Unit 1 – The Business Environment
Learning Outcomes – on completion of this unit you should;
Know the range of different businesses and their ownership
Understand how businesses are organised to achieve their purpose
Know the impact of the economic environment on businesses
Know how political, legal and social factors impact on business
Task 1 – Submission Date 27/09/2012
You are working as a business journalist for the Express and Star newspaper which is planning to run a monthly feature article on local businesses. Produce an article on two contrasting businesses which operate in the local area, covering purpose, ownership, organisational structure and strategic planning. Business Type
You need to highlight what category the business comes under and provide some facts and figures to support your claim. The options available include;
Local, National, International, Global, Public, Private, Not-for-profit, Voluntary, Primary, Secondary, Tertiary
Why does the business exist?
Does the business have a mission statement?
How was the business started? How has it grown?
What is the businesses core activity?
Does the business have any secondary activities?
Identify the following;
Public or private sector or charity
Type of private sector ownership; sole trader, partnership, private limited company, public limited company, franchise, cooperative.
What are the liabilities of the owners?
Explain how the type of ownership is suited to each business
This task covers P1 - Describe the type of business, purpose and ownership of each business
Task 2 – Submission date – 11/10/2012 (P2) 25/10/2012 (M1) 25/10/2012 (D1)
Your next months feature for the Express and Star is to write a report on the stakeholders who influence the purpose of two businesses, which operate in the local area
For P2 in your article you should:
1. Define the term stakeholder