...Level 3 Unit 1-P6 Describe how political, legal and social factors are impacting upon the business activities of the selected organisation and their stakeholders Political impacts Political stability is usually defined as the state of peace that is normal experienced in a country from the activities from the government and also the government in this situation will make decisions and keeping the best interests in mind for people. The conservative party that is normally referred as the Tory party and is a centre – right political party in the UK and as of 2013 it has become the largest political party in the UK and also the largest single party in the house of commons with 303 MP’s. Got initiatives: is when the Government can support business through grants and tax reductions and an example of this is the solar panels grant. Also when the government chooses to Investment finance this then involves selling part of your business (‘shares’) to an investor. The investor will then take a share of any profits or losses that the company makes. The International Monetary Fund describes itself as “an organization of 188 countries that works to foster global monetary cooperation, to then secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduces poverty around the world. The Government may change the tax rates up or down this will be to try help boost the economy, an example of this is VAT this means all non food...
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...3 Subsidiary Diploma in Business BTEC Level 3 Diploma in Business Year 12 BTEC Level 3 Subsidiary Diploma in Business BTEC Level 3 Diploma in Business Unit 1- The Business Environment Unit 1- The Business Environment | Student name | ------------------------------------------------- Assessor name | | | Date issued | Completion date | Submitted on | 5th September 2013 | 29th November 2013 | 2nd December 2013 | Qualification | Unit number and title (Credit Value) | BTEC Level 3 Subsidiary Diploma in BusinessBTEC Level 3 Diploma in Business | Unit 1- The Business Environment Credit Value- 10 | | | Assignment title | | The aim of this unit is to give learners the fundamental knowledge of a range of business organisations, and the many factors that shape the nature of organisations operating in an increasingly complex business world. | | Assignment title | | The purpose of this assignment is to: 1. Know the range of different businesses and their ownership 2. Understand how businesses are organised to achieve their purposes 3. Know the impact of the economic environment on businesses 4. Know how political, legal and social factors impact on business. | ScenarioYou work for the Chamber of Commerce as a Business Adviser and have been asked to visit businesses in the local area to outline to them the variety of businesses which exist and to explain to them the factors which can impact businesses...
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...to your readers which discusses the business activities of your global organisation. You are to report on the following issues in a way that is easy for them to understand. • Describe how the main political, legal and social factors effect the business activities and the stakeholders of the organisations described in P3 & P4. (Drayton Manor and your chosen Charity). Business activities should include any activities carried out by the organisation to achieve its purposes. Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders (P6) • Select at least three business activities from those you identified. • Analyse how each of these has changed because of political, legal and social aspects of the business environment. (Why has the activity changed and how and why has this affected the organisation?) Analyse how political, legal and social factors have impacted on the two contrasting organisations (M3) Make a list of your selected organisations aims and objectives. Evaluate how future changes in economic political, legal and social factors, may affect the strategy of the organisation. Evaluate how future changes in economic, political, legal and social factors may affect the strategy of your organisation. For each factor you will need to research future changes. (E.g. economic – inflation; new laws; government changes; social change) For each aim and objective...
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...BTEC LEVEL 3 Unit 1 THE BUSINESS ENVIRONMENT ASSIGNMENT ONE Within this unit you will consider the different types of businesses and sectors, their strategic plans and consider their main stakeholders. In the second half, you will be considering the impact of external influences (political, legal and social) on businesses. Scenario: You are a junior journalist working for the Business Review. You have been asked to write an article for prospective businessmen and women thinking of setting up a new business. Most businessmen and women you have spoken to are not sure about the legal ownerships and activities of businesses generally. They also feel they require more information regarding how some local, national, international and global businesses operate. You should research two organisations; one should be a not-for-profit organisation and the other a for-profit organisation. (For-profit organisation should be McDonalds; you must now select a not-for-profit organisation of your choice). P1: describe the type of business purpose and ownership of two contrasting businesses. Here you will need to include all the information outlined below: 1. TYPE OF BUSINESS BY SECTOR The type of business in terms of: * Geographical scope (local, national, international or global) * Sector (primary, secondary, tertiary) * Type of goods/services offered 2. TYPE OF OWNERSHIP * Describe the different types of ownerships (Public/private sector; sole...
