undefined • Level 3 BTEC Business Extended Diploma

For P4, learners will describe the purpose and use of the trading, profit and loss account and balance sheet. They will also explain how gross profit and net profit are calculated by indicating the kinds of income and expenditure that are included. Learners will be presented with a trading and profit and loss account and a balance sheet for a business organisation, which should be set out using the vertical style. Learners will label the ‘cost of goods sold’ section and the ‘overheads’ s...

The unit enables learners to explore the various types of information used in business organisations which will develop their understanding as the unit progresses. By discussing the variety of communication media available and drawing on their work experience or part-time employment, learners will gain a broad introduction to the study of business communication and information. Learners can then expand these ideas to consider the purpose and variety of sources of information.

For P5, learners need to explain the legal and ethical issues relating to the use of business information. Learners can use the same business, organisation or any other organisation, especially if it is difficult to obtain the necessary information. Learners need to try and obtain the business organisation’s policies on ethical issues in relation to business information and explain how that organisation complies with their legal obligations. For P6, for the same or any other business organisat...

For P2, learners need to present information using three different methods. This could be a verbal presentation combined with a report on the information they obtained. The information could be a financial report from a business which the learner could manipulate into a spreadsheet or chart. Alternative methods could include a web page and a leaflet. Learners can then submit the information, indicating the nature of its intended audience and its likely purpose. For P4, learners will evaluate ex...

Explain different types of business information, their sources and purposes. Analyse different types of business information and their sources

P3 relates to marketing research, how and why it is conducted by organisations and how it used to understand its customers, competitors and market environment. This research might apply to an overseas market where a UK firm has a limited foothold. Learners could highlight tastes and preferences which may be less than fully understood, as highlighted in the research carried out into European chocolate-eating habits by the Rowntree chocolate company prior to its takeover by the Nestlé Corporation

For P1, learners should describe the concept and principles covered in learning outcome 1. In P2, the learners should describe how the concept of the principles of marketing and the marketing mix are applied to the marketing of two products in two organisations. Learners should include an awareness of the limitations and constraints on marketing within the context of their chosen organisations. These might apply to promotion or to ways in which research activity is seen to overreach certain boun...

For P5, learners should describe the implications for a selected business of European and global factors. Again, these will very between types of business and over time. However, some developments are long term. European requirements will continue to be incorporated in to UK legal and regulatory frameworks. Global warming will involve a continuing series of initiatives to reduce carbon emissions.

For P4, learners must examine fiscal and monetary policies in relation to a chosen business. This will involve analysing the possible impact of changes in the tax regime, as well as interest rate changes, on a selected business’s operations. The range of possibilities is extensive and will vary over time so care will be needed in identifying what is relevant at any one time.

For P3, learners should consider the impact of changes to government spending on a selected business at a local, national or European level. If government spending is declining, demand for a business’s products or services will fall. This will have predictable consequences on the revenues, profits and employment for both the individual business and the economy as a whole. Learners can also analyse the likely impact on a selected business organisation of a significant change in the level of pub...