Business environment

Identify the purposes of different types of organisations.

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.
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.

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.
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.