Business EnvironmentTABLE OF CONTENTS 11 Identify

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Business Environment

TABLE OF CONTENTS

1.1 Identify the purposes of different types of organisation pg.3,4

1.2 Describe the extent to which an organisation meet the objective different stakeholders pg.5

1.3 Explain the responsibilities of organisation and strategies employed to meet them pg.6,7

2.1 Explain how economic systems attempt to allocate resources effectively pg.7, 8

2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities pg.8, 9

2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation pg.10

3.1 Explain how market structures determine the pricing and output decisions of businesses
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All company assets belong to the company and not to its owners. The owner of company they have shareholder.
Franchising is a business in which the owners or franchising sell the rights to their business. The franchising must first pay an initial fee the rights to the business, training and the equipment by that franchise.
1.2 DESCRIBE THE EXTENT TO WHICH AN ORGANISATION MEETS THE OBJECTIVES OF DIFFERENT STAKEHOLDERS
Definition
A stakeholder is a person, group or organisation that has interest or concern in an organization. Stakeholders can affect or be affected by the organizations actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies) owners (shareholders), suppliers, unions, and the community from which the business draws its resources .Not all stakeholders are equal.
Stakeholders are individuals groups where they have an interest in how the enterprise performs because it affects them in some way. Every organisation has their types of stakeholders groups:
* internal stakeholders (employees, management)
* connected stakeholders (shareholders, customer, suppliers, financiers)
* external stakeholders (the community, government)
The internal stakeholders are the groups which are connected with the organisation. They it’s interested to continue the existence of the company (e.g. Owners and workers).
The external stakeholders are a party such

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