Hi Sir Ken!
Just a quick question regarding the way answers should be written for P3: Identification, Description, Effect, Implication.
For example, the question is about PESTLE.
Identification: would be Political... Etc
Decription: would be describing Political environment as significant in which organisations operate.
But for effects and implications, are these similar to finding case facts about political factors? What's the difference between effects and implications? I believe most of the marks will be allocated in these two points?
Also, are we required to show workings for calculations done?
Hope to hear from you soon.
Best regards,
Kyle
Ask the Tutor ACCA SBL
Workings and Answers for P3
I: Political
D: Election coming up and govern,emt might change
E: New government might cut back spending
I: Less government provision of services might be an opportunity for private provision (or, if we supplied government, we could suffer).
Don' worry too much about spltting out effects and implications as these nearly overlap. The important thing is to trace through to what something means to your organisation.
Thanks for the advise Sir Ken! God bless!
Best regards,
Kyle
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