Unit 7 BTEC Business ( Notes and structure for january 2024 EXAM ) the May resit, 2023 exam) Business Decision making. This report contains detailed information on how you would do your exam on the May resit, 2023 exam. Notes and guidance , what to include, structure, SWOT, PEST, ANSOFF MATRIX, BOS...
unit 7 business and decision making notes for exam
unit 7 btec business level 3 business and decision making
Written for
BTEC
PEARSON (PEARSON)
Business 2016 NQF
Unit 7 - Business Decision Making
All documents for this subject (37)
3
reviews
By: dharen2021 • 10 months ago
By: paslaruilaria • 10 months ago
By: martinandonov1 • 1 year ago
Seller
Follow
AngelaSteven
Reviews received
Content preview
UNIT 7 BTEC BUSINESS JANUARY EXAM 2023.
SPEND 2 HOURS FOR ACTIVITY 1 AND 1 HOUR FOR ACTIVITY 2
There is more likely to be an electric or retail market. The activity 1 will be 52 marks
and activity 2 will be 18 marks.
Introduction
I will be discussing two options and justify which option is better by making
recommendations and justifications for the options.
Current Market or Market Trends
(This what you need to gather information from the case study for example what are the
competitors, market trends, and how this is positive or negative for the specific person to
use.(will indicate in case study)
Financial information
This will be about market and business and both businesses.( gross profit, gross profit
margin, net profit and net profit margin should definitely be included in this option) you can
also add Return on Capital employed, Ratios analysis.
Net profit= Gross profit- expenses
Net profit margin= net profit / total revenue x 100
Gross Profit= Sales revenue x Cost of Goods sold
Gross profit Margin= Gross profit / revenue x 100
Return on Capital Employed = Net operating profit or earning before tax and interest / total
assets - current liabilities
SWOT Analysis
For option 1 and 2
Strengths
Look for any strengths such as increase in market share, reputation, brand image, or
competitive advantage, etc.
Weaknesses
You can add weaknesses as what factors would be disadvantageous such as failure to adapt
into a new market, or poor customer service .
Opportunities
In this sector you need to write what could be the possible perks or opportunities for
business to use for example franchising opportunity, marketing or entering into a new market
opportunity, growth opportunities.
Threats
These could be environmental/climate issues.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AngelaSteven. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $18.03. You're not tied to anything after your purchase.
