Unit 1 Business Environment- Level 4

Unit 1 Business Environment

Level 4

LO1: Understand the organisational purposes of  businesses.

Q1.1 Identify four different types of organisations that exist in the UK in terms of their legal structure.

LO2: Understand the nature of the national environment in which businesses operate.

2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities.

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

LO3: Understand the behaviour of organisations in their market environment.

3.1 Explain how market structures determine the pricing and output decisions of businesses.

3.2 Illustrate the way in which market forces shape organisational responses using a range of examples.

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