business environment 2

Task 1 Explain the different market structures. o How do businesses make pricing decisions? o How do businesses decide regarding what and how to produce their products? Task 2 Illustrate how does competition affect the business? Using the Porters Five-Forces analysis, discuss the relationship between market forces and organisational responses/strategies. o Choose one of the organisation you studied in Assignment 1, for the analysis: determine the degree of competition and what are the strategies the organisation have undertaken to be competitive? Task 3 There are many factors in the external environment of the firm that affects it’s doing business. Choosing two organisations in the UAE of different market structure and discuss: o How the cultural environment does affect these businesses? o Choose one more factor in the business environment to discuss (e.g. political, legal, social, technology etc). How this factor does affect the two businesses? Scenario PART B: INTERNATIONAL TRADE International markets are important to most firms. Britain, like all other advanced industrial countries, have engaged in international trade as part of their economic activity. Task 4 : Discuss the significance of international trade to UK business organisations. a) What is international trade? Why does a country engage in international trade? b) What are the different types of international trade? c) What are the different trade restrictions? d) Why is international trade important to the UK business organisations? Task 5: Explain the influence of the following factors on UK international trade activities: a) Trading blocs throughout the world b) International trade unions and agreement c) Importance of global market and emerging markets d) What is the European Union Single Market? o Select two policies of the EU Single Market to discuss and analyse. How do these two different policies affect UK businesses? Provide example of a UK business adjusting/responding to these policies. Task 6 Analysis how global factors and events in the business environment had been shaping the UK business activities. a) Evaluate the impact of the European Union on UK business organisations by discussing the advantage and disadvantage to UK businesses if Britain leaves the EU. b) How do the current international refugee problems that reached Europe affect the UK business and Europe as a whole?