Assignment Briefs 09-17-2022

1.1 Explain the difference between an organisation and a business.

Introduction to Business

Unit Title

Introduction to Business

 

 

Unit Level

Level 3

Assessor

 

Date issued

 

Hand in Date

 

Unit Grading Structure

Pass

Assessment Guidance

To achieve this unit, learners must achieve the learning outcomes and meet the standards specified by all assessment criteria for the unit.

 

Learning Outcomes- The learner will:

Assessment Criteria- The learner can:

1. Understand the structure and classification of businesses.

1.1  Explain the difference between an organisation and a business.

1.2  Explain the legal requirements affecting the structure of businesses.

1.3  Explore the different formation options for a business.

1.4  Describe how the legal structure of businesses varies across public, private and voluntary sector.

2. Understand the aims and characteristics of business types.

2.1  Describe how businesses are organised in terms of purpose and objectives.

2.2  Explain the expectations of different stakeholder groups in businesses.

2.3  Describe the relationship between organisational structure and function.

3. Understand the inter-relationships between organisations.

3.1  Explain the impact of the internal business environment.

3.2  Describe the macro-environmental influences affecting upon businesses.

3.3  Explain how internal and external factors interrelate and impact on business decision making.

Scenario

For the purpose of this assignment, you are employed at BFC PLC as the Business Administration Apprenticeship Co-ordinator.

The company has a large number of apprentices working with them at any one time. The company provides a comprehensive study programme and you are required to prepare resources for the study programme.

Task 1 – Report (ACs 1.1, 1.2, 1.3 & 1.4)

Instructions

You are required to make a report that the apprentices can use as reference material. The report must include:

  • An explanation of the difference between an organisation and a business.
  • An explanation of the legal requirements affecting the structure of businesses.
  • An exploration of the different formation options for a business.
  • A description of how the legal structure of businesses varies across public, private and voluntary sector.
  • 1.1  Explain the difference between an organisation and a business.

Submission

  • Report

Task 2 – Revision cards (ACs 2.1, 2.2, 2.3, 3.1, 3.2 & 3.3)

Instructions

In preparation for the apprentice’s assessment, prepare a set of revision cards that can be  reproduced for each of the apprentices. 1.1  Explain the difference between an organisation and a business.

The revision cards must include:

  • A description of how businesses are organised in terms of purpose and objectives.
  • An explanation of the expectations of different stakeholder groups in businesses.
  • A description of the relationship between organisational structure and function.
  • An explanation of the impact of the internal business environment.
  • A description of the macro-environmental influences affecting upon businesses.
  • An explanation of how internal and external factors interrelate and impact on business decision making.

Submission

  • Report
  • 1 x set of word-processed revision cards
  • Indicative word count 2500
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