Discuss the significance of international trade

Unit 1 Business Environment Primark Company - Level 5 (Diploma in Business)

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Task 1

Question 1 Identify what type of organisation is Primark and discuss its purpose. In addition identify and discuss the purpose of one organisation within the following categories;

Question 2 Describe the extent to which Primark meets the objectives of its different stakeholders.

Question 3 Explain the responsibilities of Primark as an organization and the strategies employed to meet them.

Task 2

Question 1 Different countries operate different economic systems to attempt to allocate resources effectively. Research and explain the type of system operated in the following countries and reasons why you think they follow these systems.

Question 2 In the UK the Chancellor of the Exchequer and the Bank of England plays a significant role in regulating the economy. The tools used by them are referred to as Fiscal and Monetary policies respectively. You are required to assess the impact of fiscal and monetary policy on the following type of businesses.

Question 3 Competition is an essential element in the efficient working of markets. However businesses are of different sizes and that can create unfair competition. In the UK as in other European nations Competition policies are used to encourage and improve the competitive process, and to ensure consumers feel the benefits of that process. You are required to identify at least five competition policy and other regulatory mechanisms in the UK and evaluate their impact on the activities of a selected organization(s).

Task 3

Question 1 Explain how pricing and output decisions of businesses is determined in the following market structures.

Question 2 Illustrate the way in which market forces (demand and supply) shape organisational responses using a range of examples (diagrams are essential).

Question 3 Judge how the business and cultural environments shape the behaviour of a selected organisation.

Task 4

Question 1 Discuss the significance of international trade to UK business organizations.

Question 2 Analyse the impact of global factors on UK business organizations.

Question 3 Evaluate the impact of policies of the European Union on UK business organizations.Primark is an Irish multinational clothing and home goods retail company with headquarters in Dublin. It is a subsidiary of Associated British Foods (ABF). Primark has over 400 stores in 14 countries, including the United Kingdom, Ireland, Spain, Portugal, France, Germany, Italy, Belgium, the Netherlands, Austria, Slovenia, the United States, and Mexico.

Primark is a low-cost retailer, and its products are known for being affordable and trendy. The company targets a wide range of customers, including young people, families, and budget-conscious shoppers.

The business environment in which Primark operates is complex and ever-changing. The company is affected by a variety of factors, including economic conditions, consumer trends, and government regulations.

Here are some of the key business environment factors that Primark needs to consider:

Economic conditions: Primark's sales are directly affected by economic conditions. During a recession, consumers are more likely to spend less on discretionary items such as clothing and home goods.
Consumer trends: Primark needs to keep up with the latest fashion trends in order to attract customers. The company also needs to be aware of changing consumer preferences, such as the growing demand for sustainable and ethical products.
Government regulations: Primark is subject to a variety of government regulations, such as those related to labor standards, product safety, and environmental protection. The company needs to ensure that it is in compliance with all applicable regulations.

Primark's business environment is also affected by a number of other factors, such as competition from other retailers, the rise of e-commerce, and global political and economic instability.

The Unit 1 Business Environment Primark Company Assignment Help, Level 5 (Diploma in Business) is designed to help students develop a deep understanding of the business environment in which Primark operates. Students will be required to analyze the different factors that affect Primark's business and to develop strategies for the company to succeed in this challenging environment.

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