BTEC FIRST IN BUSINESS UNIT 1 – EXPLORING KEY BUSINESS PRESSURES In this assignment you will be given the opportunity to learn about the nature of business, their activities, ownership and activities. This assignment will give learners the opportunity to gain an understanding of: • Learning Outcome 1 – Understand the nature of business and ownership • Learning Outcome 2 – Understand the classification of business activities • Learning Outcome 3 – Understand business aims & objectives in different sectors • Learning Outcome 4 – Know the main functional areas that support business organisations You have got a job working in the business advisory service of the county council. As part of your job you have to produce materials to explain various aspects of the business world to students and people thinking of starting their own business. These tasks should reflect what would be required for such a job and should be set out with this in mind. TASK 1 Select, using the selection grid supplied and then describe four different types of business organisation in terms of their purpose, ownership, size and scale. Each business you investigate has to be a different type (e.g. sole trader, partnership, limited company), your selection should also cover a variety of different sized businesses (e.g. small, large) and scales (local, regional) in the range. (P1) TASK 2 Produce a spider diagram that includes pictures and text that gives an overview of the businesses you are going to explore in this assignment. Comment on what they do, the type of business, their size, location, who their customers are, and their key business activity. (P1) TASK 3 You have been asked by a business advisory service to prepare a poster explaining what is meant by the terms: Primary, Secondary and Tertiary Sectors of Business. • Produce a three column display poster, with columns labelled “Primary”, “Secondary” and “Tertiary”. At the top of each column write a clear explanation of what each sector means. • Within each column, provide examples of three business organisations in that sector. At least one of your examples should be from the Kent or the South East of England. (P2) TASK 4 Develop Task 3 by explaining what has happened within the three sectors of industry, in the UK in recent years. Prepare a leaflet (you can use Microsoft Word or Publisher) that explains areas of growth and decline in the primary, secondary and tertiary sectors. Your leaflet should highlight the growth and decline in each separate sector. (M2) TASK 5 This task is to explain why each business exists and what businesses set out to do. These are referred to as the aims and objectives of a business. Using the internet or the Times 100 case studies, investigate two private sector businesses and see if you can find out their aim(s) and any specific objectives. Produce a power point presentation to demonstrate your findings. It should include: • Explanation of what is meant by the term “Aims and Objectives.” • An explanation of the difference between short and long term objectives. • Details about businesses you have chosen. • Their aims & objectives (you could divide these into short and long term). • The purpose, this should provide a clear explanation of the purpose these businesses have in setting aims and objectives. (P3) TASK 6 This is where you explain why businesses are divided into various departments, or functional areas, and how businesses you have examined are divided into various areas of responsibility. In this task you are to continue exploring the businesses you investigated in task 5. Explain what functional areas are and then describe the functional areas and their main purposes within the business organisations you are investigating. Hand Hint: Why not complete this task by dividing a sheet of A3 paper in half (one for each business) with each side having the title “Functions in ?” and then list each function below the title with a description of their main purposes. (P4) TASK 7 As a development of what you prepared for Task 1 you are require to compare and contrast in detail the ownership, aims and objective of two of the businesses you have used as examples. Take two sets of aims and objectives for one of the businesses (from task 5 & 6) and set out some organised notes to explain how the separate functional areas in the business will need to work together to achieve these objectives. (M1) TASK 8 Using the businesses selected in task 6, 7 & 8, you are required to offer an evaluation of how the functional areas contribute to the aims and objectives of those organisations. (D1) Grading Grid In order to pass this unit, the evidence that the learner presents for assessment needs to demonstrate that they can meet all of the learning outcomes for the unit. The criteria for a pass grade describe the level of achievement required to pass this unit. Grading Criteria To achieve a pass grade the evidence must show that the learner is able to: P1. describe four different types of business organisations in terms of purpose, ownership, size and scale P2. describe the primary, secondary and tertiary classifications of business activities using local and national examples P3. describe the purpose of setting aims and objectives for businesses P4. describe the functional areas and their main purposes within business organisations. To achieve a merit grade the evidence must show that, in addition to the pass criteria, the learner is able to: M1. compare and contrast the ownership, aims and objectives of two selected businesses M2. explain areas of growth or decline in the primary, secondary and tertiary classifications of business activities M3. explain the interaction of functional areas and how they relate to each other in two selected businesses. To achieve a distinction grade the evidence must show that, in addition to the pass and merit criteria, the learner is able to: D1. evaluate how the functional areas contribute to the aims and objectives of the two selected businesses.
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