Question

Scenario

Understanding the relationship between businesses and the environment in which the businesses operate is very important in shaping how businesses behave. In your role as Business Development Manager, you will need to develop strategies that enable your organisation to meet its purposes in ways that comply with the relevant legal and regulatory frameworks. This would involve extensive research on the organisation’s purposes and the nature of the environment in which the business operates.

You need to prepare and present PowerPoint slides to your work colleagues identifying, describing and explaining the following:-

1.1 Identify the purposes of different types of organisations.

1.2 Describe the extent to which an organisation meets the objectives of different stakeholders

1.3 Explain five responsibilities of an organisation and the strategies used to meet them

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

Answer 1

Answer1:

Private Secto ned and run by private individuals. Examples of Private Sector businesses are: Sole Traders Partnerships Companies (Private and Public) Franchises AIMS: Profit Growth Increased market share Maximise Sales

Press Esc to exit ull screen Voluntary Groups

Press Estoexscreen Voluntary groups are not owned by any individual people. However, someone will be responsible for ensuring that it sets targets and budgets and does what it is set up to do.

Press Esc to ext ul screen PURPOSE In most instances they try to help particular types of people, eg guüide dogs for the blind, Oxfam etc CANCER RESEARCH UK