Unit 6: Business Decision Making

BTEC Level 3 Enterprise and Entrepreneurship

Learning Aim A: Business plans

BTEC Enterprise and Entrepreneurship. Unit 6: Business Decision Making

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6A Glossary
A2 Evaluation of Business Ideas
A2 Location of the Business
A2 Organisational Structure
A2 Business Ownership
A2 Aims and Objectives
A1 Ideas for ‘Start-up’ Business
A1 Ideas for ‘Developing’ Business

Learning Aim B: Decision making in business

BTEC Enterprise and Entrepreneurship. Unit 6: Business Decision Making

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

C: Use of research to justify the marketing of a business

BTEC Enterprise and Entrepreneurship. Unit 6: Business Decision Making

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C4 Segmentation
C4 Product in the Marketing Mix
C1 Primary Research

Learning Aim D: Efficient operational management of the business

BTEC Enterprise and Entrepreneurship. Unit 6: Business Decision Making

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D1 Quality Issues
D1 Legislation

Learning Aim E: Understand the importance of managing resources

BTEC Enterprise and Entrepreneurship. Unit 6: Business Decision Making

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E3 Sources of Finance
E2 Physical Resources
E3 Start-Up and Running Costs
E1 Human Resources

Learning Aim F Creation and interpretation of financial forecasts

BTEC Enterprise and Entrepreneurship. Unit 6: Business Decision Making

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

Learning Aim G Viability of a business

BTEC Enterprise and Entrepreneurship. Unit 6: Business Decision Making

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G3 Contingency Plans
G2 SWOT Analysis
G2 PESTLE Analysis
G1 Performance Ratios
G1 Profitability Ratios
G1 Liquidity Ratios

Learning Aim H Demonstrate business skills/IT skills

BTEC Enterprise and Entrepreneurship. Unit 6: Business Decision Making

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Formal Business Reports
H1 Consideration of Risk