Unit 1 Business Environment on Primark - Level 5

Unit 1 Business Environment on Primark - Level 5 (Diploma in Business)

Task 1

1.1 Identify what type of organisation is Primark and discuss its purpose. In addition identify and discuss the purpose of one organisation 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 organisation and the strategies employed to meet them.

Task 2

2.1 Different countries operate different economic systems to attempt to allocate resources effectively. Research and explain the type of system operated in the following countries and reasons why you think they follow these systems.

2.2 In the UK the Chancellor of the Exchequer and the Bank of England plays a significant role in regulating the economy. The tools used by them are referred to as Fiscal and Monetary policies respectively.

2.3 Competition is an essential element in the efficient working of markets. However businesses are of different sizes and that can create unfair competition. In the UK as in other European nations Competition policies are used to encourage and improve the competitive process, and to ensure consumers feel the benefits of that process.

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 organisational responses using a range of examples (diagrams are essential).

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 organizations.

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

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

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