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This paper requires you to explain the features of various business markets, nature od interactions between businesses, and how an organisation’s goals may be shaped by the market in which it operates in your report. Also, you are to describe the legal obligations of a business and present a clear structured report.
LO: Understand business markets
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