Unit 1 M2 Business

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In this report, I would describe the influences of two different economic environments on organisations activities within a selected organisation and I would describe how different factors; political, legal and social factors influence on the business activities of the selected businesses and on their stakeholders. Furthermore, I will also link different challenges to selected businesses in two contrasting economic environments. I will also analyse how political, legal & social factors have affected on the two businesses. To conclude, I will explain how future changes in economic, political, legal & social factors can impact on the strategy of a specific organisation.
P5&M2:
I am going to provide current figures for United Kingdom and China. …show more content…
For example; it can influence on employees, stakeholders or suppliers. Furthermore, environment can also be defined as the location which the business is located in where it generates its revenue by selling goods and services and also targeting and gaining customers. In UK businesses sell their products and services in different geographical areas in order to create awareness of their business, products and services where they can generate money and also increase their sales volumes and market share in order to lead the competition in the industry and to retain their position in the market. On the other hand, in UK all businesses can be influenced positively or negatively by their business environments which are internal and external factors. In China businesses sell their products and services in different environmental areas in order to create responsiveness of their business, products and services. This can lead to making money and gaining loyal customers. To conclude, businesses can be affected by internal and external factors which are also defined as business

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