corporations 4 British Telecom 5 B) Stakeholder Influence Map for BT 6 C) Social, Economic and Environmental Responsibilities for BT 8 Task 2- The economic, social and global environment 9 A) Real Life Example on command, free enterprise system and a mixed economy 9 Example one 9 Example two 10 Example three 10 B) The Effect of Government Fiscal and Monetary Policy 11 Physical policy: 11 Monetary policy: 13 C) Competition Policy 13 Task 3- The Behaviour of Organisation in their Market
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During 1947 to 1990, mixed economy was India’s kind of economy, and later after India recognized the incapability of the system to deliver the economic progress that many Southeastern Asian nations had started to enjoy, India started to adapt a market economy system to become more attractive to the foreign possible investors and businesses. So, up to today, India has been using a market economy system, but, still with some government oversight which made the current economic system as a hybrid one. In
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tyre manufacturer or a rubber plantation). Common law system and how it differs from a civil law system Common law is based on tradition, precedent, and custom. When law courts interpret common law, they do so with regard to these characteristics. This gives a common law system a degree of flexibility that other systems lack because it allows the judge to interpret the law. Civil law system and how it differs from a common law system Civil law is based on a very detailed set of laws organized
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objectives of different stakeholders 5 1.3 Explain the responsibilities of an organization and strategies employed to meet them6 2. Understand the nature of the national environment in which business operate 6 2.1 Explain how economic systems attempt to allocate resources effectively 6 2.2 Assess the impact of fiscal policy and monetary policy on business organization and their activities 7 2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the
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government for assistance. It is the country’s economic system that often determines to what degree the government can provide its citizens with the needed goods and services following a natural disaster. To wonder which economic system is best suited for handling a crisis, we need to take a deeper look and see how these systems operate. First, let’s look at a Mixed Economy. In this type of system the government’s role is to help the economy prosper while at the same time protect its consumers
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2 decades ago during the time of prosperity. America enjoyed unprecedented growth, our unemployment rate was long. Also, productivity was high, inflation was low, and the real standard of living for an average American rose big time. The American economy jumped up nearly 33% in just 5 years. However, the scene changed for the world when dot.com burst in 2000, followed by 9/11 in 2001. Stock markets dropped, unemployment rose, we feared we were on the brinks of a full blown recession. 2. What
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BUSINESS ENVIRONMENT Table of Contents Introduction2 Task 13 Task 25 Task 36 Task 48 References10 BUSINESS ENVIRONMENT Introduction: This assignment gives a description of business environment and its purposes, nature etc. Business environment is the sum of two environments that is micro environment or internal environment and macro environment or external environment. This micro environment is the immediate environment of the organization because it affects the company performance
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surpluses exported by companies in Europe, Asia, and Latin America. Greider asked: “Who will buy the surpluses when the United States cannot?” The conventional wisdom has long held that strong spending by consumers in other nations would keep the world economy humming. However, by 2008, Greider’s question was taking on a new urgency and the conventional wisdom was being tested. An economic crisis that had its roots in lax subprime mortgage lending practices began to spread around the globe. In the United
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organisation pg.3,4 1.2 Describe the extent to which an organisation meet the objective different stakeholders pg.5 1.3 Explain the responsibilities of organisation and strategies employed to meet them pg.6,7 2.1 Explain how economic systems attempt to allocate resources effectively pg.7, 8 2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities pg.8, 9 2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities
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business organisation is a collection of people, collaborating in a coordinated, structured and managed way to meet shared aims and goals. Organisations will come in all shapes and sizes, but will all have a common factor of goal orientation. “A system that coordinates people, jobs and technology and management practices to achieve a goal” Umstot (1998). A business will always be owned by someone whether it’s an individual or hundreds, with different types of ownership and objectives. Although
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