N100 Business and Management : COVID 19 Global Pandemic


Assessment Criteria To achieve each outcome a student must demonstrate the ability to:
Demonstrate an understanding on the key elements of the internal environment of organisations and the interaction with the external environment.
This report will enable the student to appreciate the link and relevance of a healthy external environment on businesses and their decision-making. 
1.Identify how a market economy functions and the role of government within it The report enables the student to demonstrate an understanding of how the market economy works and the principles of government that create the framework for it. 
2.Examine the economic environment within which businesses operate in the United Kingdom In this report the student is required to look at the market situation within the United Kingdom. The UK restaurant sector has a direct impact on business and consumer’s confidence and hence business operations and likelihood of profitability. 
Examine the global business environment and explain why countries benefit from trade with each other.
This report provides the student with the opportunity to look at the macro environment and at how specified countries are impacted by international economic scenarios. 
Understand the growing impact of the global factors on the businesses operating in the EU environment.    In this report the student is expected to look at not just the UK environment, but also beyond, and see how the COVID-19 global pandemic will have an impact on the UK restaurant business.
The UK’s government is undertaking a study to understand the economic impact of the COVID-19 and the economic response of the government and the central bank. You have been contacted as a consultant of the business environment to present a report to the government by answering the following questions.
1. Using the circular flow of income, explain the main impacts of lockdown on the UK’s economy.
2. What are the major the major economic response of the UK’s government and their impacts on the UK’s circular flow of income?
3. Analyse the major responses of the Bank of England and their implications on the UK’s circular flow of income.
4. What are the likely impacts of Brexit on the UK’s economy?
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