Unit 1 Primark Business Environment Assignment
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Added on 2020-01-16
Unit 1 Primark Business Environment Assignment
Added on 2020-01-16
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................41.1 Primary..................................................................................................................................41.2 Primark meets the objectives of stake holders.......................................................................51.3 Responsibilities and strategies of Primark.............................................................................6TASK 2............................................................................................................................................72.1 Economic systems of various countries.................................................................................72.2 Impacts of fiscal and monitory policies.................................................................................82.3 Competition policies .............................................................................................................9TASK 3..........................................................................................................................................113.1 Various types of competitive market...................................................................................113.2 Market forces that affect demand and supply of the market................................................123.3 Business and cultural environment affect the Primark........................................................15TASK 4 .........................................................................................................................................164.1 Significance of international trade.......................................................................................164.2 Impacts of global factors on UK Business organizations....................................................174.3 Impacts of policies of the European Union on the UK Business organisations..................18CONCLUSION..............................................................................................................................19REFERENCES..............................................................................................................................20Books and journals.....................................................................................................................20
INTRODUCTIONThe entire report is in the reference of the organisation Primark which is a subsidiarycompany of the ABF (Associated British Food) group. The company’s entire focus is alwaysupon the innovations and to bring new ideas, it has always been distinctive for offeringunbeatable value which never loses its fashion drive edge. Primark not only deals withmanufacturing goods but expertise in understanding the customer values. The report will presentan insight about the various types of business environment which company suffers through. Alsoit will explain about how various market forces affects the working of the business.
TASK 1 1.1 PrimaryPrimark offers a diverse range of products which includes kids wear, new-born, women,men, accessories, home wear and many more. The company sells the clothes at a very low costas compare to the other companies. Primark believes in fast and rapid changes and innovations.They never lack behind in the adopting the prevailing trends (Dai and et.al, 2011).The purposes of Primark are:To improve the continuity and their range of products in the company.To maintain respect for each other and also all those who are involved in the working ofthe organization.Their major focus is on the environment health and safety.To strive continuously for effectiveness.Adopting various techniques for employment and trading.To offer the best value for money.The Private Sector- The private sector organizations are maintained by the privatefunding and then operations which are done in this organization, are for making theprofit. The profitability depends on the performance of the employees. Greenergyinternational is the private sector organization which provides the fuels for the motorvehicles and its umpire is in quarter of the UK market. The Public Sector-AWE(Atomic weapons establishment) is a public sector organizationin which the manufacturing of nuclear deterrent has been done. The main purpose of thisorganization is to made the equipments which can be utilized in the time of war. Thepublic sector organization is authorized by the government of that country and thatorganization work for th betterment of country. (Allred, and et. al., 2011).Charity- Primark has raised 1.4 million through sales of its Christmas bumper range formaking the wishes of the poor children a magic and to come true those who were fightingfrom the toughest situations of life. Basically the main purpose of charity organization isto fulfil the general needs of those people who have nothing in their life and they areliving in so tough conditions. It is a social work and completely non- profitable. Forexample Make A Wish is a charity organization that works for the children who have
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