Pass 6 and Merit 3 for Business Environment - Level 3 Extended Diploma in Business.
- Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders.
- Analyse how political, legal and social factors have impacted on...
Conor Cunningham
Task 2: Political, Legal and Social Factors
The Junior Chamber of Commerce would like you to create a PowerPoint Presentation (with
notes) or any other suitable format of evidence which will explain to the new entrepreneurs
the impact that Political, Legal and Social factors have on the two selected businesses and
their stakeholders.
You are required to complete the following for P6, M3 and D2:
Create a PowerPoint Presentation or any other suitable format of evidence identifying
political, legal and social factors which will have an impact on the business’ activities of each
organisation and their stakeholders:
a) Describe how each factor has an impact on the business’ activities; identify the stakeholders
who will be most affected by this factor and explain what the impact is. (P6)
b) Analyse how each factor has had an impact on the business’ activities of both organisations.
(M3)
,Introduction
Changes in many different areas affect businesses and the way in whic
they operate on a day-to-day basis. Businesses should be aware of
changes that take place due to factors such as;
• Political factors – decisions made by the government change the wa
which business activity is carried out
• Legal factors – businesses should operate within the framework of th
law
• Social factors – changes in social factors change the way in which
businesses operate
, Political factors
Politicians make very important decisions which affect business. They are led by a prime minister
who leads the ruling cabinet and is in charge of health, education, industry, taxes, labour laws and
the environment.
At international level, Britain is a member of the European Union. This body makes political
decisions about local issues on their behalf.
Locally, councils are elected to represent the public in the area and make decisions about local
issues.
Sometimes, decisions made by politicians favour businesses, for example, an exemption from
paying taxes. However, sometimes political decisions restrain business, for example, when business
taxes are raised or when businesses are prevented from carrying out certain activities.
Due to changes in political factors, Tesco and Newry Mourne and Down District Council will be
affected. Ways in which these two businesses and their stakeholders are impacted will be looked at
in the slides which follow.
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