The Global influences, International Trade Policies and Regulations imposed by the relevant trade authorities’ impact the firm’s Human Resource Policy and Company’s Code of Conduct.
Understand the nature of the national environment in which businesses operate.
Explain how economic systems attempt to allocate resources effectively.
Assess the impact of fiscal and monetary policy on the business organisation in consideration and its activities.
Evaluate the impact of competition policy and other regulatory mechanisms on the activities of the organisation under discussion.
Understand the behaviour of organisations in their market environment.
Explain how market structures determine the pricing and output decisions of businesses.
Illustrate the way in which market forces shape organisational responses using a range of examples.
Judge how the business and cultural environments shape the behaviour of a selected organisation.
Understand the organisational purposes of businesses.
Identify the purposes of different types of organisation.
Describe the extent to which an organisation meets the objectives of different stakeholders.
Explain the responsibilities of an organisation and strategies employed to meet.