International trade increase traffic, sales and consumers.
How to produce- After selection of products the next challenge is to decide the way in which items must be produced. What to produce- This is one of the problem of an economy and under this it is difficult to determine that what economy must produce.
Understand the nature of the national environment in which businesses operates 2. Iceland supermarket is allowed to trade freely with other countries due to this market structure and the business can change the pricing factor as per the amount of quantities demanded at market place.
National authorities can monitor the activities of the business organizations locally. Further, demand from customer increases at the time when people have the purchasing power to buy things Fraser and Pong, Assignment on Business Environment Introduction: The policies under European Union can also assist the supermarket to augment the skills of the employees; thus more revenue can be accomplished.
In free market Condition Company can easily export or import products from other countries. By considering these factors it is determined that in which way goods will be produced in a nation.
This means that the business has expanded its operations in international market place. It is an apparent fact that having international business can assist Iceland supermarket to generate more opportunities for employment; thus it will help the country to bring down their unemployment rates.
Here government distributes all the resources according to the people demand and demography. Technological environment include the methods, techniques and approaches adopted for production of goods and services and its distribution.
The business has been acquiring huge assistance from cultural forces and these aids to retain the customers for longer time span.
As a result, the retail entity will be able to generate higher profits and it can also operate more freely without facing intervention from government norms and regulations Craig and Campbell, Their operation largely depends on the business and cultural environment of the countries where they operate.
In oligopoly market condition there are a small number of firms which together control the most of the market share and they determine the price and supply.
It is the ability to obtain credit. Rest of the organizations is adopting this model. Suppliers are providing adequate raw materials to the business entity and they also assist the business entity to meet demand aspects in all areas.
For proper understanding of the business environment, organization will monitor political, economic, social and technological factors at regular basis. Some goods are available in some countries, so it needs to exchange the products and services which are not possible to execute without international trading.
Contractionary policy lessens the money supply and makes it tough to borrow money for organization. In such market place, the business authorities do not possess the right to make changes in prices.
Meanwhile, managing international trade can help UK to make optimum use of its natural resources and wastage of resources can be avoided. Fiscal policies are determined by the government and it is the amount of tax organization has to pay to government.
The political and social considerations influence the business conditions to trade freely with different economies. Most of the countries in the world follow mix economy which is the combination of command and free market economy.
In such respect, Iceland supermarket is also required to emphasize on competition aspects so that new products can be introduced at market place. Iceland supermarket makes sure that ethical aspects are maintained in the business entity along with proper distribution of resources and dividends among shareholders.
If UK companies have licenses they can easily export their products to other EU countries or import products from other EU countries.
Considering such act assist the business entity to facilitate healthy competition among all the same companies. The varying technological environments of different countries affect the designing of products.BE ABLE TO ASSESS THE SIGNIFICANCE OF THE GLOBAL FACTORS THAT SHAPE NATIONAL BUSINESS ACTIVITES 1.
INTRODUCTION This research project is going to investigate on the Global Factors that influence UK business activities.
4 Be able to assess the significance of the global factors that shape national business activities.
UNIT 1: BUSINESS ENVIRONMENT BH – Edexcel BTEC Levels 4 1/5(1). view lo4-be from financial at da nang university of economics. the significance of the global factors that shape the national business activities our team members: jojo-mia-luna dicuss the.
The significance of the global factors that shape national business activities Significance of international trade to UK business organizations. International trade means selling and buying products across the boundary of a nation.
International trade is the main base of international economy because the whole world is now more. be able to assess the significance of the global factors that shape national business activites 1. INTRODUCTION This research project is going to investigate on the Global Factors that influence UK business activities.
be able to assess the significance of the global factors that shape national business activites Words | 13 Pages INTRODUCTION This research project is going to investigate on the Global Factors that influence UK business activities.Download