Unit 1 Business and Business Environment - Level 5

Unit 1 Business and Business Environment - Level 5 (Diploma in Business)

Task-1

1.1 Identify what type of organisation is Primark and discuss its purpose. In addition identify and discuss the purpose of one organisation within the following categories?

1.2 Describe the extent to which Primark meets the objectives of its different stakeholders?

1.3 Explain the responsibilities of Primark as an organisation and the strategies employed to meet them?

Task-2

2.1 Different countries operate different economic systems to attempt to allocate resources effectively?

2.2 Assess the impact of fiscal and monetary policy?

2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization?

Task-3

3.1 Explain how pricing and output decisions of businesses is determined in the following market structures?

3.2 Illustrate the way in which market forces (demand and supply) shape organisational responses using a range of examples (diagrams are essential)?

3.3 Judge how the business and cultural environments shape the behaviour of a selected organisation?

Task-4

4.1 Discuss the significance of international trade to UK business organisations?

4.2 Analyse the impact of global factors on UK business organisations?

4.3 Evaluate the impact of policies of the European Union on UK business organizations?

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