This unit is expiring
The expiry date of this unit is 31/07/2024.

Overview

Framework:
Access to HE
Level:
Level 3
Unit No:
QU018245
Credits:
3
Guided learning hours:
Not available

Qualification Grading Type

Graded

Grade Descriptors

  • GD2-Application of knowledge
  • GD7-Quality

Unit Learning Outcomes

1

Understand the nature of business.

Assessment Criteria

  • 1.1

    Analyse the size of business.

  • 1.2

    Explain how businesses create added value.

  • 1.3

    Explain how businesses benefit from specialisation.

  • 1.4

    Critically compare private, public and not for profit organisations.

  • 1.5

    Analyse the major forms of business ownership.


2

Understand business strategy.

Assessment Criteria

  • 2.1

    Explain the purpose and features of a SWOT analysis.

  • 2.2

    Evaluate the role of stakeholders in the creation of business strategy.

  • 2.3

    Analyse how mission and vision statements and corporate aims and objectives contribute to strategic planning.


3

Understand key aspects of organisation structure.

Assessment Criteria

  • 3.1

    Analyse the advantages and disadvantages of organisation charts.

  • 3.2

    Evaluate the features that influence organisation structure.