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Unit 1 Business Environment Level 4

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Unit 1 Business Environment

Level 4

Task 3: The behaviour of your chosen organisation in its market environment

AC3.1 Explain how market structures determine the pricing and output decisions of your chosen organisation.

AC3.2 Discuss how market forces shape the way in which your chosen organisation responds in the business environment in which it operates.

AC3.3 Discuss how the external business environment and cultural factors shape the behaviour of your chosen organisation.

Task 4: Significance of the global factors that shape UK national business activities

AC4.1 Discuss the significance of international trade to UK business organisations.

AC4.2 Analyse the impact of global factors on UK business organisations.

AC4.3 Evaluate the impact of European Union (EU) policies on UK business organisations.


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