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
Premium Economics
Unit 1 – the Business Environment Assignment 1- Types of Business Task 1 Tesco is a private organisation from the UK. Tesco is a supermarket which provides people with things they need like food and drink. It provides people with both a product and a service. In competition with Tesco are the other three major supermarkets from the UK‚ Morrisons‚ Asda and Sainsbury’s. Sainsbury’s increased its market share over the past year‚ it grew from 16.4% to 16.6% and had a growth of 5.1%. The other retailers
Premium United Kingdom Tesco Business
P4-Outline key legalisations and regulations which govern safeguarding P5- Outline working strategies and procedures used in health and social care to reduce the risk of abuse The Safeguarding Vulnerable Groups Act 2006 states that all those who carry out or apply for positions to carry out regulated activity (whether as paid or voluntary work) under this legislation must be checked through the Disclosure and Barring Service
Premium Human rights Risk Crime
P5 Explain the strategies and methods that can be used to support children/ young people and their families where abuse is suspected or confirmed. M3 Assess strategies and methods used to minimize the harm to children‚ young people and their families where abuse is confirmed. Case study: Paul is 10 years old. His teachers that he might be suffering from abuse at home have reported it to the Local authority. He will be starting secondary school in a month’s time. The local authority is due to put
Premium Individual Person Stereotype
Unit 1 The Business Environment Section 1 P1: Describe the type of business‚ purpose and ownership of two contrasting businesses Revlon Colorstay Foundation The product I have chosen is Revlon Colorstay Foundation. Foundation is a skin colored cosmetic to cover imperfections and create an even complexion. There are many different types of foundation such as liquid‚ powder‚ tinted moisturizer
Premium Corporation Limited liability Limited company
388937544450Unit 1- The business environment Assignment 1: Business structure and its stakeholders P1‚ P2‚ M1‚ D1 24/10/2014 00Unit 1- The business environment Assignment 1: Business structure and its stakeholders P1‚ P2‚ M1‚ D1 24/10/2014 3213100276415500 Task 1: Compile two tables one for each type of business and discuss their purpose and ownership of each of two contrasting businesses. Type of Business Matalan started off as a local business in Preston‚ it then became national
Premium Management Marketing Business
extreme you have the monopoly structure‚ where the market is dominated by one company with little competition. At the other end of the spectrum you have perfect competition‚ where the market is made up of about 100 small companies who would own about 1% of the market each. Towards the middle of the spectrum you have the oligopoly structure where the market is of about 4-10 companies who each control a big chunk each. Perfect competition describes how a set of companies aren’t big enough to control
Premium Monopoly Competition Economics
16 years and this education is provided by the government if the school is public‚ for private school you have to pay fees. Primary schools follow Early Years Foundation Stage and the National Curriculum; primary schools follow the NC of key stage 1 and key stage 2. NC stands for National Curriculum and this means that a common programme of study in schools that is designed to ensure nationwide uniformity of content and standards in education. The children in primary schools learn
Premium Education School Psychology
Environment 1. The main point Upton states is that there has been a slower-moving cycle in the Pacific Ocean which is causing temperatures to rise. Across the planet‚ temperatures have been breaking records and it is expected temperatures will continue to rise. 2. Carbon dioxide has always been in the earth’s atmosphere but in the past 30 years there has been a major increase of carbon dioxide throughout the planet. Fossil fuels has been identified as the main reason for the risen temperatures
Premium Carbon dioxide Global warming Fossil fuel
Homeostasis What is homeostasis? Homeostasis is the mechanism in our body that regulates and maintains a stable and constant environment. This enables our body to respond to changes in the environment around us as. The homeostatic mechanisms in our body‚ observe and monitor conditions and will then make a judgment whether to change the way the body functions is order to adapt to the outside surroundings better. The main organs involved in homeostasis are; the brain‚ liver‚ skin and kidney’s.
Premium Metabolism Parasympathetic nervous system Autonomic nervous system