"You are required to write as essay ( no more 1500 words) to; 3.1 Explain how pricing and output decisions of businesses is determined in the following market structures a) perfect competitionb) monopolyc) oligopolyd) duopoly3.2 Illustrate the way in which market forces (demand and supply) shape organisational responses using a range ofexamples (diagrams are essential)3.3 Judge how the business and cultural environments shape the behaviour of a selected organisationTask 4Debate - BREXITOn 23 June, the UK finally settled the question that's been rumbling close to the surface of British politics fora generation: should the country remain within the European Union or go it alone.The EU is a single market in which no tariffs are imposed on imports and exports between member states. "More than50 per cent of our exports go to EU countries," says Sky News. Membership of the bloc means we have always had asay over how trading rules are drawn up.Britain also benefits from trade deals between the EU and other world powers. "The EU is currently negotiating withthe US to create the world's biggest free trade area," says the BBC, "something that will be highly beneficial to Britishbusiness." Strong arguments have been made by both the Remain camp and the Leave camp. Amongst several arguments put forward by supporters of the Leave camp is thatBritain’s links with the EU areholding back its focus on emerging markets – there is no major trade deal with China or India, for example leavingwould allow the UK to diversify its international links. Whilst the Remain camp disagrees with this argument andargues that 44 per cent of Britain’s exports go to other EU countries. Putting up barriers with the countries thatBritain trades with most would be counterproductive(The Telegraph, 2016).Britain risks losing some of that negotiating power by leaving the EU, but it would be free to establish its own tradeagreements.Your local MP is concerned and worried about how Brexit will impact on local businesses that tradelocally and internationally. pg. 13 0916 You have been asked to provide an objective report (no more than 1500 words) for your local MP to; 4.1 Discuss the significance of international trade to UK business organisations 4.2 Analyse the impact of global factors on UK business organisations4.3 Evaluate the impact of policies of the European Union on UK business organisationsPLEASE NOTE- You will be required to give practical examples making references to Brexit whereappropriate.1.9 Evidence to achieve Pass, Merit and DistinctionPass LO1 To achieve a Pass you must show an understanding of the organisational purposes ofbusinesses to address assessment criteria 1.1, 1.2 & 1.3 as instructed.LO2 To achieve a Pass you must show an understanding of the nature of the nationalenvironment in which businesses operate to address assessment criteria 2.1, 2.2 & 2.3as instructedLO3 To achieve a Pass you must show an understanding of organisations in their marketenvironment to address assessment criteria 3.1, 3.2 & 3.3 as instructedLO4 To achieve a Pass you must be able to assess the significance of the global factors thatshape national business activities to address assessment criteria 4.1, 4.2& 4.3 asinstructedMerit M1. Identify and Effective judgements M1 Analyse how the structure, size and scope of Primark linkapply strategies to have been made to the business objectives and product and services offered byfind appropriate the organisationsolutions.pg. 14 0916 M2. Select/ design A range of sources of To achieve M2 The learner should have substantiated theirand apply information used. answers by sourcing relevant legislations, cases, texts, articlesappropriate Appropriate structure correctly and appropriately to present their answers. methods/ and approach has beentechniques. used. M3. Present and Technical language You should also show evidence of accurate use of legalcommunicate accurately used. technical language particularly. Possible evidence areas couldappropriate be in Tasks 1, 2, 3 and 4findings.DistinctionD1. Use critical Synthesis has been used D1 Provide a critical analysis of the complexities of differentreflection to to generate and justify types of business structures and the interrelationships of theevaluate own work valid conclusions different organisational functions.and justify validconclusion.D2. Take Autonomy/independence To achieve D2 you will have demonstrated autonomy acrossresponsibility for demonstrated your assignment backed by effective independent research. managing and There is also need to demonstrate interdependence inorganizing activities.learning outcome across the assignment.D3. Demonstrate Convergent and lateral To achieve D3, your work needs to demonstrate creativeconvergent, lateral thinking have been thinking and receptiveness to new ideas across theand creative applied assignment, especially in any of the task 4.thinkingpg. 15 0916 "