1.1 Explain the difference between an organisation and a business.
Introduction to Business
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Unit Title |
Introduction to Business |
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Unit Level |
Level 3 |
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Assessor |
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Date issued |
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Hand in Date |
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Unit Grading Structure |
Pass |
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Assessment Guidance |
To achieve this unit, learners must achieve the learning outcomes and meet the standards specified by all assessment criteria for the unit. |
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Learning Outcomes- The learner will: |
Assessment Criteria- The learner can: |
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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. |
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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. |
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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
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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
