UNIT 38 P1 - Explain the effects of changes in the
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For P1, learners should explain the likely effect of variations in the economic environment on a selected
business, by examining the business cycle and indicators that describe it, such as inflation, employment,
growth and international trade. Learners should choose an appropriate business in order...
of changes in the economic environment on a selected business
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Level 3 BTEC Business Extended Diploma
UNIT 38 P1 - Explain the effects of changes in the
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Unit 38 – P1
FOR NOTES AND GUIDLINE PURPOSES ONLY, COPYING THE WHOLE
DOCUMENT WILL BE COPYWRITE.
USE SENSIBLE.
In this assignment I’m going to explain the effects, of changes
in the economic environment on a selected business. The
selected business I’m going to do is jaguar.
Jaguar Land Rover is a company that brings together two much
loved, highly prestigious British car brands. After Tata Motors
acquired Jaguar and Land Rover from Ford in 2008, it merged
the two marques into a single company and its success has
flourished, with memorable vehicles and innovative
technologies that add to a long-lasting legacy.
Environmental Responsibility is a priority which affects
everyone at Jaguar Land Rover. Carbon emissions, water,
waste, materials. They're all factors that influence the decisions
we make, every working day. Jaguar is using all our expertise to
challenge both our products and our operations. Through
innovation, jaguar aim to evolve there businesses and continue
to drive down there environmental impact in the future,
demonstrating an exciting new synergy between sustainability
and performance.
The business cycleis the four phases of economic growth and
subsequent decline. The goal of economic policy is to keep the
economy in a healthy growth rate, fast enough to create jobs
for everyone who wants one, but slow enough to avoid
inflation. The business cycle is related to the economic
environment because economies go through a regular pattern
of ups and downs in the value of GDP.
Business Cycle includes
Recession: falling levels of consumer spending and confidence
mean lower profits for businesses – which start to cut back on
investment. Spare capacity increases + rising unemployment
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