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

For the full unit details, please download the latest version of the qualification specification. This is available for download on the relevant qualifications page.

Unit Learning Outcomes

To view the assessment criteria and any additional content, please expand the relevant learning outcome below.

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.