Global Factors on Business Environment

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Unit Name: Unit 1 Business and Business Environment

Task 1
1.1 As part of this support and development plan, you are required to research and review the local businesses and provide a report on a range of organisations currently operating in your area, including the identification of their purposes (AC 1.1). To cover different types of organisations, you should select at least four different ones such as private, public, voluntary, government and identify which sector these are in.

1.2 In addition, you are also required to discuss the variety of stakeholders those organisations have and to which extent they manage to meet the objectives of different stakeholders.

1.3 As part of the report, you have been asked to provide an explanation of the responsibilities those organisations have and strategies they employ to meet those responsibilities

2.1 Explanation of how economic systems (command, free-market and mixed systems) attempt to allocate resources effectively.

2.2 Assessment of the impact of fiscal and monetary policy on business organisations and their activities

2.3 Evaluation of the impact of competition policy and other regulatory mechanisms on the activities of an organisation of your choice.

2.4 Explanation of how market structures determine the pricing and output decisions of different businesses.

2.5 Illustration of the way in which market forces shape organisational responses using a range of examples.

2.6 Judgement on how the business environment (political, economic, social, technical, legal and environmental factors) and cultural environments shape the behaviour of an organisation of your choice.

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