View Unit : Understanding the business environment

Unit

Unit Reference Number

F/600/7799

Qualification Framework

QCF

Title

Understanding the business environment

Unit Level

Level 2

Unit Sub Level

None

Guided Learning Hours

Unit Credit Value

Date of Withdrawal

SSAs

14.1 Foundations For Learning and Life, 14.2 Preparation for Work

Unit Grading Structure

Pass

Assessment Guidance

N/A

Learning Outcomes and Assessment Criteria

Learning Outcome - The learner will:		Assessment Criterion - The learner can:
1	Understand that there are different types of business	1.1	Define the private sector and give examples of types of private sector businesses
		1.2	Define the public sector and give examples of public sector organisations
		1.3	Define the voluntary sector and give examples of voluntary sector organisations
		1.4	Explain the possible advantages and disadvantages of working in one of the following sectors: private, public or voluntary
2	Understand how businesses function	2.1	Describe the following business functions: • Operations • People • Information • Research and development • Finance
2	Understand how businesses function	2.2	Compare the possible advantages and disadvantages of working for a national organisation and a Small and Medium-sized Enterprise (SME)
3	Understand changing patterns of employment	3.1	Outline some of the changes in patterns of employment locally
		3.2	Outline some of the changes in patterns of employment nationally
		3.3	Outline some of the changes in patterns of employment in Europe and globally
		3.4	Describe how changing patterns of employment may affect his/her choices for learning or work
4	Understand how business activity is affected by market forces	4.1	Explain the relationship between supply and demand in the business environment
		4.2	Describe the relationship between price and profit
		4.3	Identify the connections between markets and competition

Equivalent Units

There are no equivalences to display.