Discuss the significance of international trade

Unit 1 Economic Systems in Business Environment Assignment Help - Unit 1 Economic Systems in Business Environment - HND in business
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Unit 1 Economic Systems in Business Environment

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Task 1
Understand the organisational purposes of business

Question 1 Identify the purposes of different types of organizations
Question 2 Describe the extent to which an organization needs the objective of different stakeholders
Question 3 Explain the responsibilities of an organization and strategies employed to meet them

Task 2
Understand the nature of the national environment in which businesses operate:
Question 1 Explain how economic systems attempt to allocate resources
Question 2 Assess the impact of fiscal and monetary policy on business organizations and their activities
Question 3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization

Task 3
Understand the behaviour of organization in their market environment

Question 1 Explain how market structure determine the pricing and output decisions of business
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 environment shape the behavior of selected organization

Task 4
Be able to assess the significance of the global factors that shape national business activities

Question 1 Discuss the significance of international trade to UK business organization
Question 2 Analyze the impact of global forces on UK business organizations
Question 3 Evaluate the impact of policies of the European Union on UK business organization

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