1.1 Explain the features of business activity

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1.1 Explain the features of business activity

Unit F/601/2811 The Business Environment

Learning Outcome The learner will: Assessment Criteria The learner can:
1. Understand the significance of the environment on business activity
1.1 Explain the features of business activity
1.2 Discuss the complex interactions that operate between a business and its environment
1.3 Explain the need for change and its management within an individual business
2. Understand the structure and organisation of business
2.1 Discuss the impact of industrial and legal structure and size on organisational behaviour
3. Understand the competitive and political environment facing businesses
3.1 Discuss differing ways of analysing the environment of a business
3.2 Explain the impact of market structure on the behaviour of firms
3.3 Describe the complex interactions between business and government
3.4 Discuss the need for government intervention and the forms it might take
4. Understand the impact of the macro-economic environment on business
4.1 Compare and contrast alternative economic systems
4.2 Analyse the role of government in controlling the level and patterns of economic activity
5. Understand the influence of the global economy on business
5.1 Discuss the importance of international free trade and its operation
5.2 Assess the main causes and implications of globalisation

6. Understand the impact of socio-cultural influences and technology on business decisions
6.1 Describe key demographic and social trends that affect business
6.2 Discuss Corporate Social Responsibility (CSR) and its implications for business
6.3 Discuss the impact of technology on business and business systems