Unit 1 Cultural and Business Environment - Level 5

Unit 1 Cultural and Business Environment & Level 5 (Diploma in Business)

Task 1

1.1 Identify the type of organisation Primark is and discuss its purpose. Also discuss the purpose of one of these types of organisation with an example

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

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

Task 2

2.1 Different countries have different economic systems. Identify and comment on the economic systems of the following countries.

2.2 The impact of fiscal and monetary policies on the following type of businesses.

2.3 Identify the competition policy and other regulatory mechanism that affect business organisation

Task 3

3.1 Explain how market structures determine output decisions and pricing strategy of business in different economic systems

3.2 Discuss the ways in which market forces of demand and supply shape organisational responses.

3.3 Judge how cultural and business environment shape the organisational responses

Task 4

4.1 Discuss the significance of international trade to UK business organisations

4.2 Discuss the impact of global factors on UK business organisations

4.3 How do EU policies affect UK companies

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