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... |Unit number and title | |BTEC SUBSIDIARY DIPLOMA IN BUSINESS STUDIES |UNIT 1: BUSINESS ENVIRONMENT | |Learner name | Assessor name | | | | |Date issued | Hand in deadline |Submitted on | | | | | | | | |Assignment title(s) |Legal and organisational structures | | |Stakeholders and their influence...
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... | | | | | |5th November 2012 |3rd December 2012 |3rd December 2012 | |Qualification |Unit number and title | | | | |BTEC Level 3 National Subsidiary Diploma in Business |Unit 1: The Business Environment | | | | |Assignment title |Similar Businesses in Different Worlds | |In this assessment you will have opportunities to provide evidence against the following...
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...ED in Business Cohort Unit 3 1/2, Introduction to marketing Assessor Learner name Boris de Kleer name Issue date 17-11-2014 Submission date 2014-2017 Unit number and title C. Segers Submitted on Please list the evidence submitted for each task. Indicate the page numbers where the evidence can be found or describe the nature of the evidence (e.g. video, illustration). Criteria reference To achieve the criteria the evidence must show that the learner is able to: Task no. Page number or description P1 Describe how marketing techniques are used to market products in two organisations Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations. Evaluate the influence different stakeholders exert in one organisation. Describe the different stakeholders who influence the purpose of two contrasting businesses Describe how two businesses are organised. Explain how their style of organisation helps them to fulfil their purposes. Describe the influence of two contrasting economic environments on business activities within a selected organisation. Compare the challenges to selected business activities within a selected organisation, in two different economic environments Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders. Analyse how political, legal and social...
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...Describe how political, legal, social factors are impacting upon the business activities of the selected organisations and their stakeholders: Sports Direct Political How the local, national, and international developments could affect the organisation and in what ways this could happen. Economical Nationally and internationally environmental issues that could affect the organisation Social Social and developing trends that an organisation might use or operate for future planning. Technological The various types of new technology can put impact on a competitive advantage with other organisations. Political factors These political factors are laws and regulations that are made by the government that could affect the business (legislations.) Many types of businesses and organisations can be affected by these laws. Political factors can cover a number of things from both national and international laws (European Union) e.g. employment of people within UK (Sports Direct-working permit), environmental issues such as Sports Direct - insuring that their products are recyclable and government e.g. taxation. Economical factors The economy plays a huge effect on businesses for example if the consumer spends more at Sports Direct then the business will attentively receive more revenue (income.) If the government raise taxes this then raises the costs of the business and could therefore affect what people buy, what the business sells and how much they sell...
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...Unit 1: The business environment Help sheet 1.1.1 P1 Describe the type of business, purpose and ownership of two contrasting businesses To achieve P1, you must complete Task sheet 1.1.1, a case study, as well as Worksheets 1.1.1 to 1.1.4. You must also write a detailed presentation about two organisations. • You must ensure that the two organisations chosen are very different. For example, a large plc, such as Tesco, and a charity, such as Save the Children. This will make it easier to compare the environments. • It is a good idea to choose organisations that you are interested in, but that also have a large amount of information available. Therefore, spend some time researching a few organisations that might be of interest to see which one will make this task the easiest. • The same organisations will be used for tasks other than P1 so look ahead in the assignment to make sure the information you will need is available. • Once you have chosen your organisations, you need to research them in order to be able to identify the type of businesses they are. You must identify which scale they operate at and what sector they operate in. Make sure you give evidence and reasoning to back up your decisions. • The purpose and ownership of a business can often be seen on its website. However, you may find a phone interview very useful for collecting all the information you need. This can then be used as evidence. Remember to reference your work when necessary. ...
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... Business Environment |Unit 1 | |Learner Name: |Date issued: | | |Learner Reg. No. : |Date due for return: | | |Teacher: |Mr O Henry |Date submitted: | | |Email: |o.henry@stthomasmoreschool.org.uk | | | Learning outcomes On completion of this unit a learner should: • Know the range of different businesses and their ownership • Understand how businesses are organized to achieve their purposes. • Know the impact of the economic environment on businesses. • Know how political, legal and social factors impact on business. Unit content 1 Know the range of different businesses and their ownership Range of different businesses: local; national; international; global; public; private; not-for-profit/voluntary; sectors of business activity (primary, secondary and tertiary) Business purposes: supply of products or services; difference between profit and not-for profit organisations Ownership: public...
