Business Environment

Business Environment. Introduction. Meeting the objectives of different stakeholders. Explain the responsibilities and strategies of organization to employ to meet them. How different economic systems distribute the resources effectively? Assess the impact of fiscal and monetary policies for your organization and its activities. Evaluate the impact of competition policy and other regulatory mechanisms on business activities. Explain the impact of market structures on the pricing and output decisions. Illustrate the way in which the market forces shape organizational responses. How the business and cultural environment shape the behavior of organization. Discuss the significance of international trade to UK business organizations. Analyze the impact of global factors for the organization. Evaluate the impact of European Union policies.

Business environment is itself a very dynamic term which consist of various terminologies and management practices as well as various participants. The business environment is full of uncertainties but still some aspects of business and its fundamental principles can allow businesses to sustain within the competitive business environment (Burdekin and et.al., 2011). Here in current scenario the study of business environment from various perspectives has taken place. The major consideration has been given to understand the political, social environment through diverse scenarios. The policies framed at national level as well as international level has been catered which lie within the category of legal environment. Thus various components of business environment have been investigated in current report.