Unit 1 Business Environment- Sainsbury- Level 4

Unit 1 Business Environment- Sainsbury

Level 4

Task 2

P 2.1 Giving relevant examples, briefly explain how different economic systems such as: command, free enterprise, mixed and transitional systems attempt to allocate resources effectively with reference to Sainsbury PLC.

P 2.2 Considering Sainsbury PLC UK assesses the impact of fiscal and monetary policy on their activities.

P 2.3 Explain the impact of competition policy and other regulatory mechanism on the activities of Sainsbury PLC UK.

Task 3

P 3.1 Explain how market structures determine the pricing and output decisions of Sainsbury PLC UK.

P 3.2 Illustrate how market forces shape Sainsbury PLC UK responses using a range of examples.

P 3.3 Explain how the business and cultural environments shape the behaviour of Sainsbury PLC UK.

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