Analyzing Market Structures, UK Business, and Global Factors

This report provides an analysis of different market structures, including monopoly and oligopoly, and their influence on business output and pricing policies. It explores the impact of market forces, utilizing PEST analysis to examine the political, economic, social, and technological factors affecting companies like Samsung and McDonald's. The report then investigates the relevance of international trade to the UK business environment, highlighting its economic, social, and cultural benefits. It also assesses the impact of global factors such as terrorism, economic crises, immigration, and environmental issues on UK business organizations. Finally, the report examines the influence of European Union policies on UK businesses, including benefits like reduced taxes, competition policies, and employment opportunities. References from various academic sources support the analysis, providing a comprehensive overview of the subject matter.

TASK 3 AND TASK 4

3.1 Different market structures determining the output and pricing policies of businesses
Monopoly market
In this type of market, there is a single firm to produce single good and services.
There are no close substitutes to the product and the buyers rely on the single
producer.
Due to legal and technical restrictions, new firms are not able to enter the monopoly
market and there are no direct rivalries or competitors.
The single producer determines the output and price of the product or service as they
are price-maker.

OLIGOPOLY MARKET:
There are very few numbers of sellers and good amount of buyers in oligopoly
market.
Close substitutes are always present in the market although each company tries to
differentiate its product features with the rivalry.
The pricing and production policies depend upon competitors market strategies.
There is cut throat competition in the market, little change in the price of one firm
makes a noticeable impact on the price and output of the other firm.

3.2 Impact of market forces in shaping organizational responses
PEST Analysis Samsung McDonald
Political Political stability in UK will provide more opportunity to
explore the market resources and forces.
While, instability in the political scenario hampers the
demand and supply of its services.
Economic Increase in taxation policy will ultimately rise the price of
Samsung products.
Relaxation in corporate tax will help the company to invest
its capital for new ventures or existing ones.
Social Current trends and techniques in the market will help in
determining supply and demand of the product.
Consumers tastes and preferences plays important role in
serving numerous food stuffs.
Technological Adoption of updated techniques and gadgets are prominent
to identify demand and supply of products.
Better packaging and advertising techniques attracts large
number of customers.

3.3 Impact of business and cultural environment on the organization
Culture and religion
Business practices

TASK 4
 4.1 Relevance of international trade on UK business environment
International market serves as a medium to exchange commodities and services all
across the globe.
It provides political, economic, social and cultural benefits to both the countries or
group of nations involved in it.
In UK, the major part of economy depends upon international market. Many
companies are involved in performing export and import activities to gain higher
profits. It has helped to improve the GDP of the economy.

4.2 Impact of global factors on UK business organizations
Firstly, threat of international terrorism hinders the global business activities. UK -based
companies dealing with countries involved in terrorist activities slower down s the economic
and business transactions.
Secondly, global economic crisis such as Great Depression led negative impact on the
overall global trade also, hindering growth of UK economy. Opportunities and expansion
activities were suddenly lay ed down in comparison with normal economic scenario.
Thirdly, increasing practices of immigration and migration of domestic talent from UK to
other countries influenced its own development. As the creamy layer of mangers, executives,
business entities shifted their focus to other nations instead of their own country.
Lastly, impact of environmental issues like global warming also resulted in various natural
hazards. Tragic cyclones, earthquakes and tsunamis restricts transportation and
communication process. It creates destruction to people, goods, services and properties.

4.3 The impact of European Union policies on UK business organizations
It provides benefits like reduced selling tax and freedom from restrictive fiscal
policies that provides higher profits to the business corp orates.
Eu's competition policies ensures that the market competition remains free and
healthy for the entities to provide the best products to clients at the best prices.
The employment policies have created more job opportunities for huge amount of
population of the country. The policies and framework has encouraged people to
establish their own enterprises with innovative ideas and techniques.

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