Qualification - Pearson BTEC Level 5 HND Diploma in Business
Unit number and title - Unit 1: Business Environment
Assignment title - The influences on a business
LO
Learning Outcome
3 Understand the behaviour of organisations in their market environment
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
4 Be able to assess the significance of the global factors that shape national
business activities
4.1 Discuss the significance of international trade to UK business organizations
4.2 Analyze the impact of global factors on UK business organizations
4.3 Evaluate the impact of policies of the European Union on UK business organizations
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Pass Grade
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A pass grade is achieved by meeting all the requirements defined in the assessment criteria for pass for each unit.
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In addition to the above PASS criteria, this assignment gives you the opportunity to submit evidence in order to achieve the following MERIT and DISTINCTION grades
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Grade Descriptor
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Indicative characteristic/s
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Contextualisation
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M1 - Identify and apply strategies to find appropriate solutions
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Correct conclusions reached supported by examples
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To achieve M1, you need to reach correct conclusions and support your answer with examples
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M2 - Select / design and apply appropriate methods / techniques
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A range of resources of information has been used
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To achieve M2, you used a number of sources in addition to the notes and book provided. You have proper referencing throughout the assignment.
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M3 - Present and communicate appropriate findings
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The appropriate structure and approach has been used and presentation is coherent
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To achieve M3 the work presented is clear, in an appropriate format and using proper terminology.
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D1 - Use critical reflection to evaluate own work and justify valid conclusions
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Conclusions have been arrived at through combination of ideas and have been justified
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To achieve D1 you have to contextualize and draw conclusions which draw out the link between Global factors and an organization.
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D2 - Take responsibility for managing and organising activities
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Autonomy/independence has been demonstrated
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To achieve D2 you demonstrated ability to work independently and have met the deadline.
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D3 - Demonstrate convergent /lateral / creative thinking
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Innovation and creative thought have been applied
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To achieve D3 you must demonstrate innovative and creative thinking in the context of the policies' impact on business in the UK.
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Assignment brief
Assignment title - Understand the behaviour of organisations in their market environment and assess the significance of the global factors that shape national business activities
Task 2 - LO3 - 3.2 - (P, M1, D2)
Gold prices have gone down over the last year. Silver prices however have gone up over the last year.
Illustrate how the other Market Forces reacted to this change of price for each product. Draw the market cycle for each and draw conclusion as to which determinants of demand and supply play a role in the above scenario. (3.2) (P, M1, D2)
To achieve a Pass you must correctly draw the market cycle for both Gold and Silver and explain in full what has happened and why.
To achieve an M1 you must correctly conclude which determinants of Demand and Supply are playing a role.
To Achieve D2 you must have demonstrated ability to work independently and submitted assignment on time.
checklist
Task 1A Explain how market structures determine the pricing and output decisions of businesses
Task 1B Illustrate the way in which market forces shape organisational responses using a range of examples
Task 1C Judge how the business and cultural environments shape the behaviour of a selected organisation
Task 2D Discuss the significance of international trade to UK business organizations
Task 2E Analyse the impact of global factors on UK business organizations
Task 2F Evaluate the impact of policies of the European Union on UK business organizations
Criteria Reference
LO 3
Task 1A Explain how market structures determine the pricing and output decisions of businesses
Task 1B Illustrate the way in which market forces shape organisational responses using a range of examples
Task 1C Judge how the business and cultural environments shape the behaviour of a selected organisation
LO 4
Task 2D Discuss the significance of international trade to UK business organizations
Task 2E Analyse the impact of global factors on UK business organizations
Task 2F Evaluate the impact of policies of the European Union on UK business organizations