The Importance Of Business In The United Kingdom

| The customers would be influenced because if the company are financially struggling the customers are there only hope to stay profiting. If the company was to go bust it means customers will no longer be able to shop there. The customers would be an external stakeholder, they can get information by advertisements and even check their annual report on the businesses website.

Typically today they are centres for technology, information and service based industries rather than manufacturing. London for example has the Headquarters of 118 of Europe’s top 500 and 64 of the Fortune 500, 75% of Fortune 500 companies have offices in London.

Because of the financial crisis business is put to test. All of the organisations who want to

This can also be seen on the "Big Mac - Cross Rates" table, where hamburgers sold in the UK are more expensive than in most other countries. So an investment outside the UK might be very attractive - also speaking of "re-imports" to transfer the goods back into the domestic market.

Doing business overseas takes time and patience. It requires new relationships to be established; therefore, it is important to have an established business model that works according to plan. The most favorable markets are politically stable developed and developing nations with free market systems, low inflation, and low private sector dept. The less desirable markets are politically unstable developing nations with mixed or command economies or developing nations where speculative financial bubbles have led to excess borrowing.

In a time of global commerce, new business ventures can take on many forms. What used to be local or even national companies have become world-wide. International growth of a business can be extremely beneficial but is not without its challenges. Different countries have different peoples and different cultures - different ways of doing business altogether. If a venture is to be successful, these differences must be well understood.

In each country to allow citizens to coexist in the best way possible Laws were put into place, to make clear to all citizens to know there are rules and regulations to follow. If citizens choose not to abide by these laws then there will be punishment. This is why it is important that citizens abide by laws, rules and regulations to make their country run the best way possible.

Do we know what constitutes sufficient reason to attribute “responsibility to any person, company, or set of conditions? What kinds of risks do we assume when buying a car, or a motorcycle, or a can of tuna fish?

High cost of entering new markets International growth is expensive. Entering new markets with a new brand

These improved efficiencies support profitability and overall business growth, which spur recruitment demands. In the United Kingdom alone, manufacturing output growth is projected to average around 2.5% per annum, with particular growth in R&D-related industries, such as parts of chemicals and engineering.

Also word would spread about how bad their customer service and again add the loss of business.

For overseas visitors, United Kingdom is a popular destination. This is because the UK has cultural and heritage attractions that appeals to the overseas visitors. Overseas visitor attractions have to be aware of the overseas markets that are 67%, as they have to make sure that their marketing activities are attracting the overseas visitors.

The United Kingdom (UK) is one of the largest economies in Europe ranked at position 13 of the freest economies globally in 2015. The country recorded a GDP of 2.67817 trillion dollars in 2014 with an average annual GDP growth rate of 2.8% in the last five years. The World Bank ranked UK in 10th position as the best place to do business in 2014 based on its high regulations, robust business policies, highly skilled workforce, investors’ protection, developed infrastructure, and political stability. Since it is a member of the European Union (EU), the country presents an opportunity for the company to access more than 500 million consumers in the European market. This study recommends the establishment of a wholly owned subsidiary in the United Kingdom to improve profitability and productivity.

Measuring a potential business venture has many aspects which the international manager must be aware of in order to convey the correct information back to the decision makers. Being ignorant to any of the aspects can lead to a false representation of the project, and hence an uninformed decision being passed. In order for a business to survive it must grow. For growth to be optimal, management must first be able to identify the most attractive prospective leads. The country as a whole, specifically geography, government, and financial aspects must be looked at in order to yield the best possible picture of the market a company wishes to enter. Concentration should be placed on gathering reliable facts

International business today has exceeded more than any person has ever thought it would, countries are doing more trading and importing now than ever. International business can affect everyone, from small business owners to big companies all over the world. A country that comes to mind that does a lot of international business is the United Kingdom (UK). This paper will include the following: the background of the country, economic environment, government policies, international economic integration and business environment, and current events. By the end of this paper you will be able to know everything about the UK and if you want to construct business or take business out of this country.