business environment assignment

Business Environment Individual Assignment

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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

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ICBT Kandy Campus

Assessor: Mrs.Lasanthi Gunasekara

Submission: 08/08/2012


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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.


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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 monetary policy impact on the business.

UK Competition Policy and pillars of it and the impact on Competition Policy on the Tea

factory. International Trade and its impacts on the tea business in UK and how the European

Union Policies effect the business.


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Contents Introduction ................................................................................................................................................... 6

Section 1: ...................................................................................................................................................... 7

LO 1.1 ........................................................................................................................................................... 7

Types of Organizations Available in Sri Lanka ............................................................................................ 7

Characteristics ........................................................................................................................................... 7

Size ............................................................................................................................................................ 9

Legal Form .............................................................................................................................................. 10

Ancoombra Tea factory .............................................................................................................................. 11

LO 1.2 ..................................................................................................................................................... 12

Stakeholder Map ......................................................................................................................................... 12

Needs of Employees ................................................................................................................................... 15

Customer Expectations and Satisfaction ..................................................................................................... 16

LO 3.2 ..................................................................................................................................................... 17

Demand and Supply Curve ..................................................................................................................... 17

Porters 5 Forces....................................................................................................................................... 17

Sales Figures of Ancoombra Tea Factory ............................................................................................... 18

LO 1.3 ......................................................................................................................................................... 19

Organization Responsibility ........................................................................................................................ 19

Section 2 ..................................................................................................................................................... 20

LO 2.1 ..................................................................................................................................................... 20

Economic Problems .................................................................................................................................... 20

Solving Basic Economic Problems ............................................................................................................. 22

LO 2.2 ..................................................................................................................................................... 25

UK National Fiscal and Monetary Policy ................................................................................................... 25

Monetary Policy .......................................................................................................................................... 28

Monetary Policy is there to support Fiscal policy and to manage demand. ................................................ 28

LO 2.3 ......................................................................................................................................................... 29

UK Competition policy and Regulatory bodies .......................................................................................... 29


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Impact of Competition Policy of Selected organization ............................................................................. 30

Role of Regulatory Bodies ...................................................................................................................... 30

LO 4.1 ......................................................................................................................................................... 32

International Trade ...................................................................................................................................... 32

How UK Business is affected by International Trade ............................................................................. 32

LO 4.3 ......................................................................................................................................................... 33

Impact of Policies in European Union ........................................................................................................ 33

Impact of European Union in UK Business ............................................................................................ 33

Policies of EU ......................................................................................................................................... 33

Recommendations and Conclusion ............................................................................................................. 35

References ................................................................................................................................................... 36

Appendices .................................................................................................................................................. 37

Figures: Page Number

Stakeholders Map 12

Demand and Supply Curve 16

UK Budget Dificit 23

Inflation Rate 23

UK Recent Interest Rate 24

Tables:

Objectives of Stakeholders 13

Importance of dealing with Stakeholders 14


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Introduction

The Ancoombra Tea factory is located in the small town of Ankumbura, in the Central province.

It was started in 1946 by the late Meezan Hadjiyar. The company has reputation as one of the

largest and best mid grown Tea factories in the Central region.

The factory is aided and abetted with the latest state of the art machinery and is one of the few

factories nationwide that takes pride in having fully Automated Orthodox tea processing systems

as well as the C.T.C (Cut, Twist & Curl) method of tea manufacture.

The Ancoombra tea factory Produce black tea of the finest Aroma & flavor to cater to many

different categories of consumers all over the island.

Has won many prestigious awards such as. The 5’S’ and 2 Star awards for best maintenance, the

H.A.C.C.P health certification for maintaining the most hygienic standards of tea production and

last but not least, the ‘Entrepreneur of the year’ National award


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Section 1:

LO 1.1

Types of Organizations Available in Sri Lanka

Categories of Organization

1. Characteristics

2. Size

3. Legal Form

Characteristics

1. According to Ownership

2. According to Control

3. According to Activity

According to Ownership

Private Sector

Examples: Dialog, Etisalat, Airtel

Public Sector

Examples: Ceylon Electricity Board, Ceylon Water Board

According to Control

By the Owners

Example: Sidhalepa

By People Working

Example: Nawaloka Hospitals PLC

Indirectly by the Government

Example: Golden Key, Sri Lanka Airlines, St/Anthonys College

Directly by the Government

Example: Sri Lanka Postal Department, Sri Lanka Police, Sri Lanka Army, Sri Lanka Navy


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According to Activity

Service

Example: Bank of Ceylon, Seylan Bank, Peoples Bank, Sampath Bank etc.

