International trade to UK business organisations

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

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Task 1

Question 1 Identify type of organisation of Primark and discuss its purpose along with the other types of the organisation

Question 2 Describe the extent to which Primark meets the objectives of its different stakeholders

Question 3 Explain the responsibilities of Primark as an organisation and the strategies employed to meet them

Task 4

Question 1 Discuss the significance of international trade to UK business organisations

Question 2 Analyse the impact of global factors on UK business organisations

Question 3 Evaluate the impact of policies of the European Union on UK business organisations

This unit provides a comprehensive overview of the business environment, encompassing both internal and external factors that influence organizational operations and decision-making. Students will gain insights into the different types of businesses, their stakeholders, and the wider macro- and micro-environments that shape their success.

Key topics covered in this unit:

• The nature of business and its role in society
• Types of businesses, ownership structures, and organizational forms
• Stakeholders and their impact on business operations
• Macro-environmental factors: PESTLE analysis
• Micro-environmental factors: Porter's Five Forces

Learning outcomes:

• Define and explain the concept of the business environment
• Classify different types of businesses and understand their characteristics
• Identify and analyze the key stakeholders of a business
• Apply PESTLE analysis to evaluate macro-environmental factors
• Utilize Porter's Five Forces to assess the micro-environment

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