The same policy also applies in case of British Airways that implies that BA should take care of its employees; the company should maintain the proper work place regulations, give proper rest to its employees and proper benefits and facilities to them. Global factors are those external business factors which are to be considered while making a strategy to set up a business.
Appropriately cited and referenced. Provide evidence and reference the sources. Nature of the National Environment You should: Knowledgeable, incisively analytical, conceptually sound, widely-researched and well-structured.
Such global factors are Political factors; Economical factors, Social factors, Legal factors and technological factors, and they are discussed below: Learning Outcomes and assessment criteria: As a step in this direction, it is planning to set up a production facility in England.
As a step in this development, it is considering setting up a production facility in England. Keynes, by controlling the level of taxation the government can control the productivity in an economy and also adjust the expenditure of the government.
Explain how economic systems attempt to allocate resources effectively 2. Look at specific political, economic and social aspects such as government interference, population, labour force, market growth, exchange rates, trading partners, consumer tastes and preferences the organisation etc.
New and improved technologies help the business in reduction of costs and gaining more profits. The fiscal and monetary policies of the UK maintain perfect coordination between the spending money and collecting the same, in the shape of taxes and revenues, suiting to the needs of the economy.
This is a part of unit solution, for complete solution and assignment help, click on the below button Subjects. In the modern business world, technologies play a significant role in gaining the competitive edge over the competitors. Criterial for assessment and characteristics of reports at passable, merit and distinction levels are given later below.
Merit Very good, well-researched, solid. Your assignment must word processed on A4 paper, single sided and double line spaced. Understand the nature of the national environment in which businesses operate.
Briefly describe how the social, cultural and competitive environment has affected your organisation as a whole. The gross domestic product GDP is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.LO3: Understand the behaviour of organisations in their market environment.
Explain how the various market structures determine the price and outputs decisions of businesses in the market environment of your organisation. Mar 31, · Task 3: LO3 Understand the behaviour of organisations in their market environment.
Judge how the business and cultural environments shape the behaviour of a selected organisation. Task 4: LO4 be able to assess the significance of the global factors that shape national business activities/5(K). LO3: Understand the behaviour of organisations in their market environment Explain how market structures determine the pricing and output decisions of businesses Market structures include; i) Perfect Market conditions, ii) Monopolistic conditions, iii).
3 Understand the behaviour of organisations in their market environment Market types: perfect competition, monopoly, monopolistic competition, oligopoly, duopoly; LO3 Understand the behaviour of organisations in their market environment Documents Similar To Unit 1 Business killarney10mile.com Skip carousel.1/5(1).
LO3 Understand the behaviour of organisations in their market environment. Judge how the business and cultural environments shape the behaviour of a selected organisation.
LO4 be able to assess the significance of the global factors that shape national business activities. Lo3 Understand The Behaviour Of Organisations In Their Market Environment I will identify the structure of markets within the economy and explain how they deviate from the model of perfect competition.Download