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BTEC Business Level 3 Unit 1 P5, M2
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BTEC Business Level 3 Unit 1 P5, M2
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BTEC Level 3 Unit 1 (P5, M2) Name: Daniil ChernatUnit ttle: The Business Environment Assignment ttle: What business is all about
P5) Describe the inflence of two contrastnn economic environments on blsiness actvites
within selected ornanizatonn
M2) Compare the challennes of selected blsiness actvites within selected ornanizaton in
two diferent economic environmentsn
The business I will be looking at is Gazprom in the UK and Russia.
Economic
Importance of stability – Businesses like Gazprom want to have economic stability in order to
make predictons for the future. Typical economic goes through boom (goes up) and recession
(goes down). A typical economical cycle is shown below
(http://economics4bastudents.blogspot.co.uk/2113/1//business-cycles.html)
Levels of infaton – Period of infaton is when the value of the currency drops, because
of the costly rising prices of products and services. This can result in economic instability
which could afect the rising of unemployment. The graph below illustrates the infaton
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