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Unit 1 Business Environment- Level 4

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Unit 1 Business Environment

Level 4

Task 1: Business Organization Purposes

P 1.1 Identify the purposes of different type of organization in England.

P1.2 Describe the extent to which it meets the objectives of its different stakeholders.

P1.3 Explain the responsibilities of the organisation and strategies employed to meet them.

Task 2: Nature of the National Environment

P 2.1 Explain generally how economic systems attempt to allocate resources effectively.

P2.2 Assess the impact of fiscal and monetary policy on businesses and their activities, with special reference to the national environment in England.

P2.3: Evaluate the impact of competition policy and other regulatory mechanisms on the activities you expect of your production company in England.

Task 3: Organisation behaviour in the market environment

P3.1: Explain generally how market structures determine the pricing and output decisions of businesses.

P3.2: Illustrate the way in which market forces shape organizational responses and how they may shape the responses of the planned production company in England.

P3.3: Judge how the business and cultural environments in England shape the behaviour of your planned production company.

Task 4: Assessment of Global Factors shaping Business Activity in England

P4.1: Discuss the significance of international trade to UK business organizations.

P4.2: Analyse the impact of global factors shaping business in England.

P4.3: Evaluate the impact of policies of the European Union on UK business organizations.

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