Product

Example: Nestle, Keels

According to Profit & Non Profit Orientation

Profit making

Example: Private Organizations

Non Profit

Example: Rotary Club, Mawbima Lanka, Samadhi Community Development

Foundation

According to Legal Status

Limited Companies

Example: Colombo Exchange

Partnership Companies

Example: Perera & Sons

Sole Trade

Example: Mangala Tax

Public Company

Example: Sri Lanka Insurance, Sri Lanka Airlines


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According to Size

Number of Staff

Example: Sri Lanka telecom, CIC Holding

Number of branches

Example: National Saving bank, Sampath Bank

Sales revenues each year

Example: John keels

Market Share

Example: Unilever Sri Lanka, Hamas Holdings

Size

1. Small business

Owns and Runs by one or a few

Sell Goods and Services Locally

Employee less than 50 People

Example: Orchid

2. Medium Business

Operates Locally or internationally

Employee Between 50-250 People

Example: Singer PLC

3. Large Business

Has Household names, easily recognized logos

Factories, offices & outlets are located in other locations

More than 250 employees

National & multinational Business

Example: Singer PLC, Cargills PLC, Damro


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Legal Form

1. Sole Trader

Single individuals

Usually small Scale

Baring the profit or losses

Example: Wayamba Traders

2. Partnership

Two or More persons associated

One stage beyond the sole trader

Each Partner Contributed an agreed amount of capital

Agreed method of profit sharing, salaries & interest

Must be dissolved whenever more than 50% of the partnership interest change

hands

Example: Apparel industry of Sri Lanka

3. Public Limited Company

Listed in the Stock market & name should be include letters PLC

Owned by a wide range of investors

Example: John Keels, ODEL, Dialog

4. Private Limited Company

Shares are only transferable directly

No Privilege to sell shares in the stock market

Name Should be included Ltd, or Limited

Owned by Limited Number of investors

Example: Atlas, MAS Holdings


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Ancoombra Tea factory

Can Classify Ancoombra Tea factory into 3 categories

1. Characteristic –

Private Sector Business

Control Characteristic and company was controlled Mr. Ihithisham.

Profit making Organization

2. Size –

Large Business

Have branches in Hatale, Nagala in Sri Lanka

Large Number of Employees and Staff

3. Legal Form –

Private Limited company

Own by a Single Owner


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LO 1.2

Stakeholder Map

High

Owner

Government Bank

Supplier

Customer

Power

Competitor

Employees

Neighbors

Low

Low Interest High

Figure No.1 Stakeholders Map


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Table No.1 Objectives of Stakeholders

Stakeholders Objectives

Owner

Owner should have good relationship with the stakeholders. His

expectations are future profit potential of investments, current

financial performance and the stability and the strengths of the

capital structure. He expects the profitability from the business.

Supplier

Instant payment, satisfaction, development purchasing.

Government

Fulfill legal requirements and make way to produce best

quality

Bank

To Provide loans and get interest

Customer

Get high quality tea with an affordable cost

Competitor

How the company produce and marketing techniques used

Employees

To fair return to their work

Neighbors

Use factory without polluting or disturbing


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Table No.2 Importance of Dealing with Stakeholders

Stakeholders Why they are dealing

Owner

To make sure all managerial activities are carried out in a

correct way

Government

To make sure that they follow all legal requirement which will

not harm the consumers

Bank

To Provide loans and get interest and make good financial

status to the organization

Supplier

Build the satisfaction and make good relationship with them

to attain good supplies.

Customer

To get valued product for the money

Competitor

To overtake and improve their business

Employees

Process of producing high quality tea

Neighbors

To have a eco-friendly environment


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Needs of Employees

Ancoombra Tea Factory provides these important factors to the employees

Respect

Trust

Open Communication

Clear Communication

Appreciation

Chance to make own decision

Opportunities to grow

Free Health checkup once in a month

Promotion

Motivation

Transfer


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Customer Expectations and Satisfaction

Ancoombra tea factory was started in 1946 and till it growing and growing. Their green leaf

processing capacity exceeds 52,000kg per day and it shows customers were satisfied if they are

not satisfied they can’t be in this field for more than 66 years.

