This is a solution of Unit 1 Business Environment that describes about Developing business
Unit 1 Business Environment
I dLearner’s Declaration:
eclare that all the work submitted for this assignment is my own work or, in the case of group work, the work myself and other members of the group in which I worked, and that no part of it has been copied from any source.
I understand that if any part of the work submitted for this assignment is found to be plagiarised, none of the work submitted will be allowed to count towards the assessment of the assignment.
| Internal verification: | ||||
| IV Name: | Signature: | Date: | ||
| Assessor Name: | Signature: | Date: | ||
Assessment Feedback Sheet
| Assessment Criteria (AC) | Achieved Y/N | Feedback comments | |||||||
| Pass : To achieve a pass grade the evidence must show that the learner is able to: | Merit : To achieve a merit grade the evidence must show that, in addition to the pass criteria, the learner is able to: | Distinction : To achieve a distinction grade the evidence must show that,in addition to the pass and merit criteria, the learner is able to: | |||||||
| 1.1 Identify the purposes of different types of organisation | |||||||||
| 1.2 Describe the extent to which an organisation meets the objectives of different stakeholders | M1 explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations | ||||||||
| 1.3 Explain the responsibilities of an organisation and strategies employed to meet them | |||||||||
| 2.1 Explain how economic systems attempt to allocate resources effectively | |||||||||
| 2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities | D1Evaluate the impact of fiscal and monetary policy on business organisations and their business activities on two contrasting organisations | ||||||||
| 2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation | |||||||||
| 3.1 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 examples | M2 Compare and contrast the way in which market forces shape organisational responses on two contrasting organisations | ||||||||
| 3.3 Judge how the business and cultural environments shape the behaviour of a selected organisation | |||||||||
| 4.1 Discuss the significance of international trade to UK business organisations | D2 Evaluate the significance of international trade to at least two UK business organisations. Support your answer with examples | ||||||||
| 4.2 Analyse the impact of global factors on UK business organisations | M3 Analyse the impact of global factors on UK business organisations by applying environmental analytical tools | ||||||||
| 4.3 Evaluate the impact of policies of the European Union on UK business organisations. | D3 Evaluate the impact of policies of the European Union on UK business organisations. Support your answer with latest literature review examples | ||||||||
| M1 Student’s work shows that complex problems with more than one variable have been explored | |||||||||
| M2 The student’s work shows that relevant theories and techniques have been applied | |||||||||
| M3 The student’s work shows that the appropriate structure and approach has been used | |||||||||
| D1 The student’s work shows that conclusions have been arrived at through synthesis of ideas and have been justified | |||||||||
| D2 The student’s work shows that autonomy/independence has been demonstrated has been recognised and achieved | |||||||||
| D3 The student’s work shows that self-evaluation has taken place | |||||||||
| General comments : | |||||||||
| Pass/Merit/Distinction/Referral | |||||||||
| Assessors Signature | Date | ||||||||
| Candidate Signature | Date | ||||||||
About this Unit:The aim of the unit is to encourage learners to identify the objectives of organisations and the influence of stakeholders. Learners are also encouraged to investigate the operation of organisations in relation to the local, national and global environment. The unit also provides learners with a solid base of understanding of the parameters within which organisations act that can be built upon in further units.
Assignment Structure:
There will be twelve questions relevant to the four Learning Outcomes (LO) of this unit. Each question will correspond to the assessment criteria shown in brackets. Students will need to achieve all pass criteria (AC1.1, AC1.2 etc...) to achieve a Pass, all the merit criteria (M1, M2 and M3) to achieve a Merit and all the Distinction criteria (D1, D2, and D3) to achieve a Distinction in this unit. Candidate may choose to present his/her work in written short essay form or in report form or through power point presentation after consulting the module tutor. See more about : HND Hospitality Management Assignment
Assignment Questions:
LO1: Understand the organisational purposes of businesses
There will be twelve questions relevant to the four Learning Outcomes (LO) of this unit. Each question will correspond to the assessment criteria shown in brackets. Students will need to achieve all pass criteria (AC1.1, AC1.2 etc...) to achieve a Pass, all the merit criteria (M1, M2 and M3) to achieve a Merit and all the Distinction criteria (D1, D2, and D3) to achieve a Distinction in this unit. Candidate may choose to present his/her work in written short essay form or in report form or through power point presentation after consulting the module tutor. See more about : HND Hospitality Management Assignment
Assignment Questions:
LO1: Understand the organisational purposes of businesses
Instruction to candidate: For this unit you may select a few companies from different industries and answer the following questions with reference to the selected companies. You must get your selections agreed by your tutor.
