Business Environment: Objectives and Responsibilities of Primark

BUSINESS
ENVIRONMENT

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1.1 purpose of different types of organization............................................................................1
1.2 How to meet with objectives of different types of stakeholders in Primark.........................2
1.3 Responsibilities of Primark to meet objectives of stakeholders............................................3
TASK 2............................................................................................................................................4
2.1 Different types of system operated in the countries..............................................................4
2.2 Impact of fiscal and monetary policy on farming and housing businesses...........................5
2.3 Competition policy in UK and their impact on business activities.......................................6
TASK 3............................................................................................................................................7
3.1 How pricing and output decisions of company determines in the different market structure
.....................................................................................................................................................7
3.2 Ways in which market forces shape to organisational responses.........................................8
3.3 How the business and cultural environment shape to behaviour of Primark........................9
TASK 4..........................................................................................................................................10
4.1 Significance of international trade to UK business organisation........................................10
4.2 Impact of global factors on UK business organisation.......................................................11
4.3 Impact of policies of European union on UK enterprises...................................................12
CONCLUSION .............................................................................................................................12
REFERENCES..............................................................................................................................14

INTRODUCTION
Every establishment have variety of purposes which are depends on their formation.
Some companies are operated for profit purposes and some for earning money. Every
organisation has variety of stakeholders whose interests need to be satisfied. Business
environment is affected by the different factors such as government, competitors, consumer’s
suppliers and international factors (Barnes, Leonidou and Leonidou, 2015). It is also impacted by
the government policies such as directs and indirect taxes. Primark is a subsidiary company of
associated British foods group and British clothing retail company. This report presents
company's objectives and its different stakeholders. It also includes business environment that
institution functions and describe companies strategies and how organization comply with
relevant legal frame work. It also describesbusiness firm economic systems and allocation of
resources and impacts on different fiscal and monetary policy on business firm.
TASK 1
1.1 purpose of different types of organization
There are different types of organizaatiobn which have different purposes.. theure
purposes decised their legal structures. s. Some firm are operated by private people and some of
them are run by the government (Arseculeratne and Yazdanifard, 2014). According to
Establishment purposes, there legal structures are created.
The following are different types of organization and there purposes.
Public company: It is that company which is own and run by public. In these types of
companies they issue their securities to public through initial public offer or by stock exchange.
The purpose of public company is to make profits by offering different services to their
customers. It also has some other purposes such as creating large market share and traded on
stock exchange. Primark is a public company which deals in clothing Retail Company. Its main
purpose is to provide retail services to their customers (Barnes, Leonidou and Leonidou, 2015).
Cooperative company: A cooperative company is association of individual who work for
their common economic and social purposes. The aim of the cooperative company is to provide
services ti its members by it members. Purposes are set out in terms specific outcomes what their
members want to achieve and services are offers to only limited people or company's members.
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