Global Business Environment and New Business Idea

BM461 GLOBAL BUSINESS
ENVIRONMENT

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Coursework 2a.............................................................................................................................3
Coursework 2b.............................................................................................................................4
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................1

INTRODUCTION
Global business environment refers to atmosphere of various independent countries where
the business enterprises sale good and service produce by the organisation to the potential
consumer (Hamilton and Webster,2018). It is essential for every business in order to strengthen
the economics of the world. The present report will provide the newspaper article on consumer
confidence. Along with that the study highlight discuss new business idea in email format.
MAIN BODY
Coursework 2a
Consumer confidence- the key economic indicators
Consumer confidence is the best indicator which reflect the aspects for the forthcoming
challenges and development. It includes the measurement of the consumer consumption and
saving of the individual (Otenko and Parkhomenko, 2019). In order to enhance the economic
value of the country in the future it is essential to boost the confidence of consumer to spend
money on product and services. Due to present situation of the world therefore the situation of
Covid-19 decrease the index of consumer confidence. As the people of the nation start
consuming essential product and services and become health conscious. The public started
spending on the e commerce business post Covid-19 in order to decrease the effect of virus. The
pandemic hit the market brutally but deliver profit to the online business unit. As per the current
situation e commerce business will lead the market in next 12 month. The people are now
depending on the technology and prefer to buy the thing from the online housing shopping
service. Along with that as per the index the manufacturing sector is increasing rapidly. So that
people are confidence enough to contribute in the economy by spending money in the
manufacturing sector. Earlier before this sector was decline by highest percentage as the people
shift toward the service sector but gradually this sector started increasing as the domestic demand
increasing. The production sector enhance their performance by delivering the better quality
worked and utilization of more skill workforce which deliver the satisfaction of the buyers. As
per the life cycle of the industry the manufacturing sector is on the growth stage where this
industry is growing and satisfying the consumers (Qiu,2020).
As per the GFK consumer confidence survey the household sector increasing in the united
kingdom. The economic policy provide support to the household sector after declining at the
time of pandemic which hit the market hard. Later on, this sector improve the financial position