BTEC Level 3 Business Studies. Unit 7: Business Decision Making

Business skills - Financial management, marketing, problem solving, networking, communication, negotiation etc

Executive summary - A concise overview of the key points of a longer document, such as a report.

Financial risk - The likelihood of a company losing money as a result of decisions made.

Financial software packages - Computer programmes to help businesses track, analyse and manage their revenues and expenditure.

Formal business report - Documents used to convey information in a professional manner.

IT skills - The ability to effectively make use of hardware and software available to perform business activities.

Legal risk - The threat of legal action as a result of business activity.

Presentation software - Computer programmes that create visuals to accompany a speech or presentation.

Reputational risk - The likelihood that an activity could fail to meet stakeholder expectations.

Back to unit 7 home