Compare the challenges to selected business activities within Marks and Spencer, in two different economic environments.
Task: Focus on challenges faced by Marks and Spencer.
– For example demonstrate how economic growth influenced M&S including evidence of research to support your description.
– For example demonstrate how the recession influenced M&S including evidence of research to support your description.
Think about the following:
• pay levels,
• cost of credit (interest rates)
• competitive pressures,
• energy prices,
• supply and demand
• the ripple effect
Make a comparison of the problems/challenges faced by M&S in the 2 different economic environments.