Unit 1 – Exploring Business

  • A.P1 Explain the features of two contrasting businesses
  • A.P2 Explain how two contrasting businesses are influenced by stakeholders
  • A.M1 Assess the relationship and communication with stakeholders of two contrasting businesses using independent research
  • B.P3 Explore the organisation structures, aims and objectives of two contrasting businesses
  • B.M2 Analyse how the structures of two contrasting businesses allow each to achieve its aims and objectives
  • AB.D1 Evaluate the reasons for the success of two contrasting businesses, reflecting on evidence gathered
  • C.P4 Discuss the effect of internal, external and competitive environment on a given business
  • C.P5 Select a variety of techniques to undertake a situational analysis of a given business
  • C.M3 Assess the effects of the business environment on a given business
  • C.D2 Evaluate the extent to which the business environment affects a given business, using a variety of situational analysis techniques
  • D.P6 Explore how the market structure and influences on supply and demand affect the pricing and output decisions for a given business
  • D.M4 Assess how a given business has responded to changes in the market
  • D.D3 Evaluate how changes in the market have impacted on a given business and how this business may react to future changes
  • E.P7 Explore how innovation and enterprise contribute to the success of a business
  • E.M5 Analyse how successful the use of innovation and enterprise has been for a given business
  • E.D4 Justify the use of innovation and enterprise for a business in relation to its changing market and environment