LO1 Provide an understanding on key elements of internal environment of organisation and its interaction with external environment
LO2 Briefly exhibit the functioning of market economy and what role does government play in market economy.
LO3 Elaborate the economic environment in which business operates in United Kingdom.
LO4 Give the reason of benefit from trade that one country gets from other.
LO5 provide a view on the growing impact of European Union on British business.
Write an academic essay on mobile phone company chosen by you and indulge in it the relevant business environment and micro economic concepts and models and Prescribe the reason that why the company chosen by you needs audit of their external and internal business environment. Provide a way through which an insight can be gained of Micro economic environment. Their involved all the academics and the begena areas through which the manage4mnt and the adhere is being taken in record.
This task addresses LO1 and LO3
Length required- Approximately 3000 words
Formatting and layout
- Written in English and in appropriate style
- Focus should be only on task prescribed in project
- Format of essay should be academic
- Be sure that title is clear
- Only relevant and suitable sources must be used for the research. It should be extensive.
- All the Micro environmental factors will cover Theories, concepts and models along with the supply and demand and also the Elasticity, oligopoly and the other curves which are required in the price, income and the cross elasticity.
- External Audit will provide the PESTLE Diagram with the relevance that is b being given for any of the company of automobiles. And also, the SWOT analysis to analyse the internal and the external factors of the company.
- Other then that their will be undertaken the limitations in which the breaking of the contracts and the increase in the international market and their function is being taken.