Micromax Informatics Limited is the electronics company of India which is also the 10th largest mobile company globally.
These factors are responsible for affecting the operations of an organization. Identify the purposes of different types of organisation in England; Describe the extent to which the organisation will meet the objectives of different stakeholders; and Explain the responsibilities of the organisation and strategies employed to meet them.
The rules and regulations of the government keep on changing and it is essential for every business to follow these rules and laws, which are changed with the time.
The social factors are the factors which are focused on the lifestyle patterns of the population. Other economic factors can be Global economic crisis, Inflation, currency value, etc. As a step in this development, it is considering setting up a production facility in England. Explain the responsibilities of an organisation and strategies employed to meet them LO2: Such global factors are Political factors; Economical factors, Social factors, Legal factors and technological factors, and they are discussed below: Understand the behaviour of organisations in their market environment.
The difference between the governments and government policies affects the business and its operations. Buying and consumption patterns for every individual vary country to country. There are social and cultural differences in every country and every business need to adjust and function according to that.
This provides evidence for Learning Outcome 3; Assessment Criteria 3. This provides evidence for Learning Outcome 1; Assessment Criteria 1. Micromax has to keep in mind all these social factors while setting up its business in England. Explain generally how market structures determine the pricing and output decisions of businesses; 3.
Businesses Organisational Purposes You should: Globalization has removed the barriers between the nations and made a big world into one single place.
Organisation Behaviour in the Market Environment You should: Assessment of Global factors shaping business activity in England. Before this happens, however, you are asked to prepare a Report on the Business Environment in England.
It provides innovative products which are made according to the choices of youth. It depends on culture, age, gender, behaviour and tastes of people.
Global factors are those external business factors which are to be considered while making a strategy to set up a business. A company that has been highly successful in a developing country now believes that its products and methods may also prove popular and effective on a wider, even global, basis.
The level of Political stability and the bureaucratic affairs of England, the tariff rates, the terror of terrorism, etc. If this venture works well, it plans to roll out distribution across the European Union.1 Unit 1: Business Environment Unit code: Y// QCF level: 4 Credit value: 15 credits Documents Similar To Unit 1 Business mint-body.com Unit 4 Business Environment Assignment 3.
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