unit 1 assignment 1 -guidance and help template for distinction

Assignment Guidance Sheet Unit 1 Assignment 1 – Exploring
Business.
Please use these guidelines to help you to complete
assignment 1 (Exploring Business) and hand it to teams.
P1 – Explain the features of 2 contrasting Businesses.
You need to discuss:
 2 different business e.g. Private Sector (profit making) &
voluntary sector (charity).
 Discuss their history, the products and services they
offer.
 Identify their business objectives (what they are trying
to achieve)
 Do they have a mission statement?
 Do they operate in the primary, secondary of tertiary
sector?
 Limited or unlimited liability.
P2 – Stakeholders and their influence.
You need to identify and discuss the different stateholders
for each business.
Generally they would include: (Employees (unions),
Shareholders, Customers, Management, The local
community, The Government, Suppliers, (Charity – Trustees)
You need to say how they influence the
business/organisation that you are discussing.
Ways to influence:
 Press and Publicity
 Raising money (charity)
 Voting at the AGM (Shareholders in a Company) vote on
pay for the Directors and also elect the board of
Directors.