Unit 7: Business Decision Making (International)

Learning Aim A: Examine the Business Principles and Practices That Determine Business decisions

BTEC Business Studies Unit 7: Business Decision Making

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Unit 7A Glossary
A1 Ideas and Objectives for Start Ups
A1 Ideas and Objectives for Developing Business
A1 Classification of Business Ideas and Objectives
A1 Criteria to Evaluate an Idea or Objective
A2 Aims and Objectives
A2 Influence of Aims and Objectives on Ownership
A2 Influence of Aims and Objectives on Location
A3 Human Resources and Business Decisions
A3 Physical Resources
A3 Financial Resources and Business Decisions
A3 Management Information Systems
A3 Quality Processes
A3 Legislation and Regulations
A4 Porter’s Five Forces Analysis
A4 5Cs Analysis
A4 Ansoff Matrix
A4 Boston Matrix
A4 Product Life Cycle
A4 Competitor Analysis
A4 The Marketing Plan

Learning Aim B: Review and Interpret Business Data and Information

BTEC Business Studies Unit 7: Business Decision Making

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B1 Primary Sources
B1 Secondary Sources
B1 Storage of Data
B1 Interpretation of Business Data
B2 Representative Values
B2 Quartiles, Percentiles and Correlation Coefficient
Unit 7B Glossary

Learning Aim C: Formulate Decisions and Solutions to Business Problems

BTEC Business Studies Unit 7: Business Decision Making

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C1 Cash Flow Forecasts
C1 Sales Forecasts
C2 Statement of Comprehensive Income
C2 Statement of Financial Position
C2 Profitability Ratios
C2 Liquidity Ratios
C2 Efficiency Ratios
C3 Break-Even Charts
C4 Investment Appraisal
Unit 7C Glossary

Learning Aim D: Prepare Business Documents to Present Business Decisions

BTEC Business Studies Unit 7: Business Decision Making

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D1 Classification of Business Risk
D1 SWOT Analysis
D1 STEEPLE Analysis
D1 Gannt Charts
D1 Critical Path Analysis
D2 Contingency Plans
D3 Use of IT Skills to Produce Business Documents
Unit 7D Glossary