Ancoombra tea factory won Prestigious 5 `S` Award (Given by Japan)

1. Seiri – Organization

2. Seiton – Orderliness

3. Seiso – Cleanliness

4. Seiketsu – Standardized cleanup

5. Shitsuke – Discipline

5’C’ is meant by 5 Pillars of an organization. This Award proves that Physical Environment in

Ancoombra is tidy and very well organized.

Ancoombra tea factory finds out it and produce high quality tea by plucking fresh tea from their

fields and also manufacturing process carried out in the same company. So it enables to produce

high quality tea with high technology machines with an affordable price. Suppliers sell to

consumers at a low price than the competitor because Ancoombra sells at a very low cost to

suppliers because their manufacturing charge and labour is very low. So it makes consumers to

satisfactory because Customer expects tea for affordable price and the quality for the money they

pay.


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LO 3.2

Demand and Supply Curve

Figure No.2 Demand and Supply Curve

In Ancoombra tea factory can see positive shift in Demand 1 and Demand 2 resulting

increase in price also increase in quantity as well, this happens very rarely in any

organization and this tells the quality and the trust of the consumers for the tea from this

organization.

Porters 5 Forces

1. Threat of Suppliers –

Labour, Machinery, Transporters and Tea Plantations

2. Threat of Buyers –

Nature of Product, Initial Buyers and Final Buyers

3. Threat of Substitute –

Biggest threat to package industry is loose tea industry and Beverages

4. Entry and Exit Barriers –

Barriers for tea factories, plantation, distributors and packages and consumers

5. Degree of Rivalry

There are varieties of tea available in market and almost all the same in quality

wise so if another company reduces the price consumer will switch it to other

substitute because switching cost is low.


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Sales Figures of Ancoombra Tea Factory

Sales for January 2012

Tea Kg Per day = 200

Tea for Month = 200kg x 30 days = 6000Kgs per Month

Sales for February 2012



Sales for March 2012



Sales for April 2012



Sales for May 2012




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LO 1.3

Organization Responsibility

Social

Social Responsibility means an act to benefit society to large extent.

Ancoombra tea factory as proved that they values social responsibility and also they won

H.A.C.C.P health certification for maintaining the most hygienic standards of tea production.

Environmental

Environmental Responsibility means the way waste is treated and disposed properly.

Ancoombra tea factory uses fully Automated Orthodox tea processing systems as well as the

C.T.C (Cut, Twist & Curl) method of tea manufacture. There is an old saying “seeing is

believing” and Ancoombra welcomes all to visit and witness wondrous process of manufacturing

finest blend of tea.

Managerial

They follow moral principles and values that govern of a group or person with respect right or

wrong. Ancoombra tea factory has won ‘Entrepreneur of the year’ National award in 2007 so it

tells that best managerial activities carried out in the organization.

Employee

Ancoombra tea factory gives equal opportunities to all employees without discriminating. Also

take care or employees well-being. They make employees to work for minimum hours (8hours).

They also give promotion to skillful employees and motivate new/training employees so they

feel good to work. Also create a safe and healthy place for work with all necessary requirements

applicable for safety and health situations.


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Section 2

LO 2.1

Economic Problems

Economic Systems:

1. Command Economy

2. Free Market Economy

3. Mixed Economy

1. Command Economy

Fully owned and control by Government

Collective Decision Making

Government decides answer for all three economic problems

Benefit goes to members only

Central planning committees

2. Free Market Economy

Called as Capitalism

Owned by Private Sector

Ability to pay, supply & demand influence the decision making

Less Government intervention

Countries which practice this system are United Kingdom, United States of

America and Germany (but can’t find 100% Free market Economy in the world)


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3. Mixed Economy

Public Ownership

Free enterprise sector

Both Public and Private sector involved

Basic Economic Problems

1. What to produce

2. How to produce

3. To whom to produce

1. What to Produce:

It is depend on what customer wants to buy and the affordability cost they can pay

to own the product. Produce goods with the minimum resources available and

making maximum output of it.

2. How to Produce:

Using the most appropriate production method by considering what types of

technologies needed to be use. Choice about who will produce & what mix of

resources use. Depend on the cost of resources and efficiencies of resource

utilization.

