BTEC Level 2 First Business Unit 1 Enterprise

BTEC Level 2 First Business Unit 1: Enterprise in the Business World Introduction to unit Learning aim A

Unit 1: Enterprise in the Business World 1: Enterprise in the business world BTEC Level 2 First Business Unit 1: Enterprise in the business world Starting a business § People starting businesses need: • sources of information • information that is reliable and up to date. § What factors may influence business decisions? • Decisions made by government. • State of the economy (when people have less money, some industries suffer, e. g. leisure). • Regional resource issues (e. g. location, access to labour). § Factors influence particular groups (e. g. high unemployment amongst young people).

Unit 1: Enterprise in the Business World 1: Enterprise in the business world BTEC Level 2 First Business Unit 1: Enterprise in the business world Trends that affect business § Social, for example: • education • travel • population change. § Technology, for example: • web developments • telephony.

Unit 1: Enterprise in the Business World 1: Enterprise in the business world BTEC Level 2 First Business Unit 1: Enterprise in the business world Trends that affect business § Environmental: • recycling • sustainability • legislation. § Ethical • concerns of potential customers, e. g. – child labour – animal welfare – community.

Unit 1: Enterprise in the Business World 1: Enterprise in the business world BTEC Level 2 First Business Unit 1: Enterprise in the business world Types of business § Terminology that defines business size and type: • Micro business • SMEs • Large business • Start-ups and existing businesses

Unit 1: Enterprise in the Business World 1: Enterprise in the business world BTEC Level 2 First Business Unit 1: Enterprise in the business world Learning aim A – assessment § You will show that you can identify factors that impact on a start-up business. § You will show that you can identify trends that impact on a start-up business. § You will compare how two trends have impacted on a start-up business. § Assess the current risks, opportunities and trends in the business environment for a start-up business.