Guidelines:You will need to write a report detailing the answers to each question.
Please use simple vocabulary.
This should be in a report format and should show evidence of the research you have carried out. During these tasks, make sure to clearly explain all of your answers and the rationale behind them. The clarity of your reasoning and logic as well as the analyses that leads to the conclusion is crucial. Your report will be more effective if you explicitly integrate the theoretical concepts learned from your course.
Part 1: Question 1 – Explain how economic systems attempt to allocate resources effectively Describe the type of economic system in which your chosen companies operate.( HSBC and Morley College UK-charity organisation) Given this type of economic system(just write about mixed economy) you will need to explain how scarce resources are allocated.
Question 2 :(Write about HSBC only) Assess the impact of Fiscal and Monetary policy on business organisations and their activities Report on the way the fiscal and monetary policies of the UK influence the way your chosen business will operate in 2013. You will need to research the current economic and fiscal policies of the UK government in order to complete this task. For question 2 , reference BBC or guardian)
Question 3- Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation Using the same organisation, you are required to evaluate the impact of the UK government?s policy on competition and other regulatory mechanisms that could control the activities of the organisation.(write about the impact of bank of England ,OFT and competition competition)
Part 2: Question 1:Explain how the current market structures have determined the pricing and output decisions of the two businesses(HSBC and Morley College UK-charity organisation). Discuss the market structure in which the companies operate and the market forces that they face.
Question 2:Provide examples of how the two businesses have responded to market forces.
Question 3:Discuss how the business and cultural environments shape the behaviour of one of the businesses.
Consider the impact of global factors and the EU referendum on Businesses in the UK Read: https://www.bbc.co.uk/news/uk-politics-21230897 Your report should examine the following:
Question 1:Discuss the significance of international trade to UK business organisations. Question 2:
Analyse the impact of global factors on UK business organisations. Question 3:
Evaluate the impact of policies of the European Union on UK business organisations."Give at least 3 Uk regulations" like :transport policy,regional policy.
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