3. To whom to produce:

Deciding on whom the product is produce and will be distributed. What type of

Social class and groups targeted.

Eg: SL and UK


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Solving Basic Economic Problems

1. Free market economy and problem solving.

Free market economy is called as capitalism. For this free market government intervention is

very low. All decisions are taken by the market mechanism. In this free market economy all

firms are trying to maximize their profit. Customers are trying to buy goods with more benefits

for least price and workers are trying to maximize their wages.

What to produce?

When firms are deciding what to produce they are trying to select products which help to earn

highest profit. Firms are only trying to maximize their profit. This decision is mainly depending

on this factor.

How to produce?

After selecting a product which helps to gain maximum profit firms is trying to decide the way

they are going to produce it. To produce that product firms are trying to select the cheapest way.

Because of this firms are used to select dense resources to produce that product. Not only are the

dense resources firms trying to find workers who can hire cheaply.

Whom to produce?

Once a firm targets a market it has to select the product according to the same. Always the firms’

aim is to maximize their profits. Therefore the firms will mainly targets on the consumers who

have more purchasing power & it helps when pricing the product.


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2. Command economy and problem solving

This economy is called as planned economy or Socialism. The command economy is totally

controlled by the government and the decisions are taken by the central planning committee.

What to produce?

When control planning committees are taking this decision they are trying to ensure the welfare

of the society. So the central planning committees are trying to produce products which are not

harmful to the society.

How to produce?

After selecting a product central planning committees are trying to select a process which is not

harmful to the society. Therefore to take this decision central planning committees are

concerning about factors such as, unemployment of the society, capital density and the welfare of

the society. Central planning committees will help to reduce unemployment by taking decisions

to use those people in production process.

Whom to produce?

After selecting a product the production process central planning committee will decide the

targeted group. In this central planning committee will concern about the whole society as well

as the equal distribution between the social classes.


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3. Mixed Economy and problem solving

This market is a combination of the market economy and command economy. It will help to

secure the social security and the competitiveness of the market. In this market there are

enterprise sector, public ownership and welfare sector. In this market government intervention

are in three types,

Provision or prohibition.

Subsidy or taxation.

Regulations.

What to produce?

In this market private sector is taking decisions to produce products which can give highest profit

and which can meet customer needs and wants to fulfill their demand. But the production should

follow government rules and regulations.

Government is taking decisions to produce products which can secure the social welfare (mainly

the service sector).

How to produce?

In this element private sector is taking the cheapest way to produce a product. Private sector is

using dense resources and cheapest methods to produce a product to reduce the cost.

Government is taking care of the social welfare and they will concern about the capital density

and other social factors to decide the production process. Government will select the process

which is help to secure the social the social welfare, reduce the unemployment and the

environmental protection.

Whom to produce?

When selecting a target group private sector will select the higher income group of the society.

Mostly private sector is only concerning about the highest profit.

Government will select especially the service sector to ensure the social welfare. Therefore the

government will target the whole society.

When concerning about Sri Lanka and UK both countries have mixed economies where both

government and private sectors producing products and services to the society.


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LO 2.2

UK National Fiscal and Monetary Policy

Fiscal Policy

Fiscal policy is modification of spending government or taxation to help macro-economic

objectives by changing level of aggregate demand. Also can’t change after approved by the

government and it also give better support to government

Can divide Fiscal Policy into two

1. Discretionary policy – Policies which are decided and implemented

2. Automatic stabilization - where economy can be stabilized by processes

Key Forces of Fiscal Policy

Government plan what it wants to spend

How much need to raise in income or by borrowings

What form and how much from taxes

Done once a year


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Monetary Policy

Monetary Policy is referred to Central bank. They maintain value and supply of money. In order

to control inflation, stabilize currency. Monetary Policy is one way that government can impact

on the economy by impacting the effective cost of money, the Central Bank can affect the money

that is spent by consumers and businesses.

Figure No.3 UK Budget Deficit

This graph shows how the UK's budget deficit has fluctuated as a percentage of the country's

economic output (GDP)

Figure No.4 Inflation rate

The inflation target is symmetrical because a rate of inflation above the target is considered as

damaging as a rate of inflation above the target.


