international business environment impacts on retail industry

Table of Contents Summary In this individual term report, I will write a report to analyze how the international business environment impacts on retail industry. In the body of this report, 1 Identify the retail industry and the function of this industry. Present some researches on retail industry on economic, financial factors by focusing on over the past two years. And then, show the effect of socio-cultural in retail industry. Give some examples. I will use the relevant course concepts and theoretical frameworks to analyze the main changes of retail industry. Give some suggestions about MNCs management strategies for retail industry. Analyze some problems of retail industry and suggest some solutions in future developments of the†¦show more content†¦There are more and more influences in modern life. In modern daily life, retail industry plays a significant role. The independence of retail industry increases rapidly. Without retail industry, people have to spend much more energy on finding the goods and service for their daily lives. With the development of retail industry, people could get the products and service in an easier way. Specialism and diversification make the chain from producers to customers become more effective. At the same time, we should thank retail industry for reducing the cost and time spending on goods and service. Small profits but quick turnover is a most important characteristic of retail industry. Thus, we can say that a basic function of retail industry is distributing recourse in a reasonable way. With the development and use of internet technology, retail industry has become more and more various. Such as shopping on internet is becoming a famous type of shopping. All of above about make retail industry become more and more complete and convenient. In last 10 years, retail industry has become an important part of people’s daily life. Analysis Retail industry, as a kind of business actions, is influenced by many factors such as economic environment, culture environment, political environment and technology development. In this part, I will analysis the role of retail industry in the whole economic environment. Then, I will analysis the influence from cultureShow MoreRelatedHuman Resource Strategies Of Fashion1663 Words   |  7 Pagesfashion industry thrived. Later on the 20’s the industry has grown across suburbs, designer as well as brands has spread across Australia. However, Australian fashion retailer is in a challenging position, it has become a global shift in the last few years, with 15 percent of the world’s top 250 retailers has already set up stores in Australia (Heffernan, 2015). 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