• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

The Government Policy/Authority On Supervising the Market.

Extracts from this document...

Introduction

THE GOVERNMENT POLICY/AUTHORITY ON SUPERVISING THE MARKET Business 2 Alleyn Wang Terry Chen Instructor David Jones 27th MAY 2003 Abstract The UK government has taken lots of forces on supervising the market, both in policy and departments. With the development of the market, the focus for government supervising regularly moves on to the monopoly related activities nowadays. Hence some related and specific legislations and organizations are issued and formed to fight against the informal and unequal business activities, especially the monopoly affairs. Then with the intervention of EU laws and organizations, the UK original ones were forced to be re-fixed or replaced, in order to better fit into the uniform EU market. Al though the UK policies and legislations have been changed several times, since they were issued/formed, lots of UK business have been successfully investigated and supervised, such as the supermarket. Generally, the UK have done well on supervising the market running well before, as the market becomes more and more complex, the UK government need to better improve itself to keep the market running and growing on track. Introduction The UK market has been grown over ages; it is now a relatively mature and formal market. ...read more.

Middle

On the other side, the government is trying its best to prevent this kind of activities even if reset the related laws. In this complex and reflecting business environment, how the governments deal with them, and how the firms take reactions? Here we may take the supermarket, Safeway, as an example. The Safeway is one of the largest supermarkets in Britain, which is now the leading retailer in the British grocery market. With 90,000 employees and about 480 stores in nation wide, its chains attract nearly 8 million consumers per week. At first Safeway was an US owned company named Safeway food stores ltd in California. The first store formed in Bedford in 1962. After twenty years, the branch companies have expanded to 133, taking large/dominant shares in the UK food retailing market. The Safeway grew sharply in a large extent depending on the good relationship with their suppliers. Because they know the business they are running is the fruit supermarket, which is like the agency between consumer and supplier. The only efficient way to rival with other supermarkets is to get the goods with better quality and cheaper price. Notably allied suppliers and keep good relationship with them is one of the reasons why they so successful. ...read more.

Conclusion

So the hearing would be going on until it came out a conclusion, which could protect the public interests. Conclusion In conclusion, as growing of UK market, rising in business crimes and developing of European Single Market, the UK laws and organizations should be better prepared for the new challenges brought by the development of UK economy. Although both of the laws and departments made by the UK government have limited management and sovereignty authority, a well-operated and healthy market cannot be kept on track without any laws and organizations. The aim of the government to set up such laws and departments has been regularly moved from preventing the expending/enlarging of the irregular business activities, to preventing the happening/symptom of monopoly affairs. The monopoly affairs will go on and the work of UK organizations to prevent merger and monopoly will also go on. Bibliograghy Online webs: n.d, 2003, Fair Trading Act, from http://www.oft.gov./business/legal+powers/fair+trading+act.htm nd, 2003, Competition Act 1998, from http://www.oft.gov./business/legal+powers/competition+act+1998.htm Helena Keers, May 2003, Morrison leaves open Safeway joint bid, from http://money.telegraph.co. n.d, May 2002, Supermarket Campaign, SAFEWAY'S GENETICALLY ENGINEERED FOOD: TESTED ON KIDS, NOT MOTHER APPROVED, from http://www.organicconsumers.org/supermarket/safewayalert.cfm many authors, 2003, Topic: UK/European supermarket, from http://www.grocersnews.com/html/supermarket__europe.html n.d, 2003, about us, from http://www.safeway.com n.d, 2003, Morrison reveals 'disappointment' at Safeway referral, from http://www.foodanddrinkeurope.com/news/retail.asp The book: Bruce R Jewell, 2001, Business Studies, Competition Policies, the 4th edition ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Economy & Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Economy & Economics essays

  1. Toyota Motor Company Limited

    computer industry. Porter contends, it is important to look beyond one's immediate competitors, as there are other determinants of profitability. Specifically there might be competition from substitute products or services. Buyers may perceive these alternatives as substitutes, even through they are part of a different industry.

  2. Retailing In India - A Government Policy Perspective

    With the opening up of the economy in the early nineties, India saw the entry of the big international brands that opened their exclusive stores. Reebok, Nike, Lacoste, United Colors of Benetton were a few of the first retailers to set up their shops in India.

  1. An Empirical Investigation into the Causes and Effects of Liquidity in Emerging

    However, US corporate liquidity does not respond to increasing yield on US Treasury securities as it does in the second equilibrium. The reason for the surprising results may be the increased coefficients on the other explanatory variables. The third equilibrium sees an increase of the S&P 500 index level by

  2. Chinese car market overview. Citroen case study

    in the hands of the people that had enough money to finance such an acquisition, and could also be used as taxis in the cities. With the development of China and the increase of the Chinese average wage, these modern cars are more accessible to the modest classes of the population.

  1. Use game theory to analyze an oligopoly competition of two great rivals, Wal-Mart and ...

    Both were launched in China market nearly at the same time: Carrefour came in 1995 and Wal-Mart was one year later. But Carrefour has carried out more outstanding achievements in China than Wal-Mart. Business department published retail statistics which show that up to January 2006 Carrefour ranked number one among

  2. To what extent was Nazi economic policy ideologically driven?

    The New plan was also driven by the fact that the Nazis needed to remain popular in the short term if they were to succeed in the long term with their ideological ambitions. Part of the four year plan was to keep the people happy and they managed to do this by keeping consumer production to tolerable levels.

  1. Monetary policy of a globalised economy

    International trade and finance involve the use of different national currencies, which are linked by relative prices called foreign exchange rates. A very important exchange rate system is floating exchange rates, in which a country's foreign exchange rate determined by market forces of supply and demand.27 The untied states, Europe and Japan today operate floating exchange rate systems.

  2. Critically evaluate the perceived competitive starategies of the five clothing retail outlets, namely Edgars, ...

    The distribution of formal retail sales over a twelve month period according to product group shows the lowest percentage sales for household furniture in January (5,8 % of the total), while the highest sales are reflected for jewellery, silverware, watches and precious stones in December (17,6 % of the total).

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work