External Factors Affecting Business

Overview

Framework:
Access to HE 2024
Level:
Level 3
Unit No:
Not available
Credits:
3
Guided learning hours:
Not available

Qualification Grading Type

Graded

Unit Learning Outcomes

1.

Know how a range of external factors can affect business.

Assessment Criteria

  • 1.1.

    Analyse several ways in which a business can be affected by external factors such as government policy, pressure groups, competition and recession.

2.

Understand the social and ethical responsibilities of a business.

Assessment Criteria

  • 2.1.

    Explain in detail the social and ethical responsibilities of a business including the objective of Corporate Social Responsibility.

3.

Be able to analyse how a business must respond to changes in the environment.

Assessment Criteria

  • 3.1.

    Analyse an environmental issue relating to business and any issues arising from it, using specific examples.