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Business Environment AimThe aim of this unit is to provide learners with an understanding of different organisations, the influence of stakeholders and the relationship between businesses and the local, national and global environments. Learning outcomes and assessment LO1 Understand the organisational purposes of businesses1.1 identify the purposes of different types of organisation1.2 describe the extent to which an organisation meets the objectives of different stakeholders1.3 explain the responsibilities of an organisation and strategies employed to meet themLO2 Understand the nature of the national environment in which businesses operate2.1 explain how economic systems attempt to allocate resources effectively2.2 assess the impact of fiscal and monetary policy on business organisations and their activities2.3 evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation LO3 Understand the behaviour of organisations in their market environment3.1 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 examples3.3 judge how the business and cultural environments shape the behaviour of a selected organisationLO4 Be able to assess the significance of the global factors that shape national business activities4.1 discuss the significance of international trade to UK business organisations4.2 analyse the impact of global factors on UK business organisations4.3 evaluate the impact of policies of the European Union on UK business organisations.
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