Introduction In this modern competitive business world the success of the business organization mostly depends on the suitable

business environment. Based on the organizational objectives the shape of the business environment depends. The business environment for different business organization is quite different from organization to organization. The organizational culture is one of the most important parts of the business environment. There are different factors that shape the business environment of the organization and the economic system of the country is one of those factors. The economic system of UK mostly defines the shape of the business environment of the organization which is operating in that country. The mission, vision, goals and objectives also shape the business environment. Thus it is important to monitor all the factors for the proper and suitable business environment of the organization. Identify the purposes of different types of organization The development of the economic system of the country mostly depends on the success of the business organization. To serve this purpose different types of business organization acts differently in the countrys economic system. Basically there are two types of business organization- public and private. The goals and objectives of public organization are different than from the private organization. The development of the economic system of UK mostly depends on the development of the private business organization. The vision and mission of the organization decides where the organization wants to go and how far it can go. The vision and mission of public organization is quite different from the vision and mission of private organization. The private organization in UK most of the time tries to improve the organizational position in the economic system in a very timely manner. But the scenario in this case in public organization is quite different. The public organization mostly likes to move on a slow pace. Profit maximization is another important purpose of the organization. In this case, the private organization can contributes a lot in the development of UK economics than the public organization. In the public organization the bureaucratic problem actually makes the pace slow. The objectives of the organization mostly arise from the mission of the organization. The mission the private organization is definitely differs from the public organization. Thus the objectives also become different in these two types of organization. Finally it can be said that the main purposes of different types of organization is the development of the organization itself as well as the economic system of the country. Thus to fulfill these purposes the organizations are performing their role quite accurately.

Describe the extent to which an organization meets the objectives of different stakeholders Stakeholders are the main part of the organization who decides the development of the organization. For the development of the organization meeting the stakeholders objectives is very important for the organization. In every part of the organization the involvement of the stakeholders actually ensures the success of the organization. From purchasing to delivery of the goods to the customers in every sector stakeholders are involved. Without meeting the objectives of the stakeholders an organization cant improve its position in the business world. However, proper distribution among the stakeholder also encourages them to involve in the organizations operations for the proper improvement of the o rganization. The satisfaction of the government body ensures the smooth operations in the country like UK. To satisfy this stakeholder the organization performs its activities accordingly as the countrys rules and regulations. However, the organization can meet up the objectives of different stakeholders in the following way Follow up of government procedures properly as per the rules and regulations of UK. On time payment of bill to the suppliers of the organization. Proper profit sharing of the organization. Provide quality services to its stakeholders.

Explain the responsibilities of an organization and strategies employed to meet them The development of the business environment and the working conditions of the organization in order to achieve the organizational objectives is the main theme of the organization. A suitable business environment actually ensures the better working conditions in the business organization. The business environment is quite different from organization to organization. The business environment of small organization is different from that of large organization. However for the betterment of the business environment the organization tries to involve every party related with it. According to their feedback and other information the organization tries to develop its environment. This type of strategy helps to improve the working conditions in the organization. However, in case of production, the involvement of the customers and suppliers actually ease the operations and helps the organization to maintain the accuracy properly. If the customers and suppliers are happy than the organization can collect and sell products quite effectively which helps them to improve the business environment and the conditions of the organization. Explain how economic systems attempt to allocate resources effectively

The economic condition of the country actually influences the development of the organization. On the other hand, the success of the organization also ensures the proper improvement of the economic system of the country. The economic system of UK also helps the business organization to improve its condition in this competitive business market. The economic conditions of the country can be defined by analyzing different factors like GDP, PPP, GNP, etc. of UK. In case of GDP, UK maintains the sixth position while in the PPP it is in the eighth position. The economic system of UK helps to allocate the resources of the business organization properly in the following manner: In UK the open market policy is very much notable. In the open market the organization can manage its resources freely. The organization goes for production as per the requirement of the customers. The easy collection of raw materials helps the organization to go for production at the lowest possible cost. The open market policy helps the organization to locate and allocate its resources quite effectively. The open market policy helps the organization of UK to distribute its products in every corner of the world efficiently. This type of advantage helps the organization to improve its position and condition in the economic system of UK.

Assess the impact of fiscal and monetary policy on business organizations and their activities The development of the economic system of UK mostly depends on the proper and suitable fiscal and monetary policy of the economy. However, the fiscal and monetary policy also affects the performance of the business organization. The fiscal and monetary policy actually shows the way in which the organization needs to operate its financial activities in the country. Proper followings of these policies help the organization to improve its performance. In UK the fiscal and monetary policy mainly decides by the Bank of England. The monetary condition of the country shows the business condition of the country in national and international economy. However, the fiscal and monetary policy can affect the business organizations in the following way: The Bank of England set the interest rates on borrowings. They can set the rate freely but they have to meet the inflation rate of the government. By fixing the high interest rate the Bank of England can discourage the borrower in borrowing money from the bank. This type of strategy mainly becomes the problem for the small business organization. In case of large business organization, this problem can be overcome more or less. Some times to control the economic conditions of the country the government force the bank not to lend any money to the organization. The government takes this type of

decision in order to maintain the rules and regulations which are dedicated for the improvement of the business organization. In case of export import oriented business organization, the exchange rate of the countries actually plays the most important role in controlling the economic system of the other country. The exchange rate of currency at the time of dealings may be differs from the after time of dealings. This type of problem may affect the operations of the organization which may ultimately affect the economic systems of the country.

In the above mentioned way the fiscal and monetary policy may affect the business organizations along with its activities which may become the burden for the sustainable improvement of the economic conditions of the country. Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization In this modern business world, it is competition which actually helps in maintaining the quality of the products and services at the lowest possible cost. Without competition an organization never thought of improving its overall activities to meet the customers satisfactions. Proper competition policy actually helps the organization to improve its overall activities. To compete in the market the organization need to know about its competitors, their conditions, they financial conditions, their internal and external marketing strategies, the conditions of the suppliers of the raw materials, the conditions of the suppliers, etc. A proper and suitable competition policy helps the organization to maintain the quality level in every stage of its activities. Based on the countries economic conditions the competition policy also differs from country to country. Explain how market structures determine the pricing and output decisions of businesses Illustrate the way in which market forces shape the organizational responses using a range of examples Judge how the business and cultural environments shape the behavior of a selected organization Discuss the significance of international trade to UK business organizations Analyze the impact of global factors on UK business organizations Evaluate the impact of policies of the European Union on UK business organizations. Conclusion