LEVEL 3 BTEC NATIONAL IN BUSINESS Unit 1: Exploring Business Activity Learners name: Date issued: Criteria ref P3 P4 P5 P6 M2 M3 D2 Grading criteria Describe how two businesses are organised Explain how their style of organisation helps them to fulfil their purposes Describe the influence of two contrasting economic environments on business activities within a selected organisation Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders Compare the challenges to selected business activities within a selected organisation, in two different economic environments Analyse how political, legal and social factors have impacted on the two contrasting organisations Evaluate how future changes in economic, political, legal and social factors may impact on the strategy of a specified organisation Hand-in date: Assignment 2: Organisation & external factors Assessors name: Date submitted: Date Evidence achieved Comments/Feedback from assessor
business activities within both organisations (P5) This will require understanding issues like the business cycle, demand & supply, inflation, government policy and GDP environments (M2)
c) Describe how political, legal and social factors are impacting upon the
business activities of the selected organisations and their stakeholders (P6) For this mark you simply need to describe some of the important changes that are taking place using appropriate facts and figures. You must analyse for example which of the factors are significant and what sort of impact are they having on the business? What sorts of changes in business planning have resulted from these external changes? How is the business coping with these changes?
d) Analyse how these factors have impacted on the two businesses (M3).
Task 3 (D2) For the Distinction you must: e) Evaluate how future changes in economic, legal, political and social factors may impact on the strategy of the businesses. You have already considered for M3 the changes but you must now think how they will affect the future? What are likely to be the new challenges facing the business? Can you find predictions & forecasts about changes in the economy, government policy, new laws that may come in and changes in society that would influence the business strategy?