Task 1 Understand the Organizational Purpose of Business
Identify the Purpose of Different - Types of Organizations
1 Describe the Extent to which an Organization Meet the Objectives of Different Stake Holders
2 Explain the Responsibilities of an Organization and Strategies Employed to Meet Them
Task 2. Understand the Nature of the National Environment in which Businesses Operate
2.1 Explain How Economic System Attempts to Allocate Resources Effectively
2.2 Assess the Impact of Fiscal and Monetary Policy on Business Organizations and their Activities
2.3 Evaluate the Impact of Competition Policy and other Regulatory Mechanism on the Activities of a Selected Organization
Task 3. Understand the Behavior of Organizations in their Market Environment
3.1 Explain how Market Structure Determine the Pricing and Output Decisions
3.2 Illustrate the Way in which Market Forces shape Organizational Responses Using a Range of Examples
3.3 Judge How the Business and Cultural Environments Shape the Behavior of a Selected Organization
Task 4. Be Able to Assess the Significance of the Global Factors that Shape National Business Activities
4.1 Discuss the Significance of International Trade to UK Business Organizations
4.2 Analyze the Impact of Global Factors on UK Business Organizations
4.3 Evaluate the Impact of Policies of the European Union on UK Business Organizations