Business Environment Essay

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Business Environment Individual Assignment BTEC EDEXCEL HND DIPLOMA IN (MANAGEMENT & HUMAN RESOURCE) OFFERED BY INTERNATIONAL COLLEGE OF BUSINESS AND TECHNOLOGY Ancoombra Tea Factory Unit 1: Business Environment F.K.Mohamed Firnaz BM K 23 ICBT Kandy Campus Assessor: Mrs.Lasanthi Gunasekara Submission: 08/08/2012 BM K 23 1 Business Environment Individual Assignment Acknowledgement  I would like to thank Ancoombra Tea Factory Proprietor Mr.Ziyaudeen who helped me to complete the Assignment Successfully.  I would like to thank my lecturer Mrs.Lasanthi Gunasekara. Also I would like to thank all my friends and classmate who supported me in different way to complete the Assignment successfully.   Also I would like thanks all those who have support me to make this assignment to complete successfully. BM K 23 2 Business Environment Individual Assignment Executive Summary The Ancoombra Tea Factory is a Private Limited Company which is owned by Mr.Meezan Hadjiyar. It was started in 1946 in a small town in Ankumbura which is located in the Central province of Sri Lanka. The important Stakeholders of the company are Owner, Employees, Supplier, Customer, Government and neighbors. All the stakeholders’ contribution to the organization is high. Ancoombra Tea Factory mainly considers on customer satisfaction of the products and won many awards. The main responsibility of the organizations is on Social, Environmental, Managerial, and Employee. There are three types of Economic systems, which are Command Economy, Free market Economy and Mixed Economy. The basic Economic Problem is What to Produce, How to Produce, To Whom to produce and how these basic economic problems are solved. The UK National Fiscal and Monetary Policy and the Key Forces, UK Budget Deficit, Inflation Rate and Interest rate. How Fiscal and

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