P5-Describe the influence of two contrasting economic environments on business activities within a selected organisation Within my selected organisation‚ Tesco‚ there are 2 important economic environments that have an influence on business activities. Both economic environments will have a different way on affecting Tesco. The economic environments are growth and recession. Economic growth occurs when more goods are being produced and consumed‚ and incomes are rising. A growth company tends to
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Assignment 3 Outcomes Task 1 & 2 Pass - Describe the influence of two contrasting economic environments on business activities within a selected organisation Task 3 Merit - Analyse the impact of changes in demand and supply on a selected business Distinction - Evaluate to what extent a selected business is likely to be affected by changes in the economic environment The managing director of Spangles Ltd was looking at some UK economic forecasts which had been given to him. His company organises
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changes in the economic environment on a selected business – D1 After various changes to the economic tax and interest rate‚ CPHP have conducted and compiled research into current public spending. The results show that there has been a dramatic reduction in the level of public spending in the UK. The changes in economic environment will affect a business‚ the profit of the business will be affected because its affect the price and income of a business‚ which are the main aspect of a business. If Tesco
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All economic activities affect the environment in some way whether it is done intentionally or unintentionally. These could be positive or negative effects. Most of the time‚ they are negative. Most activities usually end up harming ecosystems or just polluting the environment. Economic activities can range from mining all the way to farming. This essay will discuss different types of economic activities and how they effect the environment. The first effect on the environment is the over harvesting
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2008MBA035 ECONOMIC ENVIROMENT OF BUSINESS 1 TERM PAPER QUESTION Notwithstanding the public policy response to the economic recession‚ business performance will continue to deteriorate. Global Overview Recession can be defined as the reduction of a country’s gross domestic product (GDP) for at least two quarters. According to Wikipedia‚ it is a period of reduced economic activity‚ hence‚ a business cycle contraction. Recession has many attributes that can occur simultaneously
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Contrast the ownership and purposes of two of the businesses used in P1. The two businesses chosen must have different ownership and purposes. HSBC and my local newsagent are businesses with two different types of ownership and purposes. HSBC is a bank which is opened to all the public‚ all the public are entitled to use these premises only if they have a valid bank account. This is called being a public limited company. HSBC’s purposes are to help people manage their money as well as insurance
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Nike was founded a little later than Tesco in 1962 by Bill Bowerman and Phil Knight. For this assignment I am required to produce a detailed report on two contrasting medium/large sized organisations. My two chosen organisations are Nike and Tesco who I have briefly described above. Both Nike and Tesco are two contrasting business in the business world. They both are very successful at what they do and are continuing to grow. Tesco is a retailer‚ whereas‚ Nike is a large organisation which markets
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The type of business‚ purpose and ownership of two contrasting business In this task‚ I will be describing the type of business‚ purpose and ownership of Thorpe Park and Langley Park for girls. For each organisation‚ I will have to describe the range including local‚ national‚ international and global; public‚ private‚ not-for-profit and voluntary; primary‚ secondary and tertiary. Furthermore‚ I would describe the purpose which also includes product/service and the difference between profits or
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Nescot | Contrasting Economic Climates | P5 M2 | | Justosh Singh | |
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Lidl and Aldi have cheap products at high quality. When the country is at boom then lots of business like Lidl hire lots of people therefore there is high employment level and their wages will go high as well because they want to attract more people because the business can afford to hire lots of people therefore the business will run in a very good way also businesses are investing more to make the business expand and meet peoples demands‚ and in a boom people have lots of money which they want to
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