Unit 7: Business Decision Making (UK)

Learning Aim A: Business Plans

BTEC Business Studies Unit 7: Business Decision Making

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Ideas for ‘Start-up’ Business (Unit 7)
Ideas for ‘Developing’ Business (Unit 7)
Aims and Objectives (Unit 7)
Business Ownership (Unit 7)
Organisational Structure (Unit 7)
Location of the Business (Unit 7)
Evaluation of Business Ideas (Unit 7)
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
Primary Sources (Unit 7)
Secondary Sources (Unit 7)
Storage and Analysis of Data (Unit 7)
Porter’s Five Forces Model (Unit 7)
5Cs Analysis (Unit 7)
Ansoff Matrix (Unit 7)
Boston Matrix (Unit 7)
Techniques to Analyse Data (Unit 7)
Formats for Decision Making (Unit 7)
Management Information Systems (Unit 7)
Critical Path Analysis (Unit 7)
Gannt Charts (Unit 7)
Investment Appraisal (Unit 7)

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
Legislation (Unit 7)
Quality Issues (Unit 7)

Learning Aim: E Understand the Importance of Managing Resources

BTEC Business Studies Unit 7: Business Decision Making

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Start-up and Running Costs (Unit 7)
Unit 7E Glossary
Human Resources (Unit 7)
Physical Resources (Unit 7)
Sources of Finance (Unit 7)

Learning Aim F: Creation and Interpretation of Financial Forecasts

BTEC Business Studies Unit 7: Business Decision Making

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Glossary
Cash Flow Forecasts (Unit 7)
Break-Even Charts (Unit 7)
Income Statements (Unit 7)
Statements of Financial Position (Unit 7)

Learning Aim G: Viability of a Business

BTEC Business Studies Unit 7: Business Decision Making

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Unit 7H Glossary
Liquidity Ratios (Unit 7)
Profitability Ratios (Unit 7)
Performance Ratios (Unit 7)
SWOT Analysis (Unit 7)
PESTLE Analysis (Unit 7)
Contingency Plans (Unit 7)

Learning Aim H: Demonstrate Business Skills/IT Skills

BTEC Business Studies Unit 7: Business Decision Making

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Sample Report for Saku Education (June 2022)
Formal Business Reports
Unit 7H Glossary
H1 Consideration of Risk