Business Environment

Business Environment

    1. Unit level: 4
    2. Unit Code: Y/601/0546
    3. GLH: 60
    4. Credit value: 15
    5. Unit grading structure: Assignments 80%, Quiz 20%
    6. Assessment guidance: Assignments in accordance with awarding organisation guidance
    7. Unit Aims:

This unit will develop learners understanding of the environment and circumstances in which different business organisations operate. Learners will learn about how business environments work in synergy with stakeholders such as government, competitors, consumers and suppliers and how they are affected by global factors. Learners will also explore how pricing, behaviours and business decisions are influenced by different market structures.

  1. Learning Outcomes
    1. Understand the organisational purposes of businesses
      • Identify the purposes of different types of organisation
      • Describe the extent to which an organisation meets the objectives of different stakeholders
      • Explain the responsibilities of an organisation and strategies employed to meet them
    2. Understand the nature of the national environment in which businesses operate
      • Explain how economic systems attempt to allocate resources effectively
      • Assess the impact of fiscal and monetary policy on business organisations and their activities
      • Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization
    3. Understand the behaviour of organisations in their market environment
      • Explain how market structures determine the pricing and output decisions of businesses
      • Illustrate the way in which market forces shape organisational responses using a range of examples
      • Judge how the business and cultural environments shape the behaviour of a selected organization
    4. Be able to assess the significance of the global factors that shape national business activities
      • Discuss the significance of international trade to UK business organisations
      • Analyse the impact of global factors on UK business organisations
      • Evaluate the impact of policies of the European Union on UK business organisationswhilst maximising the positive impacts
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