Microeconomic Concepts and Brexit's Impact on Outdoor Toys Plc

BUSINESS ENVIRONMENT

TABLE OF CONTENT
 INTRODUCTION
 MAIN ARGUMENTS RELATED TO ARTICLE USING
MICROECONOMIC CONCEPTS
 REFERRING TO THEORY AND APPLYING IT TO THE MAIN ISSUES
 CONCLUSION
 REFERENCES

INTRODUCTION
 Business environment refers to the environment which includes all those factors that
used to affects the operations of the company and also includes the customers,
competitors etc.
 The current assignment is based on the Outdoor Toys Plc. Which is owned by James
Owen.
 The current report will outline the main arguments of the article by using the
microeconomic concepts and terms.
 Further the report will outline the theory on the two main issues that is demand and
supply and costs and production.

MAIN ARGUMENTS RELATED TO ARTICLE
USING MICROECONOMIC CONCEPTS
 Micro-economics is refers to the study of the individuals, households and the behaviour
of the firm in the decision- making and proper allocation of the resources.
 This concept is applied where the markets of goods and services deals with the
individuals and with the economic issues.
 The positive microeconomics makes the people to know about the economic behaviour
of the people in the market and their expectation from the changing condition.