Unit 1 Business and Business Environment

Unit Name: Unit 1 Business and Business Environment

Task 1

Identify the purposes of different types of organization

Describe the extent to which an organization meets the objectives of different stakeholders

Explain the responsibilities of an organization and strategies employed to meet them

Explain how economic systems attempt to allocate resources effectively

Assess the impact of fiscal and monetary policies on business organizations and their activities

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

Task 2

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

Illustrate the way in which market forces shape organizational responses

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

Discuss the significance of international trade to UK business organizations

Analyse the impact of global factors on UK business organizations

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

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