The Business Environment

Aim and purpose

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.

Learning outcomes

On completion of this unit a learner should:

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.

Assessment

In order to pass this unit, the evidence that the learner presents for assessment needs to demonstrate that they can meet all the learning outcomes for the unit. The assessment criteria for a pass grade describe the level of achievement required to pass this unit.

P1 describe the type of business, purpose and ownership of two contrasting businesses

P2 describe the different stakeholders who influence the purpose of two contrasting businesses

P3 describe how two businesses are organised

P4 explain how their style of organisation helps them to fulfil their purposes

P5 describe the influence of two contrasting economic environments on business activities within a selected organisation

P6 describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their
stakeholders.

M1 explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations

M2 compare the challenges to selected business activities within a selected organisation, in two different economic environments

M3 analyse how political, legal and social factors have impacted on the two contrasting organisations.

D1 evaluate the influence different stakeholders exert in one organisation

D2 evaluate how future changes in economic political, legal and social factors, may impact on the strategy of a specified organisation.