Unit 1 Business Environment - Walmart - Level 5 Diploma in Business

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Program: Diploma in Business

Unit Name: Unit 1 Business Environment - Walmart

Level: Level 5

Task 1 Understand the organizational purposes of business
1.1 Identify the purposes of different types of organizations
1.2 Describe the extent to which an organization meets the objectives of different organization. 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
2.1 Explain how economic systems attempt to allocate resources
2.2 Access the impact of fiscal and monetary policy o business organizations and their activity
2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization

Task 3 Understand the behaviour of organizations in their market environment
3.1 Explain how market structure determine the pricing and output decisions of business. Apply different pricing strategies to your organization.
3.2 Illustrate the way in which market forces shape illustration responses using a range of examples
3.3 Judge how business and cultural environment of your selected organization and assess to what extent it shapes the behavior of the organization.

Task 4 Be able to assess the significanace of the global factors that shape national business activities
4.1 Discuss the significance of international trade to UK business organizations
4.2 Analyze the impact of global forces on UK business organizations
4.3 Evaluate the impact of policies of the European Union on UK business organization

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