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ASOS is one of the leading online retailers in the whole Britain and has created very well in the UK in the United Kingdom. The nature of the company is private as the profit motif is the basis of its business activity. The cited organizations have a main function to deal with customer demand and to meet them by fulfilling the products on their website. The spectrum of business functions is very large as you need to manage business relationships with suppliers, providers, manufacturers and customers.
Every huge business in today's time was a small business. So it is not wrong to say that small corporate companies are the future of business and country. They provide the industry power and have potential to show new business and management dimensions. Here in this study, the small corporate companies were examined various perspectives.
There are several factors that are required to set the perspective of understanding the effectiveness business of retail transactions or online shops. Customer Service is also one of them, which has enormous effects on the clients' ways and enables an online retail store to enable healthy and long-term relationship with customers. The customer's service is very important that has taken place at the ends of the purchase process. It is enormous to ensure that customers prior to the purchase of retail stores from retail transactions and after the purchase of distribution service to improve in a very large scale, to get appropriate services.
The marketing environment could be treated as a periphery in which an organization operates its business and the business situations suitable for the organization or adversely. The elements of the marketing environment are external, internal and industrial environment (Mead and Andrews, 2009). Here in this report, the special consideration has been paid in order to understand the effects of different environmental factors on business. For the same purpose, PEST and SWOT analysis were performed so that the information about external and internal environment can be collected.
The national environment consists of various factors and political, or the right-wing environment is one of them. The political environment and the legal environment affect the business activities in a large scale (Sawyer, 2004). Here in this report, the role of the government and its political decisions were shown in relation to the banking sector. The role of the economic system and the tax system as well as monetary policy as well as the competition policy and other mechanisms were presented. For the same purpose, Metro Bank was taken into account.
Business environment is a very dynamic term consisting of different terminologies and management practices as well as various participants. The business environment is full of uncertainties, but still some aspects of the company and its fundamental principles allow companies to maintain themselves within the competitive business environment (Burdekin and et.Al., 2011). Here in the current scenario, studying the business environment from different perspectives took place.
The business environment is periphery in which every company operates its business. The company's dimensions could be changed to various types of organizations. Some work on an international level, some at the level of the district, therefore there is a great change in the business environment in both the types of organizations. The business environment includes a variety of factors that affect your business at a very large scale (Chen and Mohamed, 2008).
Operations management is one of the important business industry, which deals with the development and control of production and manufacturing process and transformation of business transactions for the final production of goods and services. It is the acquisition, development and use of raw material that a company that needs to provide goods and services required to deliver to its customers.
With the increasing focus on social and ecological issues, the concept of CSR d. H. Corporate Social Responsibility gained more recognition. This becomes more important if a company deals with products that affect the health of the consumer. Since the problems are relevant directly for McDonalds, it will be essential for brands to focus on the social responsibility of companies. It can be considered as a corporate need that every company must occur to maintain on the market.
In this business environment, companies in communication as well as business operations become more open and more transparent. Open communication is a key to getting organizational growth and success in the long term. Apart from winning confidence and trust of the employees, it also helps the organization to achieve the loyalty of customers and shareholders.
The channel strategy drives the marketing mix and the marketing strategy of a company. It includes various member partners and members for the ultimate success of the marketing plan and mixing. The channel partners and various distribution channels are involved in the distribution of business products and services. The hierarchy expires such as manufacturers, developers or producers, wholesalers, retailers and agents or brokers.
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