Other
Unit 38 - Business and the Economic Environment P1 D1
- Institution
- PEARSON (PEARSON)
Unit 38 - Business and the Economic Environment P1 D1
[Show more]
1 review
By: samahmad03 • 5 year ago
Content preview
Unit 38P1 Explain the effects, of changes in the economic environment on a selected
business
D1: Evaluate the impact of changes in the economic environment on a selected
business
1.0 Berendsen Plc (formerly known as Davies Service Group)
Berendsen Plc is a focused European textlee yyiene and safety solutons usiness wit
leadiny positons in most of t e countries in w ic t ey operate. Berendsen provide
services to leasee sourcee clean and maintain textles. Berendsen Plc is an internatonal
company w ic ofers its services in Europe.
2.0 Business cycle
Boom tme is w en it is at t e est economic staye w ic it could e. Duriny Boom tme
t ere is a iy level of demand w ic means t at t e company can increase its prices
(inflaton). Anot er t iny is t at duriny t e iy income t at t ey yet t rouy t e iy
demands usiness can invest and expand. Also many usiness start-up ecause t e market
at t at tme is very strony. Anot er t iny is duriny oom tmee t ere is a low unemployment
and an increase of wayes so t e GDP increases.
T e positve efects of inflaton on Berendsen Plc are t at t e company can invest and yrow
and expand t rouy t is. Anot er t iny is t at ecause of t e iy prices t ey yet more
money. T e neyatve efects of inflaton on Berendsen are t at t e value of t e money will
decrease. Anot er t iny is t at Risiny pricese known as inflatone impact t e cost of livinye
t e cost of doiny usinesse orrowiny moneye mortyayese corporate and yovernment ond
yieldse and every ot er facet of t e economy.
Duriny recession interest rates fall w ic ultmately afect employmente and t rouy
recession t ere is an increase of unemployment w ic leads to less yrowt and a drop in
t e consumer spendiny. Duriny t is tme t e GDPe incomee manufacturiny and retail sales
drop.
1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller alexarn. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £5.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
66579 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now