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In this paper, you are expected to explain the characteristics of different business markets and the nature of interactions between businesses within a market. Moreover, explain how an organisation’s goals may be shaped by the market in which it operates. Finally, you are to describe the legal responsibilities/obligations of a business and present a clear structured report using Harvard referencing.
1.1 Explain the characteristics of different business markets. 1.2 Explain the nature of interactions between businesses within a market. 1.3 Explain how an organisation’s goals may be shaped by the market in which it operates. 1.4 Describe the legal obligations of a business.