Unit 1: Exploring Business (UK)

Learning Aim A: Explore the Features of Different Business Organisations and What Makes them Successful

BTEC Business Studies Unit 1: Exploring Business

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A1 Limited and Unlimited Liability
A1 Business Ownership
A1 Private Sector Ownership
A1 Sole Trader Case Study
A1 Partnership Case Study
A1 Public Sector Ownership
A1 Not-for-Profit Ownership
A1 Business Purpose
A1 Scope of Business
A1 Business Size
A1 Reasons for Business Success
A2 Stakeholders
A2 Internal Stakeholders
A2 External Stakeholders
A2 Stakeholder Case Study
A3 The Importance of Communication to Aid Business Success
A3 Written Presentations
A3 Oral Presentations
Glossary

Learning Aim B: Investigate How Businesses are Organised

BTEC Business Studies Unit 1: Exploring Business

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B1 Hierarchical Organisational Structures
B1 Flat Organisational Structures
B1 Matrix Organisational Structures
B1 Holacratic Organisational Structures
B1 Functional Areas
B2 Aims and Objectives
Glossary

Learning Aim C: Examine the Environment in Which Business Organisations Operate

BTEC Business Studies Unit 1: Exploring Business

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C1 The External Environment
C1 Political Factors
C1 Economic Factors
C1 Social Factors
C1 Technological Change
C1 The Legal Environment
C1 Ethical Factors
C2 Corporate Culture
C2 CSR and Ethics
C3 Competition
C3 Benefits and Importance of Competitive Advantage
C4 PESTEL Analysis
C4 STEEPLE Analysis for Nespresso
C4 SWOT Analysis
C4 Five Cs (5Cs) Analysis
C4 Porter’s Five Forces
C4 SWOT Sports Direct
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Learning Aim D: Examine Business Markets

BTEC Business Studies Unit 1: Exploring Business

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D1 Market Structures
D2 Influences on Demand
D2 Influences on Supply
D2 Price Elasticity of Demand
D3 Pricing and Output Decisions
Glossary

Learning Aim E: Investigate the Role and Contribution of Innovation and Enterprise to Business Success

BTEC Business Studies Unit 1: Exploring Business

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E1 Innovation and Enterprise
E2 Benefits and Risks Associated with Innovation and Enterprise
Glossary