Unit 1 P5

Words: 1018
Pages: 5
Open Document
P5 -describe the influences of two contrasting environments on business activities within selected organisations.
In this task I am going to be talking about the economy and what it evolves also I am going to be talking about the different economical factors that affect the business interest rates, inflation, demand and supply, labour, government policy. And I am going to describe how two economical factors affect the business activities during a boom period and then I am going to do the same for the recession period.
What is the economy?
The economies is the wealth or resources of a country or origin this is in terms of production and the compsumption of goods or the services that they provide this is because the Economy is made up of consumers …show more content…
When you borrow money from the banks then you will start to have a relationship with them as if you pay your depts. back on time then the bank will start to trust you as your credit rating will be good. To pay off depts. businesses may have to sell their products to be able to pay off their depts. as the profit they make from the products might have to pay off the depts. they …show more content…
The taxation that government put on products and the spending are how the government makes sure that the economy is stable and that it has a genital growth.
(Business level 3 book 1)

Tesco during boom;
The business that I am going to look at is Tesco’s as they are a big supermarket that have been around since 1919. In the boom I think that Tesco would have a lot of competition as the other supermarket stores they would be competing with all the other major supermarket stores. In the boom they would be an increase of business as lots of people will have more money to spend and they would buy more things also the prices on the products might decrease so then people will buy more before the prices increase.
Tesco during recession;
The business flow of Tesco in the recession would be different as they would have to lower the prices to make it more affordable for the customers as in the recession people have less money and they normally buy what the need and don’t go buying lots of a product unless it is on offer so it is important for Tesco to get the prices right as if they don’t then the other supermarkets will get more customers than
Show More

Related Documents: Unit 1 P5

unit 1 p5 Essay examples

Unit 1 p5 context: In the one to one interaction I played as Alf’s career his an elderly patient he lives in a care home and his money has been lost/stolen. His really angry therefore as his career i had to settle him down and try talk to him.my role was to calm Alf and try to re-cap Alf’s memory for him remember what happened to his money. verbal listening and responding skills: When Alf was talking to me he was in a angry mood I had to calm him down, I responded to Alf in a calm voice so that…

Words 572 - Pages 3

P5,M2 Unit 1 Business Enviroment Essay examples

P5 - Describe how John Lewis would be influenced by economic factors in a time of economic recession and economic growth in the UK economy The two economic environments that I would be describing about are recession and growth on the business activities of John Lewis. Growth occurs when more goods are being produced and consumed, and also incomes are rising. During growth people spend more money on goods and services as they have more money to spend and also businesses would invest more and hire…

Words 1619 - Pages 7

Explain How You Expect The Activities To Promote The Expected Skills

| |Ll 5/P5 |I have chosen to do an activiy plan which will help the child with his mathematics by learning them how to count, how to do sums, in different | | |ways and not just one way. | |Unit 4 |…

Words 991 - Pages 4

Samsung Galaxy Note II (2) Essay

Course of Study: Btec Level 2 Diploma in Business Group: 1 . Unit Title: 4 22: Visual Merchandising and Display Techniques for Retail Business Assignment Title: Creating a buyer environment Date Set Review Date Submission Date Brief IV: Assign IV: W/C 27/1/14 See individual tasks 6/6/14 Student Name: Date: Date: Lecturer: Claire Biggs Objectives – (Learning Outcomes) Grading Criteria Available 1. Know the techniques retail outlets use to merchandise and…

Words 1523 - Pages 7

How The Features Of The Various Application Packages And How These Help Produce Different Types Of Documents

| | | | | |Unit Title | |Unit 29: Presenting Information using IT | |Teacher | | |…

Words 716 - Pages 3

UNIT 8 Essay

UNIT 8; PSYCHOLOGICAL PERSPECTIVES FOR HEALTH AND SOCIAL CARE Description of Unit The aim of this Unit is to introduce the learner to the different psychological perspectives and to encourage the application of these approaches to the study of health and social care. The value of psychological studies to the understanding of health and social care will be examined. You will consider the meaning of the term ‘theories’ in the context of psychology and begin to appreciate the diversity of…

Words 1061 - Pages 5

AssignmentBrief 2 2010 Essay examples

Btec Level 3 Health & Social Care Unit: Unit 4 – Development through the Life Stages Assignment: 2 – Changes due to the Ageing Process. Student Name: Issue Date: Submission Date: By completing the tasks in this assignment you will cover the following learning outcomes and grading criteria. Learning Outcome(s) Understand physical and psychological changes of ageing. Grading Criteria Pass Criteria Met (Assessor Signature) P4 Explain two theories of ageing. P5 Explain the physical and psychological…

Words 1154 - Pages 5

Essay on Assignment 2 Brief UNIT 2 ASS 2 march

Faculty: Business and IT Exeter College BTEC Assignment Brief Course Title BTEC Level 3 National Extended Diploma in Business Assignment Title Assignment 2 Unit Number and Title Unit 2 – Business Resources Hand out date – 27th February 2015 9am Hand in date 13th March 2015 4.30pm Lecturer Brian Evans Scenario/Vocational Context: You have been working as a Junior Financial Advisor and your supervisor, Trevor Beddington, is absolutely delighted with the support you provide…

Words 1325 - Pages 6

Essay about Economic Factors

BTEC National in Business Level 3 Unit 1 The Business Environment (P5) In this task, you need to describe the influence of two contrasting economic environments on business activities within a selected organization. Scenario You are still working at ‘Business Education in Schools’. Your handbook for students on organisational structures and functional areas was very successful and several schools have ordered copies. The posters were also a great success. Your manager now informs you that…

Words 362 - Pages 2

unit1level3 assignment with due dates Essay

Assignment brief Unit number and title UNIT 1: The Business Environment Qualification BTEC LEVEL 3: BUSINESS Start date SEPTEMBER 2012 Deadline DECEMBER 2012 Assessor C.GILL Assignment title Two Businesses on our Doorstep; Similar Businesses in Different worlds The purpose of this assignment is to: Give learners the fundamental knowledge of a range of business organisations, and the many factors that shape the nature of organisations operating in an increasingly complex business world. Scenario…

Words 694 - Pages 3