1.1 identify the purposes of different types of organisation
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Learning Outcomes Content Assessment Criteria for Pass
LO1 Understand the
organisational purposes of
businesses
Categories of organisation:
legal structure; type eg private
company, public company, government, voluntary
organisation, co-operative, charitable; sector (primary,
secondary tertiary).
1.1 identify the purposes of different
types of organisation
1.2 describe the extent to which an
organisation meets the objectives of Purposes: mission; vision; aims; objectives; goals; values;
profits; market share; growth; return on capital employed
(ROCE); sales; service level; customer satisfaction;
corporate responsibility; ethical issues.
Stakeholders: owners; customers; suppliers; employees;
debtors; creditors; financial institutions (banks, mortgage
lenders, credit factors); environmental groups; government
agencies (central government, local authorities); trade
unions.
Responsibilities of organisations: stakeholder interests;
conflict of expectations; power influence matrix; satisfying
stakeholder objectives; legal responsibilities eg consumer
legislation, employee legislation, equal opportunities and
anti discriminatory legislation, environmental legislation,
health and safety legislation; ethical issues eg environment,
fair trade, global warming, charter compliance eg Banking
Code.
different stakeholders
1.3 explain the responsibilities of an
organisation and strategies employed
to meet them
LO2 Understand the
nature of the national
environment in which
businesses operate
Economic systems: the allocation of scarce resources;
effective use of resources; type of economic system eg
command, free enterprise, mixed, transitional.
The UK economy: size (gross domestic product, gross
national product); structure; population; labour force;
growth; inflation; balance of payments; balance of trade;
exchange rates; trading partners; public finances (revenues,
expenditure); taxation; government borrowing; business
behaviour eg investment, objectives, risk awareness; cost of
capital; consumer behaviour; propensity to save; propensity
to spend; tastes and preferences.
Government policy: economic goals; fiscal policy: control of
aggregate demand; central and local government spending;
Public Sector Net Borrowing (PSNB) and Public Sector Net
Cash Requirement (PSNCR); euro convergence criteria,
monetary policy; interest rates; quantitative easing; private
finance initiative (PFI); competition policy (up-to-date
legislation including Competition Act 1998, Enterprise Act
2002); Competition Commission, Office of Fair Trading;
Directorate General for Competition); European
Commission); sector regulators eg Ofgem, Ofwat, Civil
Aviation Authority; Companies Acts; regional policy;
industrial policy; enterprise strategy; training and skills
policy.
2.1 explain how economic systems
attempt to allocate resources
effectively
2.2 assess the impact of fiscal and
monetary policy on business
organisations and their activities
2.3 evaluate the impact of
competition policy and other
regulatory mechanisms on the
activities of a selected organisation
LO3 Understand the
behaviour of
organisations in their
market environment
Market types: perfect competition, monopoly, monopolistic
competition, oligopoly, duopoly; competitive advantage,
strategies adopted by firms; regulation of competition.
Market forces and organisational responses: supply and
demand, elasticity of demand; elasticity of supply; customer
perceptions and actions, pricing decisions; cost and output
decisions; economies of scale, the short run; the long run,
multi-national and transnational corporations; joint
ventures, outsourcing; core markets; labour market trends;
employee skills, technology; innovation; research and
development; core competencies; business environment
(political, economic, social, technical, legal, environmental);
cultural environment
3.1 explain how market structures
determine the pricing and output
decisions of businesses
3.2 illustrate the way in which market
forces shape organisational
responses using a range of examples
3.3 judge how the business and
cultural environments shape the
behaviour of a selected organisation
LO4 Be able to assess the
significance of the global
factors that shape
national business
activities
Global factors: international trade and the UK economy;
market opportunities; global growth; protectionism; World
Trade Organisation (WTO); emerging markets (BRIC
economies – Brazil, Russia, India, China); EU membership;
EU business regulations and their incorporation in to UK
law; EU policies eg agriculture (CAP), business, competition,
growth, employment, education, economics and finance,
employment, environment, science and technology,
4.1 discuss the significance of
international trade to UK business
organisations
4.2 analyse the impact of global
factors on UK business organisations
4.3 evaluate the impact of policies of
the European Union on UK business
organisations. regional); labour movement; workforce skills; exchange
rates; trading blocs (eg monetary unions, common markets;
customs unions, free trade areas); labour costs; trade
duties; levies; tariffs; customs dues; taxation regimes;
international competitiveness; international business
environment (political, economic, social, technical, legal,
environmental); investment incentives; cost of capital;
commodity prices; intellectual property; climate change eg
Kyoto Protocol, Rio Earth Summit; third world poverty; the
group of 20 (G-20); global financial stability
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