Unit 1 Business Environment Primark

Unit 1 Business Environment Primark

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; a) The public sector, b) Charity and c) Cooperative

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. Research project and explain the type of system operated in the following countries and reasons why you think they follow these systems. a) Cuba, b) United Kingdom and c) China

2.2 You are required to assess the impact of fiscal and monetary policy on the following type of businesses. a) Farming and b) Housing

2.3 You are required to identify at least five competition policy and other regulatory mechanisms in the UK and evaluate their impact on the activities of a selected organization(s).

Task 3

3.1 Explain how pricing and output decisions of businesses is determined in the following market structures a) perfect competition, b) monopoly, c) oligopoly and d) duopoly

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 organisations

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