How pricing and output decisions of businesses is determined

Unit 1 Demand Supply in Business Environment

Level 5

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Task 1

Question 1 Identify what type of organization is Primark and discuss its purpose. In addition, identify and discuss the purpose of one organization within the following categories.

Question 2 Describe the extent to which Primark meets the objectives of its different stakeholders.

Question 3 Explain the responsibilities of Primark as an organization and the strategies employed to meet them.

Task 2

Question 1 Research and explain the type of system operated in the following countries and reasons why you think they follow these systems.

Question 2 Assess the impact of fiscal and monetary policy on the following type of businesses

Farming

Housing

Question 3 Identify at least five competition policy and regulatory mechanisms in the UK and evaluate their impact on the activities of a selected organization.

Task 3

Question 1 Explain how pricing and output decisions of businesses is determined in the following market structures

Question 2 Illustrate the way in which market forces (demand and supply) shape organizational responses.

Question 3 Judge how the business and cultural environments shape the behavior of a selected organization

Task 4

Question 1 Discuss the significance of international trade to UK business organizations.

Question 2 Analyze the impact of global factors on UK business organizations.

Question 3 Evaluate the impact of policies of the European Union on UK business organizations.

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