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1 explain the characteristics of different business markets

01 / 10 / 2021 Assignment

This paper circulates around the core theme of 1 explain the characteristics of different business markets together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

Outcome 1 Understand business markets

The learner can:

1 explain the characteristics of different business markets

2 explain the nature of interactions between businesses within a market

3 explain how an organisation’s goals may be shaped by the market which it operates

4 describe the legal obligations of a business

Outcome 2 Understand business innovation and growth

The learner can:

1 define business innovation

2 explain the uses of models of business innovation

3 identify sources of support and guidance for business innovation

4 explain the process of product or service development

5 explain the benefits, risks and implications associated with innovation

Outcome 3 Understand financial management

The learner can:

1 explain the importance of financial viability for an organisation

2 explain the consequences of poor financial management

3 explain different financial terminology

Outcome 4 Understand business budgeting

The learner can:

1 explain the uses of a budget

2 explain how to manage a budget

Outcome 5 Understand sales and marketing

The learner can:

1 explain the principles of marketing

2 explain a sales process

3 explain the features and uses of market research

4 explain the value of a brand to an organisation

5 explain the relationship between sales and marketing

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