Unit 7: Business Decision Making (UK)

Learning Aim A: Business Plans

BTEC Business Studies Unit 7: Business Decision Making

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A1 Ideas for ‘Start-up’ Business
A1 Ideas for ‘Developing’ Business
A2 Aims and Objectives
A2 Business Ownership
A2 Organisational Structure
A2 Location of the Business
A2 Evaluation of Business Ideas
Unit 7A Glossary

Learning Aim B: Decision Making in Business

BTEC Business Studies Unit 7: Business Decision Making

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Unit 7B Glossary
B1 Primary Sources
B1 Secondary Sources
B1 Storage and Analysis of Data
B2 Porter’s Five Forces Model
B2 5Cs Analysis
B2 Ansoff Matrix
B2 Boston Matrix
B3 Techniques to Analyse Data
B4 Formats for Decision Making
B5 Management Information Systems
B5 Critical Path Analysis
B5 Gannt Charts
B5 Investment Appraisal

Learning Aim C: Use of Research to Justify the Marketing of a Business

BTEC Business Studies Unit 7: Business Decision Making

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Unit 7C Glossary
C1 Primary Research
C1 Secondary Research
C2 Competitor Analysis
C3 Trends
C4 Product in the Marketing Mix
C4 Price in the Marketing Mix
C4 Promotion in the Marketing Mix
C4 Place in the Marketing Mix
C4 People, Processes and Physical Environment
C4 The Target Market
C4 Segmentation

Learning Aim D: Efficient Operational Management of the Business

BTEC Business Studies Unit 7: Business Decision Making

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Unit 7D Glossary
D2 Legislation
D2 Quality Issues

Learning Aim: E Understand the Importance of Managing Resources

BTEC Business Studies Unit 7: Business Decision Making

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E3 Start-up and Running Costs
Unit 7E Glossary
E1 Human Resources
E2 Physical Resources
E3 Sources of Finance

Learning Aim F: Creation and Interpretation of Financial Forecasts

BTEC Business Studies Unit 7: Business Decision Making

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Glossary
F2 Cash Flow Forecasts
F3 Break-Even Charts
F4 Income Statements
F5 Statements of Financial Position

Learning Aim G: Viability of a Business

BTEC Business Studies Unit 7: Business Decision Making

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Unit 7H Glossary
G1 Liquidity Ratios
G1 Profitability Ratios
G1 Performance Ratios
G2 SWOT Analysis
G2 PESTLE Analysis
G3 Contingency Plans

Learning Aim H: Demonstrate Business Skills/IT Skills

BTEC Business Studies Unit 7: Business Decision Making

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Formal Business Reports
Unit 7H Glossary
H1 Consideration of Risk