Unit 38: Unit code: QCF Level 3: Credit value: Business and the Economic Environment T/502/5500 BTEC National 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to introduce learners to the interaction between the general economic environment and business activity and how the interactions generate national wellbeing. Learners will study how government activities regulate and influence business activities and how business activities influence government action and policy
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European & Global Factors In this report‚ I will be exploring the European and global factors that occur within the economic environment. The business I have chosen to refer to is L’Oreal. The European Union is a union consisting of 27 countries that have an agreement of free trade. This is when the countries within the EU can trade with each other without any tariffs. They all use the same currency which is Euros apart from the UK and Gibraltar who use GBP (Great British Pound). The advantage
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UNIT 1 ECONOMIC ENVIRONMENT OF BUSINESS Objectives After studying this unit‚ you should be able to : • Define what you mean by “environment” • Classify the complex environmental variable on the basis of objective criteria • Identify the critical elements of economic environment of business • Analyse the interactions between economic and non-economic environment • Explain the impact of economic environment on business management; and • Illustrate your understanding of economic environment
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BTEC NATIONAL CERTIFICATE & AWARD BUSINESS ACADEMIC YEAR 2009-2010 UNIT 38 UNDERSTANDING BUSINESS ETHICS [pic] UNIT TUTOR: COURSE CO-ORDINATOR: FINAL DEADLINE: Contents page • Task one- letter • Task two Task one- letter ADDRESS Line 1 Address Line 2 Address Line 3 Post Code 21st April 2010 Dear Mr Smith (managing director)
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Unit 38 Business and the Economic EnvironmentLearner name Assessor nameSameeha Hussain/Antonio ZarroDate unit issuedUnit DeadlineDate unit submitted by student27/01/1419/04/14 Criteria referenceTo achieve the criteria the evidence must show that the learner is able toAsst Task no. Assessor initial date when metPASS CRITERIAP1 Explain the effects of changes in the economic environment on a selected business P2 Identify how government policies impact on a selected business P3 Identify the impact
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M3 the skills I need to develp are financail and accounting‚ Financial- The top reason why businesses go out of business is bad financial planning. All the cash flows in the wrong direction. Having worked through the dotcom boom and bust I have seen first hand what too big a budget in the wrong hands can do. Someone needs a firm grip on the numbers and it had better be you otherwise someone might just take a trip to a tropical island at your expense. I will be devoloping this skill by finding
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Unit 38- P1- Explain the effects of changes in the economic environment in a selected business. Introduction In this report I am going to explain the effects of changes in the environment for JLR. What is the business cycle? Explain all five stages of the business cycle? Growth In 2008 Tata Motors acquired Jaguar and Land Rover from Ford. Tata Motors merged the two marques into a single company and officially joined together in 2013. Their sales and profits have risen every year. At the start of
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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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cultural differences on international business performance in the international market D2 In your evaluation you must consider how issues such as health‚ welfare‚ social considerations‚ environmental issues and belief system Environmental issues that affect their business operation include industrial waste‚ sustainable development of raw materials and water and air emissions. Most times when businesses are trading internationally‚ these issues affect business because the laws in which they operate
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Unit 38: Environmental Health M2: Assess the effectiveness of organisations in improving the environment. In this task i will be assessing the effectiveness of the greenpeace organisation in improving the environment. Over the years Greenpeace has targeted some of the worlds largest drivers of deforestation such as the palm oil industry in Indonesia and Malaysia‚ also the soy and casttle industries in the Brazilian Amazon. These are a prime example of successful Greenpeace campaigns. For example;
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