Impact of Fiscal and Monetary Policy on Farming and Housing

BUSINESS ENVIRONMENT

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1.1 Purpose of different types of organisation.............................................................................1
1.2 Extent to which Primark meets the objectives of its different stakeholder...........................2
1.3 Responsibilities of Primark and strategies to meet with objectives......................................4
TASK 2............................................................................................................................................5
2.1 Economic system of different nation.....................................................................................5
2.2 Assess impact of fiscal and monetary policy on farming and housing..................................7
2.3 Competition policy which impact on regulatory mechanisms in the UK..............................7
TASK 3............................................................................................................................................8
3.1 Pricing and output decisions of business of different market structure.................................8
3.2 Market forces which shape to the organisation responses...................................................10
3.3 How cultural environment can shape to the organisation....................................................12
TASK 4..........................................................................................................................................13
4.1 Discuss significance of international trade in UK business.................................................13
4.2 Impact of global factor in UK..............................................................................................14
4.3 Evaluates policies of European Union on UK business organisation.................................14
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................18

INTRODUCTION
Business environment if every business is affected by different factors whether they are
internal and external. In order to assess impact, organisation analysis market for develops their
functions within the business (Arseculeratne and Yazdanifard, 2014). For this assignment
Primark is taken which operate functions in various part of the nation through effective delivery
system. They are possess private ownership within the market for develop effective results. In
this context, they are also operating different types of products such as clothing, accessories,
footwear and any more things. For gaining insight knowledge of company present report analysis
purposes of different firm. Furthermore, it also assess impact on fiscal policy and monetary
policy on UK functions.
TASK 1
1.1 Purpose of different types of organisation
Every organisation operates their business for accomplishing their purpose and maintain
business environment. In respect to this, they are operating various functions for developing
positive results and overcoming weaknesses at the workplace (Cavusgil and Knight, 2015). To
maintain sustainability, Primark also operate functions to achieve business targets and attaining
competitive advantages. Thus, it is beneficial to deliver effective results and creating better
environment to generate loyalty of customer and employee as well. There are several types of
organisation which has different purposes. They are as follows:
Vision of Primark
Primark has clear vision which enables to enhance their market share easily. They want
to increase their relations with the suppliers so that the company can get raw-material on time. In
this aspect, the cited firm provides better facilities to their customers (Holden, 2016). In addition
to this, they are also giving better environment to employee for enhancing their skills and
knowledge to accomplishing business targets.
Mission of Primark
Further, the mission of Primark is to direct employees by providing them with proper
training. This is because, if the company provides good platform to their employee, then they can
easily achieve high market share price (Storey, 2016). This company is private limited which is
not offering their shares in public. Shareholders have limited liability to operate functions.
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 Public sector: Tesco is public limited company that deals in clothing retailer products.
They are offering diverse range of products and services such as children clothing,
women clothing and many more things (Mäkelä, Kinnunen and Suutari, 2015). In
addition to this, they also provide accessories, footwear, beauty products and
confectionery. Hence, they can easily capture whole market by making themselves as the
market leader. Their main aim is enhancing market share of company and attracting
potential customer towards the business. They enjoy legal status of incorporation which
make success for the company (Beynon-Davies, 2013).
 Charity: Charitable organisations are non profits businesses which develops their
functions to dealing in different areas. Their purpose is to manage business functions for
public welfare (Helm and Gritsch, 2014). These types of firms are deals in contributing
products and services to develop social being activities in term of education, religious and
other activities which serve in public interest. In UK, Joseph Rowntree charitable trust is
working for public welfare.
 Cooperative: Cooperative business are owned and run by their members including
customer, employees and residents. The company is offering equal share of profits to all
member for operating their functions within the market (Yadav, Singh and Kumari,
2015). Purpose of the business is to increase sales, make high profits and partnership
among their members which can create job opportunities at the workplace. In the UK
Leaf cooperative work which develops purposes to accomplish their goals.
1.2 Extent to which Primark meets the objectives of its different stakeholder
In the business, there are different types of stakeholder are give their efforts and
participation to accomplish objectives (Gumerov, Pavlova and Khairullina, 2014). They have
also own objectives from the organisation operations which need to be accomplished by
enterprise. Primark operate their effective functions in which they can also meet with different
stakeholder objectives easily. Following are different stakeholder of the cited firm and their
objectives which need to be accomplished by the enterprise:
 Shareholders: Shareholders of Primark has the objective to enhance, brand awareness
and expand the market through developing positive outcomes. In respect to this, the firm
have to expand their market and operations to meet shareholders objectives (Lanzafame,
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Centi and Perathoner, 2014). As a result, they can easily get effective results by operating
various functions.
 Employees: Employees of Primark want to get high incentives, satisfactory wages and
career progression. Thus, the cited business needs to give proper attention towards
employees to achieve positive results and effective activities at the workplace (No, An
and Park, 2015). In addition to this, they have to concentrate on extra ordinary
performance of employee and provide them incentives for that. Hence, they can easily
encourage workers to attain company purpose and their own objective as well.
 Customer: Customers are also important stakeholder of the company because they
consume products and services and pay for it. Their main objective is to get satisfactory
product, services at the low price. For fulfilling their objectives, Primark have to use
qualitative raw-material for producing products and further provide them discount. In this
aspect, they can easily meet with customer objectives and maintain loyalty at the
workplace (Kor and Mesko, 2013).
 Trade union: Trade union of Primark has the objective to meet with employee relation,
industrial relation and minimum salary level. In this aspect, the cited firm have to
maintain their relations with each other at the workplace whether they are senior or
subordinate. Hence, the organisation can easily fulfil objectives to meet with objectives
(Nattrass and Altomare, 2013).
 Supplier: Supplier need right payment on the right time. In addition to this, they also
want to create brand awareness of product and service in the customer mind. Thus,
Primark need to maintain cooperation with them by providing them with right payment
and enhance market share of particular product and services (Picoto, Bélanger and
Palma-dos-Reis, 2014).
 Government: Government also possess objective to increase taxes from business
operations to get high revenue at workplace. In addition to this, they also invest their
money in different country to get high interest on that. To accomplish this objective,
Primark is required to pay taxes on time so that they can maintain relations with the
government (Cavusgil and Knight, 2015).
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