Questions:
1.1 Identify the purposes of different types of organisations by examining the Vision, Mission, Goals and Objectives of at least two of your selected organisations. (AC1.1).
1.2 Describe the extent to which an organisation meets the objectives of different stakeholders by mapping and analysing different categories of stake holders of one your selected companies (AC1.2).
1.3 Explain the various responsibilities of an organisation such as social, environmental, business ethics, management responsibilities and public relations and corporate image and strategies employed to meet them (AC1.3).
LO2: Understand the nature of the national environment in which businesses operate
LO2: Understand the nature of the national environment in which businesses operate
Instruction to candidate: To answer questions in this section, you should select a country after consulting your tutor.
Questions:
2.1 Explain how different economic systems such as market, command and mixed economies attempt to allocate resources effectively to ensure best utilisation of scarce resources (AC2.1)
2.2 Assess the impact of fiscal and monetary policy like taxation, interest rates, quantitative easing and exchange rates of the selected country on business organisations and their activities in that country (AC2.2)
2.3 Evaluate the impact of competition policy by analysing relevant competition act of the chosen country and other regulatory mechanisms such as Competition Commission on the activities of the organisations in the selected country (AC2.3).
LO3: Understand the behaviour of organisations in their market environment
Instruction to candidate: To answer questions in this section, you may choose a country and one or more organizations within it after consulting your tutor.
Questions:
3.1 Explain with examples how market structures like monopoly, perfect competition and other situations and the different stages in the product life cycle determine the pricing and output decisions of businesses (AC3.1)
3.2 Illustrate the way in which market forces such as demand, supply, their elasticity, customer perceptions and actions shape short and long term organisational responses like pricing, cost control, collaboration, acquisition and mergers etc. using a range of examples (AC3.2)
3.3 Judge how the business and cultural environments such as changing economic situation and cultural diversity and life styles shape the behaviour of one or more organisations of your choice (AC3.3)
LO4: Be able to assess the significance of the global factors that shape national business activities
Questions:
4.1 Discuss the significance of international trade in terms of comparative advantages, balance of trade and payment, economic growth and competitiveness to UK business organisations.(AC4.1)
4.1 Discuss the significance of international trade in terms of comparative advantages, balance of trade and payment, economic growth and competitiveness to UK business organisations.(AC4.1)
4.2 Analyse the impact of global factors such as political, economic, social, technological and legal factors on UK business organisations (AC4.2).
4.3 Evaluate the impact of different economic, business, labour and social policies, rules, regulations and laws of the European Union on UK business organisations. (AC4.3).
| Plagiarism/Collusion |
Any act of plagiarism or collusion will be seriously dealt with according to the regulations.
In this context the definition and scope of plagiarism are presented below:Plagiarism is presenting somebody else’s work as your own, It includes copying information directly from the Web or books without referencing the material; submitting joint coursework as an individual effort; copying another student’s coursework; stealing coursework from another student and submitting it as your own work.
Collusion is working collaboratively with another learner to produce work that is submitted as the individual learners work.
Suspected acts of plagiarism or collusion will be investigated and if found to have occurred will be dealt with according to the college procedure.
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| Guideline |
| Ensure that all work had been proof-read and checked prior to submission.Ensure that the layout of your documents is in a professional format.Ensure that all references are quoted at the end of any question/document submitted (preferred: Harvard referencing).Ensure that you back-up your work regularly and apply version control to your documents.Ensure that there is an accompanying front cover sheet with your details, the unit details and your lecturer’s name.The college will retain your assessment copy so it is advisable for you to keep a copy for your own record. |
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