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BUSINESS ENVIRONMENT INTRODUCTION 1 TASK 11 1.1 The type of organisation Primark meets the various stakeholders

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Added on  2020-01-28

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BUSINESS ENVIRONMENT INTRODUCTION 1 TASK 11 1.1 Determine what type of organisation is Primark and its purpose 1 1.2 Level at which Primark meet the objectives of its various stakeholders 2 1.3 Responsibilities of Primark and strategies employed to meet them3 TASK 25 2.1 Different economy system 5 2.2 Impact of fiscal and monetary policy 6 2.3 Different competition policy and its impact on the activities of company 7 TASK 37 3.1 Pricing and output decisions of businessindifferentmarket structures:7 3.2 Shaping of organisational responses by

BUSINESS ENVIRONMENT INTRODUCTION 1 TASK 11 1.1 The type of organisation Primark meets the various stakeholders

   Added on 2020-01-28

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BUSINESS ENVIRONMENT
BUSINESS ENVIRONMENT INTRODUCTION 1 TASK 11 1.1 The type of organisation Primark meets the various stakeholders_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Determine what type of organisation is Primark and its purpose.....................................11.2 Level at which Primark meet the objectives of its various stakeholders..........................21.3 Responsibilities of Primark and strategies employed to meet them.................................3TASK 2............................................................................................................................................52.1 Different economy system................................................................................................52.2 Impact of fiscal and monetary policy...............................................................................62.3 Different competition policy and its impact on the activities of company.......................7TASK 3............................................................................................................................................73.1 Pricing and output decisions of business in different market structures: ........................73.2 Shaping of organisational responses by market forces:...................................................83.3 The business and cultural environment role in shaping the behaviour of Primark:.......10TASK 4..........................................................................................................................................114.1 Significance of international trade to UK business........................................................114.2 Impact of global factors on UK business......................................................................124.3 The impact of European union policies on UK business environment:.........................12Conclusion.....................................................................................................................................13REFERENCES ............................................................................................................................15
BUSINESS ENVIRONMENT INTRODUCTION 1 TASK 11 1.1 The type of organisation Primark meets the various stakeholders_2
INTRODUCTIONBusiness environment can be influenced by external factors as well as internal also.These can affect the enterprise directly or indirectly. Some elements are controlled by theorganisation but many of them are uncontrollable such as tax rate, inflation etc. These can alsoaffect the production of the company. It also covers customers, government, suppliers, culturaletc. if business understand the environmental factors very well then it will help them to buildtheir reputation in the market. They can also compete their competitors and enhance their profits.It will help them to know the market conditions. The purpose of this report is to identify theobjectives of stakeholders in Primark. They can make strategies to achieve the desired goals andobjectives (Adeoye and Elegunde, 2012). Company use various types of resources in theirproduction so that they can develop products and services in an effective manner. They alsoanalyse their competitors in the marketplace so that they can compete them. Primark decide theirpricing policy appropriately which will help them to attract more customers towards them. It isnecessary to assess the culture that will aid them in their production system. It is necessary todetermine the impact of global market so that company can make policies to eliminate it. TASK 11.1 Determine what type of organisation is Primark and its purposePrimark is a retail company and doing their business in various countries such as UK,Spain as well as Italy also. Its headquarter in located at Dublin. This organisation is a secondaryof Associated British Foods. It produces different type of products like home wear, beautycreations, cloths for men, women, child and stylish accessories. They have strong brand in themarket which will help them to take competitive advantage from their competitors (Agarwal,Grassl and Pahl, 2012). Product prices of Primark is reasonable compare to other brands whichare varied in the same category. They also sell their goods by using online sites such asAmazon.com etc.Company provide products and services of best quality to their customers at reasonableprices. Their main aim is to achieve more clients so that they can enhance their profits. There aresome important objectives of Primark which are described as below:Company provide goods to the people at lower prices and also maintain quality so thatthey can afford.1
BUSINESS ENVIRONMENT INTRODUCTION 1 TASK 11 1.1 The type of organisation Primark meets the various stakeholders_3
Prices of their products and services are lower compare to their competitors which willhelp them to achieve more profits. They sell better goods to their customers.The main aim or Primark is also to provide employment to the people of their country sothat they can help to reduce the poverty line of nation. They also provide growth and development to economy.Primark also involved in some other functions such as:Public sector: Company plays an essential role in this aspect. Every organisation isinfluenced by the government of country where they provide their services (Al-Swidi and Al-Hosam, 2012). It may includes health, education etc. If they fulfil their requirement which isrelated to their customer then it will help them in their development. Charity: It provides aid to those people who are needy. There contribution is too much inthis sector. There main purpose is to provide health and safety to the people. They also assistthem in their emergency situations. They give appropriate advice to people so that they can getrid from dilemma.Cooperative: There are many companies who do their work together to achieve thedesired goals and objectives in an effective and efficient manner. In UK, there is an organisationnamed AWAZ who works for the improvement of women. Primark also has speciality inpacking as well as they provide food in each and every part of the Country.1.2 Level at which Primark meet the objectives of its various stakeholdersThis company is doing their business vary effectively and efficiently so that they canachieve their desired goals and objectives. They have various bondholders like employees,clients, banks, government etc. The stakeholders of Primark are discussed as below:Employees: They are part of the company and do their work appropriately so that theycan easily achieve the desired objectives (Aterido, Hallward-Driemeier and Pagés, 2011).Workers are an integral part of the business because without them they cannot do their activities.Primark generally outsource the products which will help them to fulfil their customers demands.The valuable part of the company is their sales manger. They also motivate their employees sothat they can enhance their performance. Company also create some schemes which provide aidto their workers. 2
BUSINESS ENVIRONMENT INTRODUCTION 1 TASK 11 1.1 The type of organisation Primark meets the various stakeholders_4

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