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Business Environment of UK: PESTLE and Porter Five Forces Analysis

   

Added on  2023-06-12

18 Pages1689 Words486 Views
BUSINESS
ENVIRONMENT OF UK

TABLE OF CONTENTS
INTRODUCTION
MAIN BODY
PESTLE analysis of UK business environment
Porter five forces analysis for UK businesses
Nature of competition among the UK firm and their price elasticity for
pricing the products and services
Political factor that impacted the business performance
CONCLUSION
REFERENCES

INTRODUCTION
Business environment encompasses with all the factors
that impacts the organizational operation.
Business environment helps in finding the opportunities
for the businesses to design the appropriate strategies to
improve the performance for enhancing the profitability
of the business.
In business environment potential firms compete with
each other to make the productive market place.
Business environment of UK is consider as one of the
safest and easiest market place for doing business in the
world.

Business environment:
It encompasses with the elements such as competition, stakeholders, suppliers, and industrial
trends which affects the market position of the organisation.
It is the environment where the companies of different sector interact with their customers and
operates their business to develop revenues.
Micro environment:
This environment refer to comprise of all the elements of the businesses which mainly
influences the organisational performance. It involves the customers, vendors, resellers,
competitors. It is the operating environment of the organisation, they are mainly associated with
the company.

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