Introduction to Business
Description
Produce an assignment which has three tasks
Task 1 (400 words)
Explain what is meant by a stakeholder and using examples show how different stakeholders can affect business operations
Task 2 (300 words)
Explain what is meant by the primary, secondary and tertiary sectors of the economy and using examples show how these sectors are linked with each other
Task 3 (600 words)
Identify three external factors which impact upon business operations and discuss how businesses could respond to these external factors
In this assignment you are expected to include the following:
An explanation of key business terms (AC 1.1)
Demonstrate an understanding of the way in which stakeholders influence business operation (AC 1.2)
Describe the interaction between the different business sectors in the UK economy, using examples from two or three different sectors (AC 2.1)
Identify two or three external factors impacting on the UK business sector (AC 2.2)
Identify the impact the chosen external factors can have on the operation and performance of organisations in the business sector (AC 2.3)
Include any reference materials and sources of information
You should organise your work to complete the assignment between 1000 – 1500 words
1. Identify key concepts and business aims relevant to the study of business 1.1 Explain three main business sectors
1.2 Describe how the different business sectors of the UK economy interact with each other
2. Demonstrate an understanding of the key features of the business sector of the UK economy 2.1 Identify at least two external factors facing the UK business sector
2.2 Identify the impact the chosen external factors can have on the operation and performance of organisations in the business sector
