P5 Describe the Influence of 2 Contrasting Economics Environments on Business Activities Within a Selected Organisation

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P5 Describe the influence of 2 contrasting economics environments on business activities within a selected organisation Introduction In this task I will be talking about two contrasting economic environments on business activities for Harris Academy Peckham and Peckham. The economic environments will be recession, demand and supply. Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much of a product or service is desired by product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and how much of a good or service is supplied to the market is known as the supply relationship. Price, therefore, is a reflection of supply and demand. Harris Academy Peckham Demand and supply In this section for the task, I will be discussing the demand and supply for the school, in the most important element to talk about of the demand for and the supply of the school places and the parents that they need to send their kids to the school. It will be not uncommon for the parents who they live in Peckham to send their children to the school or different school that they aren’t in the area. There is a leading-on of the effect to the firing teaching because they were not enough students to come to the school, in this would cause extreme in the implication of the school which is the various subject that they have offer, there would be fewer A-Level on the offer and the offer in HAP they may resort in BTEC’s because the limited is the amount of the teacher that the school, therefore the students they will not have to wide on the choice of the courses to study. On the other hand the school they could attempt on the increase of the demand form year 6 it is to show them that
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