Impact of global factors on UK business organizations

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

Introduction: Primark Business Environment

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Task - 1

Question 1 Identify what type of organization is Primark and discuss its purpose?

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

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

Task - 2

Question 1 Different countries operate different economic systems to attempt to allocate resources effectively.

Question 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.

Question 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

Question 1 Explain how pricing and output decisions of businesses is determined in the following market structures.

Question 2 Illustrate the way in which market forces shape organizational responses using a range of examples.

Question 3 Judge how the business and cultural environments shape the behavior of a selected organization.

Task - 4

Question 1 Discuss the significance of international trade to UK business organization.

Question 2 Analyze the impact of global factors on UK business organizations.

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

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