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  2. PEARSON
  3. Btec Business Level 3 National Diploma
  4. Unit 1 - Exploring Business (UNIT1)

Unit 1 Exploring Business (Unit 1)

PEARSON (PEARSON)

Here are the best resources to pass Unit 1 Exploring Business (Unit 1). Find Unit 1 Exploring Business (Unit 1) study guides, notes, assignments, and much more.

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*NEW* Unit 1 Exploring Businesses P6: Explore how the market structure and influences on supply and demand affect the pricing and output decisions for a given business.

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    *NEW* Unit 1 Exploring Businesses P6: Explore how the market structure and influences on supply and demand affect the pricing and output decisions for a given business.

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  • *Certified High Graded Work* Learning Aim D: D1 Different market structures • Market structures: perfect competition, imperfect competition. • Features of different market structures: number of firms, freedom of entry, nature of product. D2 Relationship between demand, supply and price • Influences on demand, e.g. affordability, competition, availability of substitutes, level of Gross Domestic Product (GDP), needs and aspirations of consumers. • Influences on supply, e.g. availabili...
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*NEW* Unit 1 Exploring Businesses D2: Evaluate the extent to which the business environment affects a given business, using a variety of situational analysis techniques - *Distinction Graded*

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    *NEW* Unit 1 Exploring Businesses D2: Evaluate the extent to which the business environment affects a given business, using a variety of situational analysis techniques - *Distinction Graded*

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  • *Certified High Graded Work* Includes D2 Task: Evaluate the extent to which the business environment affects a given business, using a variety of situational analysis techniques.
  • farzoneKris
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*NEW* Unit 1 Exploring Businesses M3 assignment: .Assess the effects of the business environment on a given business.

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    *NEW* Unit 1 Exploring Businesses M3 assignment: .Assess the effects of the business environment on a given business.

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  • *Certified High Graded Work* Includes: Learning Aim C M3 Assess the effects of the business environment on a given business.
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*NEW* Unit 1 Exploring Businesses P5 Learning Aim C: Select a variety of techniques to undertake a situational analysis of a given business

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    *NEW* Unit 1 Exploring Businesses P5 Learning Aim C: Select a variety of techniques to undertake a situational analysis of a given business

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  • *Certified High Graded Work* C4 Situational analysis • Assessment of the business environment using various techniques, e.g. PESTLE (Political, Economic, Social, Technological, Legal, Environmental) analysis, SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis, 5Cs (Company, Competitors, Customers, Collaborators, Climate) analysis, Porter’s Five Forces.
  • farzoneKris
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*NEW* Exploring Businesses P4 Learning Aim C :Discuss the effect of internal, external and competitive environment on a given business

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    *NEW* Exploring Businesses P4 Learning Aim C :Discuss the effect of internal, external and competitive environment on a given business

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  • *Certified High Graded Work* C1 External environment • Political, e.g. government support, trading partners with other countries. • Economic, fiscal, monetary and other government policies, e.g. supply side policy, economic growth, exchange rates. • Social attitudes to saving, spending and debt; social responsibility requirements; change, e.g. to demographic trends, consumers’ tastes/preferences. • Technological change, e.g. automation, improved communications. • Environmental fact...
  • farzoneKris
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*NEW* Unit 1 Exploring D1: Evaluate the reasons for the success of two contrasting businesses, reflecting on evidence gathered * Distinction Graded*

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    *NEW* Unit 1 Exploring D1: Evaluate the reasons for the success of two contrasting businesses, reflecting on evidence gathered * Distinction Graded*

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  • *Certified High Graded Work* L. AB:.D1 Evaluate the reasons for the success of two contrasting businesses, reflecting on evidence gathered.
  • farzoneKris
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*NEW* Unit 1 Exploring Businesses Learning Aim A P3: Explore the organisation structures, aims and objectives of two contrasting businesses.

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    *NEW* Unit 1 Exploring Businesses Learning Aim A P3: Explore the organisation structures, aims and objectives of two contrasting businesses.

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  • *Certified Distinction Graded Work*: Includes - Learning aim B: Investigate how businesses are organised B1 Structure and organisation • Organisational structure, e.g. hierarchical, flat, matrix, holacratic. • Functional/operational areas, e.g. human resources, research and development, sales, marketing, purchasing, production and quality, finance, customer service, IT, administration. B2 Aims and objectives • Aims of businesses in different sectors – mission, vision and values: o pr...
  • farzoneKris
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*NEW* Unit 1 Exploring Businesses M2: Analyse how the structures of two contrasting businesses allow each to achieve its aims and objectives.

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    *NEW* Unit 1 Exploring Businesses M2: Analyse how the structures of two contrasting businesses allow each to achieve its aims and objectives.

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  • *Certified High Graded Work*: Analyse how the structures of two contrasting businesses allow each to achieve its aims and objectives.
  • farzoneKris
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*NEW* Exploring Businesses M1: Assess the relationship and communication with stakeholders of two contrasting businesses using independent research - *Distinction Graded*

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    *NEW* Exploring Businesses M1: Assess the relationship and communication with stakeholders of two contrasting businesses using independent research - *Distinction Graded*

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  • A3 Effective business communications Appropriate presentation and delivery of information to a given audience: • written presentations, e.g. financial, non-financial, formal and informal reports • oral presentations, e.g. computer projection/PowerPoint with speaker notes, video conferencing platforms • importance of communication to aid business success, e.g. social media, virtual communities.
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*NEW* Exploring Businesses Learning Aim A: P2 Explain how two contrasting businesses are influenced by stakeholders.

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    *NEW* Exploring Businesses Learning Aim A: P2 Explain how two contrasting businesses are influenced by stakeholders.

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  • A2 Stakeholders and their influence • Stakeholders: o internal, e.g. managers, employees, owners o external, e.g. suppliers, lenders, competitors, debtors, creditors, customers, government agencies and departments (local, national, international), communities (local, national, international), pressure groups, interest groups. • The influence of stakeholders on business success, e.g. shareholder value; customers as long-term assets (strong customer service enables customer loyalty and retent...
  • farzoneKris
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