The aim of the course is to enable students to develop an understanding of the way businesses operate in a changing, competitive and dynamic environment. The course provides an understanding of the theory and practice of existing businesses and reflects the interdependent nature of businesses.

Unit 1 - INTRODUCTION TO THE BUSINESS WORLD – in this unit, you will study the fundamentals of business. You will explore the purpose of business activity and the nature of business enterprises, understanding the different types of business ownership and aims. Additionally, you will learn about markets and business sectors, and the importance of the consumer. You will calculate costs and revenue to make business decisions.

Unit 2 - KEY BUSINESS CONSIDERATIONS - in this unit, you will undertake research on a chosen business in your locality and to use your research findings to produce a report.

Unit 3 - BUSINESS STRATEGIES FOR SUCCESS – in this unit you will explore the key business functions of finance, marketing, human resources, and production. Additionally, you will study strategies for business growth and understand how businesses are affected by political, legal, and economic external factors.

Unit 4 - BUSINESS CREATION – in this unit, you will develop enterprise skills. You will carry out primary and secondary market research to collect information for an entrepreneurial opportunity you have identified. You will produce a report that covers key aspects of your business proposal.

Unit 1: Introduction to the Business World Written examination: 1 hour 15 minutes (30% of qualification)

Unit 2: Key Business Considerations Non-examination assessment: 5 hours (15% of qualification)

Unit 3: Business Strategies for Success Written examination: 1 hour 15 minutes (30% of qualification)

Unit 4: Business Creation Non-examination assessment: 8 hours (25% of qualification)

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