Unit 1 Business Environment - Primark - Level 5

Unit 1 Business Environment - Primark - Level 5 (Diploma In Business)

Task 1

1.1 Identify the purposes of different types of organisation.

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

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 Evaluate the impact of competition policy and other regulatory mechanisms 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 organisational responses using a range of examples.

1.3 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 Analyze the impact of global factors on UK business organisations

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

Assess the various ways a small business owner can exit the business

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