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UK interest rates

Figure No.5 UK Recent Interest Rate

In recent years. Interest rates have been adjusted to reflect changing inflationary pressure, and

general macro-economic conditions.


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Impact on Business

Fiscal Policy

Fiscal policy will impact on Taxation. Government main income revenue is by tax. This might

put a block to the new investors as well as the old business organization. Tax is a main income

for government and all the organizations should pay taxes on their revenues.

Increase Tax Reduce Inflation

Monetary Policy

Monetary Policy is there to support Fiscal policy and to manage demand.

Monetary Policy will affect the business in following ways:

Control by money supply

Control over credit

Exchange rate

Interest rate

Business cycle

Spending

Employee


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LO 2.3

UK Competition policy and Regulatory bodies

Competition Policy

Competition policy means the activities carried out two or more business in order to capture a

certain market. Competition is must because it will help businesses to produce quality products

and maximize the benefits to consumers.

It will ensure following factors:

Lower Prices

New Innovation

Improved Service

Great Efficiency

Great Quality

Pillars of Competition Policy

Merger Control - Rule adopted to prevent anti-competitive behavior

Market liberalization – Enables new competitors and provide best for consumers

State Aid Control - Is ensure government intervention do not affect the competition

Cartels – Formal agreement between competitive firms


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Impact of Competition Policy of Selected organization

Competitive Advantage

A competitive advantage is an advantage over competitors gained by offering consumers greater

value, either by means of lower prices or by providing greater benefits and service that justifies

higher prices.

Competitive Commission

It’s an independent body that makes healthy competition is carried out in the market by business

firms. Also ensuring Business firms are benefited as well as consumers.

Role of Regulatory Bodies

Government

Government is the only body who has power of influencing and implementing regulations on

Prices. On goods and services such as Water board but before implementing they should inform

to the public through parliament

Generalized system of preferences

GSP is the system of preferential trading through which the European Union extends preferential

access to its markets for imports from developing countries.

The New “GSP+", system allows duty-free access to the EU for approximately 7,200 products

from small and vulnerable developing countries. Sri Lanka was accommodated under GSP+ as a

special case to enable recovery of development of the economy after the Tsunami Disaster.


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Central bank of Sri Lanka

CBSL is responsible for regulating financial system of the country, Their 2 main objectives are

1. Maintaining economic and price stability

2. Maintaining financial system stability

CBSL handles Sri Lanka’s foreign exchange management functions on behalf of government

Staff regulatory body

Consider about salary, age limit, leaves, EPT and ETF Benefits to employees

Health and safety regulatory bodies

Promote health care programs for employees

Standard regulatory bodies

The Standards will be given to the business such as ISO 14001 for Waste Management System,

ISO 14001:2004 for environment management. And also some certificates such as SLS,

CODEX.

Consumer based regulatory bodies

This consider about packaging system by mentioning Expiry date, Manufacture date and Price.

Influence of Regulatory Bodies

Regulatory bodies play a major role in a countries economic system. The regulations were

implemented for the betterment for business organizations and consumers but it can go in either

way. A firm should cross all the barriers come from external environment and should make use

of the scarce resources.


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LO 4.1

International Trade

Trading Between two or more countries is known as International Trade. Also known as trading

transactions between people leaving in different countries

Advantages

A Country may import a product which is not available or cannot be produced

Utilization of resources

Benefits to Customer

Utilization of surplus produce

Disadvantages

Over Specialization

Import of harmful goods

It may lead to war

One country gain other country loses

How UK Business is affected by International Trade

The international trade, the economies will grow faster because of foreign investment. The

companies can target lot customers by expand their business into other countries. International

trade can bring new technologies into the country by having economies open. Country offers the

most attractive investment opportunities. UK business organization if they don’t involve in this

international business they can only sell and trade their product and might loss customers from

other countries. Because of the different geographic location all the countries are depend on

other countries products. As a result the economic will be important.

On the other hand they will be able to face more competitors there. And also the tax and rules

and regulations are also can be a barrier for this organization when it is export business. And also

the foreign exchange will also affect the business greatly.


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LO 4.3

Impact of Policies in European Union

The European Union (EU) is an economic and political partnership between 27 democratic

European countries. With a population of almost 500 million, the EU generates an estimated

30% share of the nominal gross world product. The EU has developed a single market through a

standardized system of laws which apply in all member states, ensuring the freedom of

movement of people, goods, services and capital. It maintains common policies on trade,

agriculture, fisheries, and regional development. A common currency, the euro, has been adopted

by sixteen member states. It has developed a limited role in foreign policy, having representation

at the WTO, G8 summits, and at the UN.

