How economic systems attempt to allocate resources effectively

Unit 1 Business Environment Global

Task 1

Question 1.1 Identify what type of organization is Primark and discuss its purpose.

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

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

Task 2

Question 2.1 Explain how economic systems attempt to allocate resources effectively.

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

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

Task 3

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

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

Question 3.3 Judge how the business and cultural environments shape the behaviour of a selected organization.

Task 4

Question 4.1 Discuss the significance of international trade to UK business organizations.

Question 4.2 Analyze the impact of global factors on UK business organizations.

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

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