Unit 1 Business Environment - Level 5

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

Introduction: Primark Business Environment

Task - 1

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

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

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

Task - 2

2.1 Different countries operate different economic systems to attempt to allocate resources effectively.

2.2 In the UK the Chancellor of the Exchequer and the Bank of England plays a significant role in regulating the economy. The tools used by them are referred to as Fiscal and Monetary policies respectively.

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.

Task - 3

3.1 Explain how pricing and output decisions of businesses is determined in the following market structures.

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

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

Task - 4

4.1 Discuss the significance of international trade to UK business organization.

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

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

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