Business Environment

Introduction

In order to explore the given task, one must define the meaning of Business environment.

The Global Business Environment is the environment in different countries which are influenced by both internal and external factors such as social, political, economic, regulatory, tax, cultural, legal and technological. For example, The European Parliament recently supported the Philippines’ initiative to settle a territorial dispute with China over the South China Sea Row. (www.icmrindia.org, www.philstar.com 23 April 2013)

Also in the UK, the Gross Domestic Product (GDP) has grown tremendously over the last ten years and is now competing with the growth in the European Union. Referenced from (www.ukti.gov.uk)

My Chosen Organisation

Pc World is one of Europe's most leading specialist electrical retailing groups. They sell consumer electronics, personal computers, domestic appliances, photographic equipment, communication products and related services.

They operate four divisions, broadly split geographically. These four divisions are UK and Ireland, Northern Europe, Southern Europe and Pixmania. Transforming stores into 2-in-1 Curry’s & PC World Megastores, superstores and high street stores give customers a wider range of products. Their multichannel offering provides customers with the convenience of online and accessibility of stores, particularly through the Reserve Collect facility. Curry’s Pc World operates the leading home delivery and installation network for electrical products in the UK and operates the largest modern repair facility for laptops and TV's in Europe.

TASK 1 A

There are two main sectors in the world of business economy; they are the private sector and the public sector. The private sector consists of businesses owned and controlled by individuals or groups of individuals whilst the public sector on the other hand comprises of organisations accountable to and controlled by the local government. This task will be looking at...