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Political and legal change
Students analyse laws, regulators, infrastructure, environment and international trade policy.
0
Objectives
10
Flashcards
10
Questions
90 min
Study time
AqaA LevelBusinessAnalysing the strategic position of a business
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Syllabus checklist
What you need to know
0 objective pages available
Political and legal environment2 objectives
- Analyse the impact of political and legal change on strategic and functional decision making.
- Explain effects of laws and policy related to competition, labour markets, environmental legislation, enterprise, regulators, infrastructure and international trade.
Key terms
business changePolitical and legal environmentanalyseimpactpoliticallegislationbusiness change decisionbusiness change stakeholder impact
Exam tips
- Political and legal environment exam tip 1: Write the method before the answer so the examiner can follow each step. Apply this to analyse the impact of political and legal change on strategic and functional decision making..
- Political and legal environment exam tip 2: State the exact concept or formula you are using before substituting values. Apply this to analyse the impact of political and legal change on strategic and functional decision making..
Common mistakes
- Political and legal environment common mistake 1: Show the method first, then give the final answer in the required form. Apply this directly to Political and legal environment.
- Political and legal environment common mistake 2: Name the relevant value or feature from the question and explain how it is used. Apply this directly to Political and legal environment.
Practice preview
- Which answer best applies business change to Political and legal environment? Scenario: a growing manufacturer deciding whether business change improves capacity without damaging cash flow.
- Which response gives the strongest financial reasoning for business change? Scenario: a service business comparing business change against customer service, employee workload and profit objectives.
- Which option evaluates business change most effectively? Scenario: a retailer using market evidence and financial data before committing resources to business change.
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