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cambridge technicals (level 3)

unit 1:the business environment

1. Understand different types of businesses and their objectives

1.1 Different types of business activity (FREE)

1.2 Different sectors of operation

1.3 Different forms of legal business ownership

1.4 Factors which inform business ownership

1.5 Differing business aims and objectives

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2. Understand how the functional areas of businesses work together to support the activities of businesses

2.1 Key tasks of functional areas of business

2.2 How business functions interrelate

3. Understand the effect of different organisational structures on how businesses operate

3.1 Different organisational structures

3.2 Elements of organisational structures

3.3 Organisational structure impact

3.4 The use of organisational charts

4. Be able to use financial information to check the financial health of businesses

4.1 What is meant by terms

4.2 How to calculate

4.3 How to interpret financial statements

5. Understand the relationship between businesses and stakeholders

5.1 Who the main stakeholders are

5.2 How stakeholders alter business behaviour

5.3 Conflicting objectives of stakeholders

5.4 Consequences not listening to stakeholders

6. Understand the external influences and constraints on businesses and how businesses could respond

6.1

6.2

6.3

7. Understand why businesses plan

7.1

7.2

7.3

8. Be able to assess the performance of businesses to inform future business activities

8.1

8.2

8.3

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