objectives availing indifferent sector companies are been stated in an efficient manner. In addition to this, differenteconomic system are been determined which mainly includes the monetary and fiscal policy.Moreover, the structure followed by the company which help in stating with the decisionregarding the operations are been stated efficiently. At the end, the major issue faced by UK ininternational trading is been determined in the report.TASK 11.1 Different types of organization availing in the marketTo distribute the products in the market, there are various types of sector which areproviding with the products and services to the customers. Further, with each sector, they arehaving there own goals and objectives which help to develop with the company. Primark comesunder the public sector companies which is aligned with the British food industry. Thus, itselling with large number of products which includes clothings, confectionery, cosmetics etc.with higher quality to the customers. Thus, it can be segregated in the following sectors:Charity sector- It is mainly a non-profit organisation which are been established forensuring the welfare of the people. Thus, they serve with the product at adequate price sothat it is highly affordable to all the sections of the society (Brinkman, Navarro andHarper, 2014). In this sector, it mainly involves with different fields such as the educationand health sectors. Further, under this the best example to be stated is The British redcross which is serving with greater services for the welfare of the public.Public sector companies- Under this, they are mainly owned and managed by thegovernment. It means that they are possessing with the legal rights to take all the1
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