Business Environment


Business Environment: An In-depth Study from Organisational Aspect

Course Title:   Business Environment

Student Id: LCC20135580

Student Name: Mohammed Fafid Miah

Date of Submission: 12/12/2013

Table of Contents

Lists of the Content Page Number

1. Understand the organizational purpose of businesses 4

1.1 Identify the purpose of different types of business organization 4

1.2 Describe the extent to which an organization meets the objectives of

different stakeholders 5

1.3 Explain the responsibilities of an organization and strategies employed to
meet them6
2. Understand the nature of the national environment in which business operate 6

2.1 Explain how economic systems attempt to allocate resources effectively 6

2.2 Assess the impact of fiscal policy and monetary policy on business
organization and their activities 7
2.3 Evaluate the impact of competition policy and other regulatory mechanisms
on the activities of selected organization 8
3.1 Explain how market structures determine the pricing and output decision

of business 9

3.2 Illustrate the way in which market forces shape organizational responses
using a range of examples 9
3.3 Judge how the business and cultural environments shape the behavior
of a selected organization 10
4.1 Discuss the significance of international trade to UK business organization 11
4.2 Analyze the impact of global factors on UK business organization 11

4.3 Evaluate the impact of policies of the European Union on UK business

Organizations 12

References 13

Introduction: The business enterprises are created with the time dimensions for the production and distribution (services) of commodities/ products. They play huge contribution for the human being and society. The rival enterprises apply different strategies to satisfy people’s needs (Stredwick and Kew, 2008). The rival entities also...