BE Rashik Justin Alves Lofum
Assignment on Business Environment
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Contents
Introduction 2
LO1 Understand the organizational purposes of business 2
1.1 Identify Purpose of different types of organizations 2
1.2 Describe the extent to which an organization meets the objectives of different stakeholders 3
1.3 Responsibilities of Armani and the strategies employed to meet them 4
LO 02: Understand the nature of the national environment in which businesses operate 5
2.1 Economic systems in allocating resources effectively 5
2.2 Impact of fiscal and monetary policy on business organizations and their activities in the UK 6
2.3 Evaluation of the impact of competition policy and other regulatory mechanisms on the activities of Armani 6
LO 03: Understand the behavior of organizations in their market environment 7
3.1 How market structures determine the pricing and output decisions of businesses and Armani in particular 7
3.2 How market forces shape organizational responses with factual examples 8
3.3 judges how the business and cultural environments shape the behavior of Armani 8
LO 04: Be able to assess the significance of the global factors that shape national business activities 9
4.1 Importance of international trade to UK business organizations including Armani 9
4.2 Impact of global factors on UK organizations including Armani 9
4.3 Impact of policies of the European Union on UK business organizations including Armani 10
Conclusion 10
References 11
Introduction
Armani has managed the dispatch of Giorgio Armani Junior, Underwear, Swimwear, Accessories and Occhiali since 1979. Gaining by the cachet of his more select name, he opened the first of a progression of stores offering his less expensive dispersion lines, Emporio Armani and Armani Jeans, in 1981. In 2000, he included another make-up reach to his yield, uncommonly composed by Pat McGrath. Today, the Armani domain includes exactly 2,000 emporia worldwide with yearly offers of
Submitted to:
Submitted by:
Date of Submission:
Contents
Introduction 2
LO1 Understand the organizational purposes of business 2
1.1 Identify Purpose of different types of organizations 2
1.2 Describe the extent to which an organization meets the objectives of different stakeholders 3
1.3 Responsibilities of Armani and the strategies employed to meet them 4
LO 02: Understand the nature of the national environment in which businesses operate 5
2.1 Economic systems in allocating resources effectively 5
2.2 Impact of fiscal and monetary policy on business organizations and their activities in the UK 6
2.3 Evaluation of the impact of competition policy and other regulatory mechanisms on the activities of Armani 6
LO 03: Understand the behavior of organizations in their market environment 7
3.1 How market structures determine the pricing and output decisions of businesses and Armani in particular 7
3.2 How market forces shape organizational responses with factual examples 8
3.3 judges how the business and cultural environments shape the behavior of Armani 8
LO 04: Be able to assess the significance of the global factors that shape national business activities 9
4.1 Importance of international trade to UK business organizations including Armani 9
4.2 Impact of global factors on UK organizations including Armani 9
4.3 Impact of policies of the European Union on UK business organizations including Armani 10
Conclusion 10
References 11
Introduction
Armani has managed the dispatch of Giorgio Armani Junior, Underwear, Swimwear, Accessories and Occhiali since 1979. Gaining by the cachet of his more select name, he opened the first of a progression of stores offering his less expensive dispersion lines, Emporio Armani and Armani Jeans, in 1981. In 2000, he included another make-up reach to his yield, uncommonly composed by Pat McGrath. Today, the Armani domain includes exactly 2,000 emporia worldwide with yearly offers of
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