Essay on Assignmant 1 Unit 38 Business Level P1,D1

2. Economic: “Our business and financial performance may be adversely impacted by current and future economic conditions” (Page 10.)

Any change that lowers the quantity that buyers wish to purchase at any given price shifts the demand curve to the left.

D1: Evaluate the reasons for the success of two contrasting businesses, reflecting on evidence gathered.

It is important for a company to try and forecast the Business Cycle to indicate practices beneficial and not beneficial to the organization with the goal of an upward trend line and minimal increase and decrease to GDP for steady growth in the Business Cycle.

There are several different types of business ownership which are most commonly used in business’ and company’s today, these include; Co-operative which is a business owned by its employees, Partnership which is a business owned by between 2 and 20 people, Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a business with the purpose to help the public, the government is a business owned by the government and lastly a sole trader which is a business owned by only one person.

In this task I’m going to analyse the figures on cash flow that I created in P3 and justify why you think the business might have problems also provide range of solutions.

Please note that this Assessment document has 8 pages and is made up of 7 Sections.

A way of doing this task efficiently would be to keep a log setting out of the roles that you and the other members of the team have within the team in which you are working as a part of.

M2(Unit 37) - Assess the social implications of business ethics facing a selected business in its different areas of activity

This causes the price and the quantity move in opposite directions in a supply curve shift. Also, if the quantity supplied decreases at any given price the opposite will happen.

Evaluate the impact of changes in the economic environment on a selected business – D1

In this task I would be talking about the influence of two economic environments on business activities. So this could be how Sainsbury’s in the UK operated during the recession and the boom period. The UK is in the growth economic environment and this means the country was before in the recession economic environment and now it is growing. This does not mean they are a rich country compared to China.

1. Explain why change happens in a business environment. You should include at least three reasons in your answer.

(P4) Explain how external factors and the economic environment affect the way in which an engineering company operates.

1. The most significant challenge to business success you see in this rapidly changing global economy;