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Btec Business Unit 7 Exam notes 2024 £7.49
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  2.  
  3. PEARSON (PEARSON)
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  5. Business 2016 NQF
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  7. Unit 7 - Business Decision Making

Exam (elaborations)

Btec Business Unit 7 Exam notes 2024

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Btec Business Unit 7 Exam Structure 2024 (Business Decision Making). This document includes all the guidance you need for your exam 2023 . this document will prepare for your exam on unit 7 BTEC BUSINESS.

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Document information

  • January 18, 2023
  • 2
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • unit 7 busine
  • unit 7 btec business exam revision notes
  • notes on btec business unit 7
  • unit 7 business decision making exam notes
  • btec business exam on 19th january 2023 notes
  • unit 7 btec business resit

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If the Case study is on Building a new factory and the business decides to increase
the size of the new factory then THE
PROJECT TRIANGLE would be good to use.

● The business would need additional
resources (Cost)
● the completion time will need to be
extended (time).
● Software generated management
information will help the business to
“model” the impact of changes in each
element of the “project triangle

The project management involves three
elements.

● The scope of the project– the outcome
● The cost of the project–the budget
● The time involved– the completion date

All three elements of the project will impact upon the overall quality of the final
project outcome.

Competitor Analysis
If the industry in the retail market is as we recommend , if Angela has to introduce
new products and services, then she will need to carry out a competitor analysis to
identify her potential competitors, their strengths, and their weaknesses.

Retail market competitors

● department stores,
● discounters
● home furnishing stores
● specialty retailers
● wholesale clubs
● direct-to-consumer businesses
● forms of retail commerce

If a client wants advice on;

● Open a new retail outlet as a corner shop
● Buy a retail outlet from existing owner

Write about what are the strengths and weaknesses for option 1 & 2 and

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