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...|Unit Number and Name: |Unit 1 The Business Environment | |Unit Code: |D/502/5409 |Credit Value: |10 | |QCF Level: |BTEC National |Guided Learning Hours: |60 | |Assessor: | | Unit 1 The Business Environment |Assignment Deadlines | |Assignment Deadline Date: |Hand out date: |Submission date: | | |Task 1 (P1 P2 M2 D1) | | | |Assignment Hand in Dates | | | | | |Task 2 (P3 M1) | | | | |Task 3 (P4) | ...
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...Assessment Criteria: P6 - describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders. M3 - analyse how political, legal and social factors have impacted on the two contrasting organisations. This task will require some research. Apply to both organisations What to include: Political – explain 2 of the following and their impact on a business activity (i.e. recruitment, transport of goods, product design, promotion of products, etc.) and 2 stakeholders: Examples can be: VAT increase 17.5% to 20% changes to the minimum wage improvement in infrastructure apprenticeship programs and other training programs political stability government support for different types of organisations e.g. private, voluntary, public level and types of taxation government grants improving transport links improving education and skills of the population membership of the EU support from organisations set up to support businesses e.g. Business Link Legal – explain 2 of the following and their impact on a business activity and 2 stakeholders: Examples can be: Trade Description Act Equality Act Equal Pay Act dishonest advertising competition law Company Law – ensure fair and honest trading Protection for consumers and employees Social – explain 3 of the...
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... * Describe the importance of stability in each of the economic environments. * How do changes in the different economic environments impact the business (growth, recession, ripple effect)? * Describe the levels of inflation in each of the economic environments. * What is the availability and cost of credit in the different economic environments? * What is the availability and quality of labour in each of the different economic environments? * Outline any changes in government policy (legal, fiscal and monetary) in each of the economic environments. Demand * How is the business influenced by the following in each economy? * Affordability of the products * competition * Availability of substitute products * Level of GDP * Needs and aspirations of consumers Supply In each economic environment: * How is the business influenced by the availability of raw materials and labour? * What logistics are available to the organisation? * Does the business have the ability to make profit? * What competition is there for raw materials? * Is there any government support available? Changes in supply and demand For each economic environment: * Draw the supply and demand curves for the selected organisation * Describe the elasticity of demand * Describe the price sensitivity of the products and raw materials * Describe the influence of branding on price sensitivities. Global interaction * How interdependent...
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...Checklist for P6 - Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders. You should include the following in your coursework Write an introduction into what you have been asked to do choose the business you used in P5 i.e. operates here in the UK and abroad Write about the following for BOTH countries You now must describe how the political factors, legal and social factors affects the business: You must select to write about two factors from the list of political factors and legal factors political factors Political stability Government support for different type of organisations e.g. private, voluntary, public Fiscal e.g. levels and types of taxation Direct support e.g. grants, loans Providing infrastructure e.g. transport, internet Enhancing skills of the working population e.g. education, training, research Organisations to support businesses e.g. business link Membership of international trading communities e.g. European union legal factors Providing framework for business e.g. company law Protecting consumers and employees e.g. company law, employment law, consumer protection Ensuring fair and honest trading e.g. competition law You must select to write about two factors from the list of social factors social factors Demographic issues e.g. population growth or decline Change in structure e.g. ageing Households and families Education ...
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...P6 Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders You need to select two business environments for this assignment. In your introduction give a description of what recession, recovery and growth are. Growth – this is currently taking place in China, Russia, India and Brazil where lots of new businesses are starting and other businesses growing. It was taking place in the UK prior to 2007 (when the recession started). Recession – since the global banking crisis in 2007, this is currently affecting the UK and most of the Western World although the UK is starting to recover. In this assignment you need to compare the growth in the UK prior to 2007 to where we were in the recession (looking at the labour government policies) verses where we are now under the coalition current government (coming out of recession) and what their policies are. This then needs to be related to your two organisations stating how each area affects your organisations activities and stakeholders? Political (Page 37-40 ebook) Notes: Describe what government policies are and relate them to your organisation and stakeholders views in the following subheadings: Political stability (consider government policies in growth period under the old government and now under the new coalition in the recession). What did they do when we were doing well, what is happening now to reduce the...
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