Business Environment

Assignment front Sheet
Qualification | Unit number and title |
Business | 01. Business Environment |
Student name | Assessor name |
Muhammad Waleed Ahmad | Abroo Asad |
Date issued | Completion date | Submitted on |
15th October 2015 | 15th December 2015 | 15th December 2015 |

Assignment Title | Organization and Business Environment |

Learning Outcome | Learning Outcome | AssessmentCriteria | In this assessment you will have the opportunity to present evidence that shows you are able to: | Task No. | Evidence(Page no.) |
LO1 | Understand the differentapproaches to qualitymanagement appropriate tocommercial operations | 1.1 | identify the purposes of different types of organization | 1(a) | 3 |
| | 1.2 | describe the extent to which an organization meets the objectives of different stakeholders | 1(b) | 4 |
| | 1.3 | explain the responsibilities of an organization and strategies employed to meet them | 1(c) | 4-5 |
LO2 | Understand the benefits ofquality management in abusiness and servicescontext   | 2.1 | explain how economic systems attempt to allocate resources effectively | 1(d) | 5 |
| | 2.2 | assess the impact of fiscal and monetary policy on business organizations and their activities | 1(e) | 6 |
| | 2.3 | Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization. | 2(a) | 7-8 |
LO3 | Understand a range of quality controls and how service to the customer can be improved | 3.1 | explain how market structures determine the pricing and output decisions of businesses | 3(a) | 9-10 |
| | 3.2 | illustrate the way in which market forces shape organizational responses using a range of examples | 3(b) | 11 |
| | 3.3 | judge how the business and cultural environments shape the behavior of a selected organization | 3(c) | 12 |
LO4 | Be able to apply theprinciples of qualitymanagement to improve the performance of anorganization | 4.1 | discuss the...