UNIT 38 P1 Explain the effects of changes in the
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UNIT 38 BUSINESS LEVEL 3 - P1,P2,P3,P4,P5
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--135enero 2016
- THE BUNDLE IS RECOMMENDED AS ALL THESE ASSIGNMENTS ARE CONNECTED.
The aim of this unit is to introduce learners to the interaction between the general economic environment
and business activity and how the interactions generate national wellbeing. Learners will study how
government activities regulate and influence business activities and how busi
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UNIT 38 P1 - Explain the effects of changes in the economic environment on a selected business
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3.0(4)3.0-4enero 20162014/2015
- For P1, learners should explain the likely effect of variations in the economic environment on a selected
business, by examining the business cycle and indicators that describe it, such as inflation, employment,
growth and international trade. Learners should choose an appropriate business in order to examine the
impact of any changes. A local example or a major national example will help ensure sufficient information is
available.
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