Unit 1 Business Environment - McDonald’s - Level 5

Unit 1 Business Environment - McDonald’s - Level 5 (Diploma in Business)

Task 2

2.1 Explain how economic systems attempt to allocate resources effectively

2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities

2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation

Task 3

3.1 Explain how market structures determine the pricing and output decisions of businesses

3.2 Illustrate the way in which market forces shape organisational responses using a range of examples

3.3 Judge how the business and cultural environments shape the behaviour of a selected organisation

Task 4

4.1 Discuss the significance of international trade to UK business organisations

4.2 Analyse the impact of global factors on UK business organisations

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

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Level 5 in Business

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