You are introduced to the world of business and discover how to set up a small business. In addition you focus on enterprise, business types, employing people and how products are made.
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| Key Assessment 1 |
This unit introduces candidates to issues concerning the setting up and operation of a business. It explores the activities of business and the reasons for success or failure.
It encourages candidates to appreciate that businesses must operate within society and that this involves businesses engaging with a wide range of stakeholders who will hold differing perspectives.
This section provides an introduction to marketing within the context of a business with a limited budget.
Consideration is given to the role of information technology in marketing.
This section introduces the importance of finance to a business.
It investigates sources of finance and financial advice when setting up a small business.
Candidates will be introduced to basic financial terms and simple cash flow statements.
This section considers suitable ways by which businesses might recruit, motivate and retain staff.
This section considers the importance of operational decisions in managing a business.
It explores how operations management can help a business to be more effective, and the role technology can play in this process.