LO 1 Understand the organisational purposes of businessesAC 1.1 Identify the purposes of different types of organization â€“ for this write what is organization and write vision mission and purposes ( eg:- ownership, Location )
AC 1.2 Describe the extent to which an organisation meets the objectives of different stakeholders
AC 1.3 Explain the responsibilities of an organisation and strategies employed to meet them
LO 2 Understand the nature of the national environment in which businesses operate
AC 2.1 Explain how economic systems attempt to allocate resources effectively
AC 2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities
AC 2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation
LO 3 Understand the behaviour of organisations in their market environment
AC 3.1 Explain how market structures determine the pricing and output decisions of businesses
AC 3.2 Illustrate the way in which market forces shape organisational responses using a range of examples
A.C 3.3 Judge how the business and cultural environments shape the behaviour of a
LO 4 Be able to assess the significance of the global factors that shape national business activities
AC 4.1 Discuss the significance of international trade to UK business organisations
AC 4.2 Analyse the impact of global factors on UK business organisations
AC 4.3 Evaluate the impact of policies of the European Union on UK business organisations
This is Level 5 Business Management course
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â€¢ Reference at the end of the assignment
â€¢ All paragraphs should be aligned in justified mode
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