Business Environment

TASK one:

2.1 Explain how economic systems attempt to allocate resources effectively
2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities.
2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization.
2.4 Identify and apply strategies to find appropriate solutions

Guidelines to achieve:

• 2.1: Briefly describe main economic systems like socialism, state economy, etc. and explain how each economic system attempts to allocate resources (people, raw material, money etc) effectively;
• 2.2: Explain the governmental policies (e.g. monetary, fiscal, social,) explain how the taxation level, interest rate, value of the pound and euro will positively or negatively affect business organization,
• 2.3: Choose any national or international organization and discuss how it is constrained by competition policies e.g. regarding monopolies and by regulations (good examples might be UK supermarket chains or airport operators)
• 2.4: Analyse the economic system and governmental policies of the UAE and evaluate how does the UAE attempts to allocate resources effectively.

TASK Two:

3.1 Explain how market structures determine the pricing and output decisions of businesses
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 behaviour of a selected organization
3.4 Select and apply appropriate methods to different market types
3.5 Use critical reflection to evaluate own work and justify valid conclusions

Guidelines to achieve:
• 3.1: Describe different market structures (perfect competition, monopoly, monopolistic competition, etc.) and describe how they affect pricing, distribution, product and service offering (good example is where there is a substantial competition, many suppliers and range of products and services for customers to choose from, another example is where there are few providers, little competition but high demand)
• 3.2: Discuss the market forces like, demand and supply, pricing decisions, customer expectations, market conditions, competition etc. and explain how the organizations need to respond to or react to those market factors ( for examples: supermarkets offering many more old brands, or low cost products )
• 3.3: Select any national or international business organization and describe how it changes its behavior with changes in the external environment for example in conditions of recession, demographic change, etc. you can also consider if the organization changes over and see how it would respond to cultural differences
• 3.4: Analyse the market structures prevailing in the UAE in the Aviation Industry.
• 3.5: Realistic improvements should be proposed for effective government policies and allocation of resources against defined characteristics for the success of the UAE economy based on the analysis done in the Merit work.

TASK Three:

4.1 Discuss the significance of International Trade to UK business organisations
4.2 Analyse the impact of global factors on UK business organizations
4.3 Evaluate the impact of policies of the European Union on UK business organizations
4.4 Present and communicate appropriate findings
4.5 Demonstrate convergent/lateral/creative thinking

Guidelines to achieve:
• 4.1: Describe the importance of International Trade and reasons of going international. You need to look at import as a mean to satisfy business raw material needs and customers needs but more importantly you must look at export and consider how much the UK earn from this and how critical it is for the UK economy
• 4.2: Research and discuss the negative and positive impact of global factors (PESTEL) on UK business organizations . you could look on the negative effect on the euro problems, consider factors such as shortage of raw materials, metal, food, etc. or growing demand from developing countries for products and services
• 4.3: Discuss the developments of European Union and European Monetary Union; Describe at least two EU policies (working conditions, welfare, and freedom of labour movement) and look on the positive and / or negative effects these might have on UK businesses.
• 4.4: Analyze the implications of European Union policies on a selected UK based business organization (using any two EU policies).
• 4.5: Assess the current situation of EU and EMU and express your critical thinking on the decision of the UK to not be a part of the EMU policy.

Introduction
The aim of this assignment is to measure the outcome of students’ learning in terms of knowledge acquired, understanding and demonstrating skills or abilities gained in relation to achieving the learning outcomes.
Each area mentioned below should carry a detailed analysis including theories, concepts, models and industry examples.
The Assignment Scenario: You are asked to produce a report on an organisation(s) of your choice where appropriate. The main areas which must be covered within the report are seen below:
• the purposes of different types of organisation

• the extent to which an organisation meets the objectives of different stakeholders

• the responsibilities of an organisation and strategies employed to meet them

• how economic systems attempt to allocate resources effectively

• the impact of fiscal and monetary policy on business organisations and their activities

• the impact of competition policy and other regulatory mechanisms on the activities of a selected
organisation

• how market structures determine the pricing and output decisions of businesses

• the way in which market forces shape organisational responses using a range of examples

• how the business and cultural environments shape the behaviour of a selected organisation

• the significance of international trade to UK business organisations

• the impact of global factors on UK business organisations

• the impact of policies of the European Union on UK business organisations.

