oforganisations in their marketenvironmentLO3 | Explainhowmarketstructuresdetermine the pricing and outputdecisions of businessesExplain howmarketstructures in the above case deviate determine the pricing and outputdecisions of businesses | - Market type as one of perfect competition, monopoly,...
Learning Outcome 1 – understand the organisational purposes of businesses Learning Outcome 2 – understand the nature of the national environment in which businesses operate Learning Outcome 3 – understand the behaviour of organisations in their market environment Learning Outcome 4 – be able to assess the significance...
TITLE: Business Environment
ASSIGNMENT NO: 1
ASSIGNMENT TITLE: Two Businesses on Our Doorstep
UNIT OUTCOMES COVERED:
LO1 Understand the organisational purposes of businesses
LO3 Understand the behaviour of organisations in their market environment
GRADING OPPORTUNITIES AVAILABLE
Explain the responsibilities of Siemens and strategies employed to meet stakeholders.
Identify and find the mission and objectives of Siemens.
LO2 (Task 02): Understand the nature of the national environment in which businesses operate
Explainhow economic systems attempt...
3.1 Explainhowmarketstructuresdetermine the pricing and outputdecisions of businesses
There are different kinds of markets in different economies/sectors/goods. Accordingly, there are different kinds of output and pricingdecisions which take place. Usually, output and pricingdecisions are interdependent...
levels that influence the business organization including also the influences of its stakeholders, the consumers, the people working in it and the market forces.
The design will further ensure that the students are able to understand the key concepts of the business environment in which organizations...
others do not. Organisations structure themselves and operate in ways that allow their objectives to be met. Every organisation has a range of stakeholders whose interests need to be satisfied, but stakeholders have competing interests that may be hard to reconcile.
Businesses operate in an environment...
Market is a place where buyers and sellers meet and exchange goods or services. As there are lot many factors deciding on the marketstructure there are lot many variations as well determine the particular marketstructure in the economy.
Task 1 : You are required to identify different...
Task 1: explainhowmarketstructures would determine the pricing and outputdecisions of twinnings.
Marketstructure: The interconnected characteristics of a market, such as the number and relative strength of buyers and sellers and degree of collusion among them, level and forms of competition...
and marketstructures can impact each of those companies.
CONTENTS PAGE :
L01 Understand the organisational purposes of business
Identify the purpose of different types of organisation
Describe the extent to which an organisation meets the objectives of different stakeholders
NATURE OF MANAGERIAL
There are a number of issues relevant to businesses that are based on economic thinking or analysis. Examples of questions that managerial economics attempts to answer are: What determines whether an aspiring business firm should enter a particular industry or simply...
describe the extent to which an organisation meets the
objectives of different stakeholders
1.3 explain the responsibilities of an organisation and
strategies employed to meet them
2.1 explainhow economic systems attempt to allocate
2.2 assess the impact of fiscal and...
OF SCARCITY, OPPORTUNITY COST. IT ALSO EXPLORES WHAT IS MEANT BY FREE MARKET, COMMAND AND MIXED ECONOMIES AND HOW DIFFERENT ECONOMIC SYSTEMS DECIDE WHAT TO PRODUCE, HOW TO PRODUCE IT AND WHO TO PRODUCE IT FOR. IT ALSO LOOKS AT HOW EQUILIBRIUM PRICE AND QUANTITY ARE ESTABLISHED AND AFFECTED BY CHANGES...
UK COLLEGE OF BUSINESSES AND COMPUTING
EDEXCEL BTEC (HND) BUSINESSES
Lecturer: Mr Peter Emelone
Module Code: Unit 1 – Y/601/0546
ID No. 10683
This course applies economic concepts to make management decisions. Students employ the concepts of scarce resources and opportunity costs to perform economic analysis. Other topics include supply and demand, profit maximization, marketstructure, macroeconomic measurement, money, trade, and foreign exchange...
organisation is managed by an individual all the decisions are made by one person whom also have to work long hours and they have to provide all the finance themselves. But on the other hand you don’t need a complicated paperwork to set up your business and decisions can be made quickly and close contact can...
Understand the organizational purposes of businesses2. Understand the nature of the national environment in which businesses operate3. Understand the behaviour of organizations in their market environment4. Be able to assess the significance of the global factors that shape national business activities...
large conglomerate (TATA Group) is planning to enter overseas market. Thus you are tasked to put together the details of the foreign country and its economic system:-
A detailed research paper is required on the following issues:-
• Explainhow economic systems attempt to allocate resources effectively
shareholders, employees, government, and suppliers. You should select an organisation and comment on how far these organisations meet the objectives of the stakeholders. | 1.2 |
P 3. | Explain the responsibilities of an organisation and strategies employed to meet them. You should give examples...
Outcome 3: Understand the behaviour of organizations in their market environment
Outcome 4: Assess the significance of global factors that shape national business environment
Understanding the relationship between businesses and the environment within which the business operate is very...
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