Primary objective and benefits

1. Understand the organizational purposes of businesses
2. Understand the nature of the national environment in which businesses operate
3. Understand the behavior of organizations in their market environment
4. Be able to assess the significance of the global factors that shape national business activities

• identify the purposes of different types of organization
• describe the extent to which an organization meets the objectives of different stakeholders
• explain the responsibilities of an organization and strategies employed to meet them up

• explain how economic systems attempts to allocate resources effectively
• assess the impact of fiscal and monetary policy on business organizations and their activities
• evaluate the impact of competition policy and other regulatory mechanism on the activities of a selected organization
• explain how market structures determine the pricing and output decisions of businesses
• illustrate the way in which market forces shape organizational responses using a range of examples
• judge how the business and cultural environments shape the behavior of a selected organization

• explain how market structures determine the pricing and output decisions of businesses
• illustrate the way in which market forces shape organizational responses using a range of examples
• judge how the business and cultural environments shape the behavior of a selected organization

• discuss the significance of international trade to business organizations
• analyze the impact of global factors on business organizations
• evaluate the impact of policies of the business organizations