In this assignment I will be focusing on the two existing business which are
Pizza hut and IKEA which I've done in the first task. I will be describing the
influences of the two economic environments on business activities within
selected organisation, and for task 2 I will compare the challenges to
selected business activities within a selected organisation, in two different
economic environments.
In part one I'll be focusing on one business which is Pizza hut. Pizza hut
specializes on selling good quality pizza, and they're the number pizza
business leading globally. Since the business pizza hut is the leading
business globally, they have mass numbers of employees, and stores to
make the business expand and gain profit. The number of employees
working for Pizza hut is 160,000+ which is a large scale business, and the
number of stores Pizza hut is operating globally is 11,139+ stores. 6,000
stores are operating in the US alone, and the rest are operating globally.
Economic environment is when it's made up of millions of individual decision
makers who buy and sell goods, and also borrow money from banks or
friends, and lending money too. This could raise the taxes and change
interest rates.
The natural fluctuation of the economy between periods of expansion (growth) and
contraction (recession). Factors such as gross domestic product (GDP), interest
rates, levels of employment and consumer spending can help to determine the
current stage of the economic cycle.
Boom is a period of time during which sales of a product or business activity
increases very rapidly. Recession is a significant decline in activity across the
Pizza hut and IKEA which I've done in the first task. I will be describing the
influences of the two economic environments on business activities within
selected organisation, and for task 2 I will compare the challenges to
selected business activities within a selected organisation, in two different
economic environments.
In part one I'll be focusing on one business which is Pizza hut. Pizza hut
specializes on selling good quality pizza, and they're the number pizza
business leading globally. Since the business pizza hut is the leading
business globally, they have mass numbers of employees, and stores to
make the business expand and gain profit. The number of employees
working for Pizza hut is 160,000+ which is a large scale business, and the
number of stores Pizza hut is operating globally is 11,139+ stores. 6,000
stores are operating in the US alone, and the rest are operating globally.
Economic environment is when it's made up of millions of individual decision
makers who buy and sell goods, and also borrow money from banks or
friends, and lending money too. This could raise the taxes and change
interest rates.
The natural fluctuation of the economy between periods of expansion (growth) and
contraction (recession). Factors such as gross domestic product (GDP), interest
rates, levels of employment and consumer spending can help to determine the
current stage of the economic cycle.
Boom is a period of time during which sales of a product or business activity
increases very rapidly. Recession is a significant decline in activity across the
