Overview
Qualification Grading Type
Graded
Grade Descriptors
- GD2-Application of knowledge
- GD7-Quality
This unit is expiring
The expiry date of this unit is 31/07/2024.
Graded
Understand the nature of business.
Analyse the size of business.
Explain how businesses create added value.
Explain how businesses benefit from specialisation.
Critically compare private, public and not for profit organisations.
Analyse the major forms of business ownership.
Understand business strategy.
Explain the purpose and features of a SWOT analysis.
Evaluate the role of stakeholders in the creation of business strategy.
Analyse how mission and vision statements and corporate aims and objectives contribute to strategic planning.
Understand key aspects of organisation structure.
Analyse the advantages and disadvantages of organisation charts.
Evaluate the features that influence organisation structure.