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. 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 organisation. 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 organisation. 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 organisations. 3. Tutor2u (n.d) Business Studies. 4. Times 100 Case Studies (1995-2013) The External Environment. 5. Wetherly P, Otter D (2008) The Business Environment, Oxford. Identify the purposes of different types of organisation. Describe the extent to which an organisation meets the objectives of different stakeholders. In your answer, describe the different stakeholders of the organisation outlined in the Shaping Your Future section and how you intend to meet their objectives. Explain the responsibilities of the organisation outlined in the Shaping Your Future section and strategies employed to meet them. 2. Explain how the organisation outlined in the Shaping Your Future section meets these responsibilities. M1: Effective approach to study and research has been applied. You will have supported your answers to 1.1, 1.2 and 1.3 with facts, and referenced your information sources.

M3: Present the answer to questions 1.1 – 1.3 in a short report format. D1: Conclusions have been arrived at through synthesis of ideas and have been justified. Identify the economic system of the United Kingdom, and explain how it allocates resources. 3. Select two economic systems and state how these economic systems attempt to allocate resources. Analyse the current fiscal policy of the UK government and current monetary policy of the Bank of England. How do these policies impact the organisation identified in the Shaping Your Future section and ONE other organisation? 4. Identify and explain how the UK’s fiscal and monetary policies could impact the organisation identified in the Shaping Your Future section and ONE other organisation its activities in the UK. Outline and evaluate the impact of the UK Competition Act 1998 on UK businesses. Evaluate the impact of two other regulatory mechanisms on the organisation identified in the Shaping Your Future section.

1. Explain competition policy and how this could impact on the organisation identified in the Shaping Your Future section and its activities. 2. Evaluate competition policy in terms of advantages and disadvantages, negative and positive impact the organisation identified in the Shaping Your Future section. 3. Identify and explain two other regulatory mechanisms within the UK and evaluate these mechanisms in the context of the organisation identified in the Shaping Your Future section. Evaluate the positive and any negative impact on your chosen organisation. M2: Complex information/data has been synthesised and processed. You will have described the UK economy, using up-to-date economic indicators (e.g. GDP, unemployment rate, inflation rate, CPI, RPI, PMI, consumer spending, budget deficit, trade deficit, etc.). NB: When the question refers to an organisation, the learners will need to discuss their organisation as detailed in the Shaping Your Future section above OR the organisation from the designated list held and approved by Student Support. Explain the market structure of the sector of the organisation identified in the Shaping Your Future section. The explanation must describe how the market structure influences the pricing and sales volume of the relevant sector.

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