Business and the Economic Environment Essay

depict the electrical shock of governing spending on a selected clienteleP4 Explain how twain pecuniary and monetary policy decisions sire affected a selected callingP5 hunt the impact of international factors on a selected personal line of credit M1 Analyse the implications of government policies for a selected businessM2 Analyse the deeds of monetary and monetary policies for a selected business in terms of the food market it ope grade inM3 Assess the impact of alternates in the world(a) and European business environment on a selected businessD1 Evaluate the impact of changes in the economic environment on a selected businessD2 Suggest and shrive elements of fiscal and monetary policies that would serve a selected business achieve its objectives disciple declaration I certify that the work submitted for this grant is my own and look sources are fully acknowledged. Learner signature Date LEARNING OUTCOMES On completion of this unit you should 1. Understand the i mpact on businesses of changes in the economic environment 2. Know how government spending impacts on businesses 3. Understand fiscal and monetary policies and the effectuate on spending 4. Know how the international parsimoniousness affects UK businesses and competition.Assignment 1 Date issued27/01/14Deadline Date 10/02/14 Scenario This assignment requires you to consider the effects of a changing economy on a selected business. You bequeath base your answer around a ramifyicular UK companion which operates in the Service sector. The Davis Service Group provides textile maintenance serve in the UK and Europe. This includes linen hire, work-wear rental, dust control mat, laundry and washroom operate. The Group consists of 2 main operating(a) companies each with its own directors and executive team. These two operating companies delegate responsibility and authority to profit centers throughout the Group. Providing essential work enables the company to grow when economic ac tivity is expanding in its various markets. For example, it has tardily been increase quickly inPoland. At the same time because the services it provides are so essential to other businesses it manages to maintain sales in times of falling demand.With the given case study you will claiminess to produce a composing which examines how Davis service Group has managed the recent change in the Business Cycle. childbed 1 Produce a report describing the business cycle, including explanations of the nature of each stage of the cycle and its impact on the Davis Service Group. Explain what effect an increase of GDP, Balance of Payments and the Ripple effect would have on Davis Service Group. This provides indicate for P1 Explain the effects, of changes in the economic environment on a selected business. Task 2 Using UKs authentic Inflation rates, Unemployment rates and GDP figure, state how changes affect Davis Service Group. holler futurity changes and inform and justify how Davis Service Group can oppose to these changes. This provides picture for D1 analyse the implications of government policies for a selected business. Sources of information The Times speed of light Online HYPERLINK http//www.thetimes100.co.uk/case-studymanaging-firms-throughout-the-business-cycle111-360-1.php http//www.thetimes100.co.uk/case-studymanaging-firms-throughout-the-business-cycle111-360-1.php HYPERLINK http//www.bbc.co.uk/news/10613201 http//www.bbc.co.uk/news/10613201 Assignment 2 Date issued24/02/14Deadline Date 28/04/14 Scenario As a manufacturing company, jaguar set ashore roamer has borne the brunt of sustainability regulations and the growing costs of compliance.The carmaker, which employs 15,000 people, including 3,500 engineers at two product development centres in the Midlands, is part of the EU ETS scheme and has signed up to a Climate tilt Agreement. Head of sustainability Frances Leedham says One of my objectives is to make environment and sustainability pa rt of doing business. It was unheard of a few years ago, but there is a clear bonus to de ampere-secondise our economy and focus on renewable energy. Across our UK facilities we have set ambitious targets, and by 2012 we aim to reduce operating carbon emissions by 25 per cent, waste to landfill by 25 per cent and irrigate consumption by 10 per cent. So crucial is the companys sustainability agenda to semipermanent business growth that a 9m fund has been set aside for investing in efficiency measures across the business, targeting areas where the biggest savings can be made. Jaguar Land Rovers paint shops, for example, have been identifiedas the largest consumer of energy in the whole manufacturing process. By sharing best practice between mathematical product sites, the company has implemented more than 50 initiatives-from optimising use of air compressors to completion parts of the paint shops when they are not being used.These measures have deliver 13,200 tonnes of carbon em issions and more than 1.5m in energy costs over the medieval two years. But Leedham insists smaller schemes have a significant effect, in addition Things such as lighting, heating and PC shutdown policies are as important as the bigger manufacturing issues. Engaging employees in our environmental outline is fundamental to achieving sustainability targets. Task 1 The government sets out policies that influence the UK economy. You need to explain what the succeeding(a) policies are and how each policy impacts Jaguar Land Rover in a peremptory and negative way. Economic constitution Industrial Policy Competition Policy Fiscal Policy loving Policy Education and Training Policy Transport Policy environmental Policy HINT- Use the Jaguar Land Rover website to gain more information on how Jaguar Land Rover is part of these policies. This provides evidence for P2 learn how government polices impact on a selected business Task 2 The UK political science has proposed the following chan ges Spending on education to increase. establishment introduces a programme to cut carbon emissions by 20 Government introduces a lower inflation target of 1.5 The government outlined severalise changes in the industrial policy the government will NOT attendant business to introduce new technology. Your task is to analyse the impact of the higher up changes on your business. You need to examine the information and draw justified conclusions on how the business may react. This provides evidence for M1 Analyse the implications of government policies for a selected business Task 3 Produce an article for The Halesowen College Education magazine, you should include the following headings- Define government spending and how it takes place at different levels. Identify and describe the key areas on which government spending takes place (You should set up your description with figures which show the percentage of total government spending allocated to the major(ip) areas) Describe how g overnment spending affects your selected business Explain the Multiplier machine in the context of the knock on effects it has on your selected business. This provides evidence for P3 identify the impact of government spending on a selected business Task 4 Outline how Fiscal, (Direct andindirect tax, capital allowances, public finances and the budget), and Monetary, (Interest rates, employment levels and inflation) affect Jaguar Land Rover.Explain how changes in the higher up will affect investment levels for Jaguar Land Rover. This provides evidence for P4 explain how both fiscal and monetary policy decisions have affected a selected business. Task 5 Describe how changes in inflation and interest rates affect Jaguar land Rover in a positive and negative way. Use a UK graph to illustrate your answer. Predict future changes in inflation and interest rates and justify what effects it will have on Jaguar Land Rover. This provides evidence for M2 analyse the effects of fiscal and mone tary policies for a selected business in terms of the market they operate in Task 6 Suggest and justify elements of fiscal and monetary policies that government could use that would help Jaguar Land Rover achieve its objectives. This provides evidence for D2 Suggest and evaluate elements of fiscal and monetary polices that would help a business achieve its objectives.