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Unit 1 - P5 (The Business Environment) Btec Business Level 3
- Institution
- PEARSON (PEARSON)
This pass task P5 of Unit 1 has been marked by official teachers. Properly work done.
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SAMSUNGSamsung Group is a South Korean multinational conglomerate,
headquartered in Samsung Town, Seoul. It comprises numerous
affiliated businesses, most of them united under
the Samsung brand, and is the largest South Korean (business
conglomerate). Samsung is based mostly in electronics products
such as smartphones, TVs, printers and other products.
1
, RECESSION
A recession is a significant decline in economic
activity that goes on for more than a few months. It
is visible in industrial production, employment, real
income and wholesale-retail trade.
RECOVERY
A recovery follows a recession. Recovery is a time
when the economy becomes stronger and there is
an upturn in the business cycle. More jobs are
created and more goods and services are supplied
by businesses. Unemployment begins to fall and,
very cautiously, consumer spending starts to
increase.
2
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