Impact of European Union in UK Business

EU mainly include manufacturing sector to boost enterprises EU economy. Estimates show that small-

and medium-sized enterprises (SMEs) have raised. 6% of the EU GDP.

Benefits

Euro – It has reduced currency consideration faced by European Countries

Harmonized standards – technical and Safety Standards

Movement of people – UK Citizens have right to live and spend in any European Countries

Policies of EU

Common Industrial Policy

Common monetary Policy.

Common agricultural Policy.

Taxation.

Foreign and Security Policy.


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Common Industrial Policy.

This policy helps to encourage merging industries in UK such as BBC

microcomputers.

This policy helps to expand the businesses by adding low tax rates. Influences on

trade agreements and giving subsidizing.

Common monetary Policy.

Decisions regards the monetary policy is taken by the economic and Monetary Union.

All countries in EU are using Euro (E) as the common currency. But UK is still not using

Euro (E) as the common currency.UK is using sterling pound (E) as the currency.

Because it’s not easy to convert pound to Euro.

Common agricultural Policy.

Common agricultural policy is the single largest policy across the EU

All the agricultural products which are exporting to other European countries and

which are importing from other European countries should be high quality, safe

and sufficient quantities.

Should maintain a high standard of Environment care and animal welfare.

Taxation

All members should follow the same rules when they are deciding the tax rates.

EU is directly influencing to the VAT rates. To make a fair competitions.UK

should consider these rules and regulations when deciding the tax rates. These

rates will influences to the organization.

Foreign and Security policy.

Under This policy all European countries are getting together to speak and act as one in the

world.

All Nations are getting together to do the disarmament operations, Rescue tasks and to give

military advice and assistance.EU is doing these things to support third countries in world to

eliminate the terrorism.


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Recommendations and Conclusion

The Ancoombra Tea Factory has 168employees currently. But it is not enough because this is

large business organization which distributes tea all over the island. Due to the lack of employees

Ancoombra tea factory takes more time to place the order and it will lead to loss of market share

and customers. So Ancoombra Tea Factory needs to solve this problem by recruiting more

employees.

As above mentioned in the report there are some strengths, weaknesses, opportunities and threats

to the organization. To achieve higher positions in the industry is to overcome on weaknesses

and taking advantages from opportunities and finding solutions for threats.

To enter into the UK Ancoombra Tea factory should have better plans, should do market

researches and should invest more money on the business. Before enter to the market strategic

management should study about the behavior of UK market, UK policies, laws, UK’s cultural

and social background, and UK’s trends about their tastes and should create better strategies to

face those factors effectively.

The Ancoombra Tea Factory should to market analysis before entering UK market because it

will be more effective for their long term survival in Tea Sector in UK. More researches will

help the Tea factory to find the market opportunities by overcoming them effectively and

efficiently the garment can compete well within the UK organizations.


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References

1. Ancoombra Tea Factory Proprietor Mr.Ziyaudeen (Telephone Number : 066 2224254)

2. Lecture Notes

3. Meezans Group Sri Lanka (Online) (cited 24th June 2012) Available From <URL:

http://www.meezans.com/factory/index_anco.html >

4. Economies Online (Online) (cited 24th June 2012) Available From <URL: http://economicsonline.co.uk/ >

5. Inflation Rate (Online) (cited 24th June 2012) Available From <URL:

http://economicsonline.co.uk/Global_economics/Inflation.html>

6. Interest Rate (Online) (cited 24th June 2012) Available From <URL:

http://economicsonline.co.uk/Global_economics/Monetary_policy.html>

http://www.meezans.com/factory/index_anco.html

http://www.meezans.com/factory/index_anco.html

http://economicsonline.co.uk/

http://economicsonline.co.uk/Global_economics/Inflation.html

http://economicsonline.co.uk/Global_economics/Monetary_policy.html


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Appendices


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Awards and Trophies

business environment assignment

Documents

central planning committee

central planning committees

uk national fiscal

sri lanka airlines

ancoombra tea factory

common agricultural policy

year national award

uk competition policy