Level 3 BTEC Business Unit 1 P5,M2 [1st Year]
In this assignment I will be focusing on the two existing business which are Pizza hut and IKEA which I've done in the first task. I will be describing the influences of the two economic environments on business activities within selected organisation, and for task 2 I will compare the challenges to selected business activities within a selected organisation, in two different economic environments. In part one I'll be focusing on one business which is Pizza hut. Pizza hut specializes on selling good quality pizza, and they're the number pizza business leading globally. Since the business pizza hut is the leading business globally, they have mass numbers of employees, and stores to make the business expand and gain profit. The number of employees working for Pizza hut is 160,000 which is a large scale business, and the number of stores Pizza hut is operating globally is 11,139 stores. 6,000 stores are operating in the US alone, and the rest are operating globally. Economic environment is when it's made up of millions of individual decision makers who buy and sell goods, and also borrow money from banks or friends, and lending money too. This could raise the taxes and change interest rates. The natural fluctuation of the economy between periods of expansion (growth) and contraction (recession). Factors such as gross domestic product (GDP), interest rates, levels of employment and consumer spending can help to determine the current stage of the economic cycle. Boom is a period of time during which sales of a product or business activity increases very rapidly. Recession is a significant decline in activity across the economy, lasting longer than a few months, in other meaning it's when for two quarters in a row, the value of goods sold in the economy will fall. Slump is a poor performance or inactivity in an economy, market or industry. Lastly Recovery is when the economy starts to perform well with more products and GDP, and it will gradually increase and then a boom will occur.
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I need help with M3 and D2
M3-Analyse political, legal and social factors on two contrasting organisations
D2-Evaluate how future changes in economic political legal and social factors may impact on the strategy of a specified organisation
My two businesses are DANIELS and WINDSOR AND ETON BREWERY
When I did mine I chose a simple company I chose Sainsbury's because there are many legal factors, political decisions, economic factors that impact the business. For the D2 section I mention for economic factors Salisbury's as large national business will be impacted by many economic impacts. In 2016 the UK vote leave the EU. This would impact Sainsbury's because tariffs (Import/Export Taxes) may be imposed on sainsbury's products they export and import around Europe and around the world. This would then lead to an increase in expenditure for the business. However, Saisnbury's as business may decide to pass this cost onto to consumer and customers this would then therefore make themselves less competitive against competitors. This would result in customer dissatisfaction and will then lead to a decrease in sales and profits and market share and market power. This will then dissatisfy shareholders because they as their investment in the shares will decline. ( - Due sainsbury's being PLC company) So for you business you could talk about how they import good across Europe and how that may affect you business financial and logistically. Make sure you go into detail - This means that.... Which will then lead.... This will then impact the business....
I would send you my work I did back in September 2015 but I don't want to get my qualifications revoked its not worth it.
THANK YOU very much you help a lot, and i was able to complete it on time : ) you helped a lot thanks again.