Merit
Within your answer, where appropriate, you should identify and apply strategies, select/design as well as applying methods/techniques from the marketing concept and present and communicate your findings.
Distinction
You are asked to reflect and evaluate on your answer and justify any conclusions reached. It would also be beneficial if you demonstrate lateral thinking when referring to Nootrilitious and its current/potential markets.

Layout and referencing:

? The assignment must be in written format.
? Pages must be numbered at the bottom right side of each page.
? Spell check the document and make sure there are no grammatical errors.
? You must include a bibliography at the end to show where your information was sourced.

Achievement of a pass grade
A pass grade is achieved by meeting all the requirements defined in the assessment criteria for the unit.
Achievement of a merit or distinction grade
All the assessment criteria and merit grade descriptors need to be completed within the unit to achieve a merit grade
All assessment criteria – merit and distinction grade descriptors must be completed within a unit to achieve a distinction grade
Plagiarism and Collusion
Any act of plagiarism and collusion will be seriously dealt with in accordance with the college regulations. Using the work of others without acknowledging source of information or inspiration is plagiarism. Even if the words are changed or sentences are put in different order it is still PLAGIARISM.
Collusion is described as the submission of work produced in collaboration for another assignment based on the assessment of individual work. When one person shares his/her work with others who submit part or all of it as their own work.
Extension and Late Submission
If you need an extension for a valid reason, you must request one using an Extension – Request Form available from the college. Please note that the lecturers do not have the authority to extend the coursework deadlines and therefore do not ask them to award a coursework extension.
Support Materials and Resource
Use of the internet and lecturers notes acceptable and encouraged.

The Business Environment – Ian Worthington
Economics for Business: Blending Theory and Practice- Ian Worthington
Lecture Notes

Introduction
The aim of this assignment is to measure the outcome of students’ learning in terms of knowledge acquired, understanding and demonstrating skills or abilities gained in relation to achieving the learning outcomes.
Each area mentioned below should carry a detailed analysis including theories, concepts, models and industry examples.
The Assignment Scenario: You are asked to produce a report on an organisation(s) of your choice where appropriate. The main areas which must be covered within the report are seen below:
• the purposes of different types of organisation

• the extent to which an organisation meets the objectives of different stakeholders

• the responsibilities of an organisation and strategies employed to meet them

• how economic systems attempt to allocate resources effectively

• the impact of fiscal and monetary policy on business organisations and their activities

• the impact of competition policy and other regulatory mechanisms on the activities of a selected
organisation

• how market structures determine the pricing and output decisions of businesses

• the way in which market forces shape organisational responses using a range of examples

• how the business and cultural environments shape the behaviour of a selected organisation

• the significance of international trade to UK business organisations

• the impact of global factors on UK business organisations

• the impact of policies of the European Union on UK business organisations.

Merit
Within your answer, where appropriate, you should identify and apply strategies, select/design as well as applying methods/techniques from the marketing concept and present and communicate your findings.
Distinction
You are asked to reflect and evaluate on your answer and justify any conclusions reached. It would also be beneficial if you demonstrate lateral thinking when referring to Nootrilitious and its current/potential markets.

Layout and referencing:

? The assignment must be in written format.
? Pages must be numbered at the bottom right side of each page.
? Spell check the document and make sure there are no grammatical errors.
? You must include a bibliography at the end to show where your information was sourced.

Achievement of a pass grade
A pass grade is achieved by meeting all the requirements defined in the assessment criteria for the unit.
Achievement of a merit or distinction grade
All the assessment criteria and merit grade descriptors need to be completed within the unit to achieve a merit grade
All assessment criteria – merit and distinction grade descriptors must be completed within a unit to achieve a distinction grade
Plagiarism and Collusion
Any act of plagiarism and collusion will be seriously dealt with in accordance with the college regulations. Using the work of others without acknowledging source of information or inspiration is plagiarism. Even if the words are changed or sentences are put in different order it is still PLAGIARISM.
Collusion is described as the submission of work produced in collaboration for another assignment based on the assessment of individual work. When one person shares his/her work with others who submit part or all of it as their own work.
Extension and Late Submission
If you need an extension for a valid reason, you must request one using an Extension – Request Form available from the college. Please note that the lecturers do not have the authority to extend the coursework deadlines and therefore do not ask them to award a coursework extension.
Support Materials and Resource
Use of the internet and lecturers notes acceptable and encouraged.

The Business Environment – Ian Worthington
Economics for Business: Blending Theory and Practice- Ian Worthington
Lecture Notes