Business level 3 unit 38 p2 m1 d1, three assignments together on one document.
Identify how government policies impact on a selected business.
Analyse the implications of government policies for a selected business.
Evaluate the impact of changes in the economic environment on a selected busines...
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P2/M1/D1-I will be identifinn and analfsinn the implicatins and impact ii nivernment pilicies in
ASDA and I will be evaluatnn the impact ii channes in the ecinimic envirinment in ASDA.
In terms ii the ecinimic pilicies these are pilicies which are her ti make the ecinimf beter and the
nivernment is makinn it difcult iir trade uniin ti strike which means ASDA di nit have ti wirrf abiut
trade uniin strikinn as these are the peiple that liik afer the interests ii emplifees. Austeritf is when
the nivernment spends less because ii hiw bad the ecinimf is, which will afect peiple in benefts
because ii the nivernment spends less it means their benefts will net liwered which means thef will
have litle minef ti spend in and this afects ASDA because it means thef will have less custimers
bufinn irim them. Alsi as the nivernment intriduced livinn wane which is hinher than minimum wane,
ASDA will have ti paf their staf mire which means less prift iir ASDA. The nivernment wants ti keep
unemplifment liw which is whf thef intriduced zeri hiur cintracts, which means peiple can wirk
when thef want ti as there are ni minimum wirkinn hiurs anreed and this maf enciurane peiple ti
wirk. In terms ii industrial pilicf this is when the nivernment is enciuraninn the develipment ii
sectirs. The businesses can have mire staf in terms ii havinn apprentces wirkinn iir them iir
example ASDA can have apprentces wirkinn iir them and this benefts ASDA because thef have mire
staf and thef can paf them the minimum apprentce wane. The nivernment is alsi enciuraninn peiple
ti be seli-emplifed and have their iwn business and this will help the sectirs nriw. The nivernment
sells nivernment iwed cimpanies which means ASDA ciuld buf ine and run it in their stires such as a
pist ifce and thef will have mire custimers in their stires. The nivernment is alsi iferinn benefts ti
businesses ti mive ti piirer areas, this will beneft ASDA because ii thef want ti ipen mire stires in
the iuture thef ciuld di it in piirer areas because the nivernment will nive them minef and the
chance ti paf liwer tax.
In terms ii cimpettin law the nivernment has this law in place ti stip ant-cimpettve actvites such
as price fxinn which means ASDA cannit talk ti Tesci abiut prices and this will afect ASDA because ii
Tesci’s priducts are liwer than theirs, custimers will ni ti Tesci which means ASDA will have less sales
and prift. Alsi cimpanies such as ASDA can di the wirk which the nivernment dies such as teachinn,
ASDA can setup cillenes and hire teachers irim independent cimpanies ti wirk there ir ASDA can hire
teachers ti wirk in cillenes and teach subjects. Alsi ASDA cannit iirce their cimpettirs iut ii
business and this impact’s ASDA because ii thef were ti iirce cimpettirs iut ii business thef wiuld
make a hinh amiunt ii prift. Alsi ii ASDA have mire stires in piirer areas, thef will be ni
cimpettin iir them which means thef will make mire sales. In terms ii cimpettin ii supermarkets
are cimpetnn ti make prices liw, prices maf ni diwn tii liw due ti the cimpetnn ,which is what
happen ti the cist ii milk;the prices are liw.
Sicial pilicf is the pilicies iir weliare and sicial pritectin and it links ti sicial services and the weliare
state. The nivernment have cut benefts iir larne iamilies and thef intriduced a cap which means ni
mater the amiunt ii children ine has thef net the same amiunt with simeine with less, mire ir the
same amiunt ii children and this impacts ASDA because the iamilf will nit have eniunh ti liik afer
their children which means thef will buf less irim ASDA which means less prift iir ASDA. Alsi thef are
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