BUSINESS ADMINISTRATION LEVEL 3
EXAMPREP 2026 COMPLETE QUESTIONS
AND ANSWERS GRADED A+
●● What is the organisation values? Answer: Represent what the
organisation stands for
●● Why are having aims and objectives important? Answer: They cover
the organisations aims to achieve as well as the outcomes
●● What are aims? Answer: Statements of intent and they set out what
the organisation hopes to achieve
●● What are objectives? Answer: Specific statements that define
measurable outcomes
●● What is inflation? Answer: A general increase in prices and fall in the
purchasing value of money
●● The labour market and how this affects the organisation. Answer: the
availability and the ability of workers to work and for employers to hire
them. If qualified staff are not available, costly for organisation to
recruit. Staff may leave for a favourable market and move else where,
competitors.
, ●● How the financial market impacts the organisation Answer: Dictates
interest rate, what they can borrow and sell
●● Who do currency rates effect? Answer: Organisations who buy or
sell overseas
●● What are Market forces? Answer: the economic factors affecting the
price, demand, and availability of a commodity.
●● What is Policy and regulatory change? Answer: Where there may be
some changes in legislation, regulations which in turn require a change
in policies in the organisation
●● What is a supply chain? Answer: Flow of goods and services from
raw materials to the customer
●● PESTLE Answer: Political, Economic, Social, Technological, Legal,
Environmental
●● What is a pestle analysis? Answer: Used as a tool by organisations to
track the environment they operate in. Can also be used when planning
to introduce a new service, product or project.
EXAMPREP 2026 COMPLETE QUESTIONS
AND ANSWERS GRADED A+
●● What is the organisation values? Answer: Represent what the
organisation stands for
●● Why are having aims and objectives important? Answer: They cover
the organisations aims to achieve as well as the outcomes
●● What are aims? Answer: Statements of intent and they set out what
the organisation hopes to achieve
●● What are objectives? Answer: Specific statements that define
measurable outcomes
●● What is inflation? Answer: A general increase in prices and fall in the
purchasing value of money
●● The labour market and how this affects the organisation. Answer: the
availability and the ability of workers to work and for employers to hire
them. If qualified staff are not available, costly for organisation to
recruit. Staff may leave for a favourable market and move else where,
competitors.
, ●● How the financial market impacts the organisation Answer: Dictates
interest rate, what they can borrow and sell
●● Who do currency rates effect? Answer: Organisations who buy or
sell overseas
●● What are Market forces? Answer: the economic factors affecting the
price, demand, and availability of a commodity.
●● What is Policy and regulatory change? Answer: Where there may be
some changes in legislation, regulations which in turn require a change
in policies in the organisation
●● What is a supply chain? Answer: Flow of goods and services from
raw materials to the customer
●● PESTLE Answer: Political, Economic, Social, Technological, Legal,
Environmental
●● What is a pestle analysis? Answer: Used as a tool by organisations to
track the environment they operate in. Can also be used when planning
to introduce a new service, product or project.
