BTEC Business Unit 1, Business Environment P6 M3 (Describe how political, legal and social factors are impacting upon the busienss activities of the selected organisation and their stakeholders) (Analyse how political, legal and social factors have impact

Unit 1: The Business Environment P6 M3




P6 M3




Unit -1 (The Business
Environment)
BTEC National Diploma In Business Level 3




The Date
Author: Your Name
Your Teacher




1

,Unit 1: The Business Environment P6 M3


Unit 1 – Business Environment


On completion of this unit I should:

1) Know the rage of different businesses and their ownership
2) Understand how businesses are organised to achieve their purposes
3) Know the impact of the economic environment on businesses
4) Know how political, legal and social factors impact on business

Task 7:
a) Describe how political, legal and social factors are impacting upon the business
activities of the selected organisations and their stakeholders.
b) Analyse how political, legal and social factors have impacted on two contraction
organisations.




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, Unit 1: The Business Environment P6 M3


Factors affecting business
Most successful business are well-meaning strategic management practitioners and consider
key external forces affecting the business in doing the external assessment exercise, and these
are: Political, Legal and Social factors. The scope of external assessment embraces the
analysis of opportunities and threats impacting a certain industry or business. The following
discusses the key factors covered by an external assessment:



Political Legal Social

1) County’s economy 1) Laws 1) Trends
2) Tax Rates 2) Taxation Policies 2) Tastes
3) Country’s 3) Employment 3) Environmental
relationships internal and awareness
external




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