Unit 1 Exploring Business (Unit 1)

business level 3- unit 1 exploring business- assignment 1

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13 pages

Written in 2023/2024

skb16

Pearson BTEC Level 3 Unit 1 (Exploring Business) Assignment 1 & Assignment 2. Both are to DISTINCTION* LEVEL

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2 items

eshaxox

Investigate McDonald's advantages, disadvantages, opportunities, threats, and any other elements that might have an impact on the business the environment. Completed all the criterias to a Distinction* Level: P4: Discuss the internal, external and competitive environment on a given organisation. P5: Select a variety of techniques to undertake a situational analysis of a given organisation. P6: Explore how the market structure and influences on supply and demand affect the pricing and output d...

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18 pages

Written in 2022/2023

Grade A+

eshaxox

This assignment is for Unit 1 Exploring Business Assignment 1. This report will evaluate the features contributing to the success of two contrasting businesses. These being Nike, a business that operates in the private sector, and the British Heart Foundation, a not-for-profit organisation. Covers the following criterias to a D* Level: P1: Explain the features of two contrasting businesses P2: Explain how two contrasting business are influenced by stakeholders P3: Explore the organisation st...

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31 pages

Written in 2022/2023

Grade A+

eshaxox

Received distinction. Message for any help. The document has everything from pass criteria to distinction covering sainsburys and the NHS.

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46 pages

Written in 2023/2024

navk1801

*Distinction Graded* Learning Aim E: D4 Justify the use of innovation and enterprise for a business in relation to its changing market and environment.

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11 pages

Written in 2022/2023

Grade A+

farzoneKris

*Certified High Graded Work* Learning Aim E: M5 Analyse how successful the use of innovation and enterprise has been for a given business.

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6 pages

Written in 2022/2023

Grade A+

farzoneKris

*Certified High Graded Work* Learning Aim E P7: Role of innovation and enterprise • Innovation, e.g. creative process, product or service development, new ways of increasing business efficiency or improving profitability, successfully exploiting a new idea, adding value to products, services or markets to differentiate the business from the competitors. • Enterprise: identifying opportunities to develop business activities through, e.g. creative, lateral (approaching subjects from alterna...

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8 pages

Written in 2022/2023

Grade A+

farzoneKris

*Distinction Graded* Learning Aim D: D3 Evaluate how changes in the market have impacted on a given business and how this business may react to future changes.

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6 pages

Written in 2022/2023

Grade A+

farzoneKris

*Certified High Graded Work* Unit 1 Learning Aim D.M4 Assess how a given business has responded to changes in the market.

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3 pages

Written in 2022/2023

Grade A+

farzoneKris

*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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20 pages

Written in 2022/2023

Grade A+

farzoneKris

*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.

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8 pages

Written in 2022/2023

Grade A+

farzoneKris

*Certified High Graded Work* Includes: Learning Aim C M3 Assess the effects of the business environment on a given business.

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3 pages

Written in 2022/2023

Grade A+

farzoneKris

*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.

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16 pages

Written in 2022/2023

Grade A+

farzoneKris

*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...

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23 pages

Written in 2022/2023

Grade A+

farzoneKris

*Certified High Graded Work* L. AB:.D1 Evaluate the reasons for the success of two contrasting businesses, reflecting on evidence gathered.

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5 pages

Written in 2022/2023

Grade A+

farzoneKris

*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...

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25 pages

Written in 2022/2023

Grade A+

farzoneKris

*Certified High Graded Work*: Analyse how the structures of two contrasting businesses allow each to achieve its aims and objectives.

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4 pages

Written in 2022/2023

Grade A+

farzoneKris

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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5 pages

Written in 2022/2023

Grade A+

farzoneKris

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...

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6 pages

Written in 2022/2023

Grade A+

farzoneKris