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Unit 1 Demand Supply in Business Environment -Level 5

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Unit 1 Demand Supply in Business Environment

Level 5

Task 1

1.1 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.

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

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

Task 2

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

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

Farming

Housing

2.3 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

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

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

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

Task 4

4.1 Discuss the significance of international trade to UK business organizations.

4.2 Analyze the impact of global factors on UK business organizations.

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


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