External Factors Affecting Business

This unit is expiring
The expiry date of this unit is 31/07/2024.

Overview

Framework:
Access to HE
Level:
Level 3
Unit No:
QU018222
Credits:
3
Guided learning hours:
Not available

Qualification Grading Type

Graded

Grade Descriptors

  • GD2-Application of knowledge
  • GD4-Use of information
  • GD7-Quality

Unit Learning Outcomes

1

Understand in what ways 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

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

3

Understand how 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.