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1.1. Explain the characteristics of different business markets

01 / 10 / 2021 Assignments Brief

This paper circulates around the core theme of 1.1. 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.

Learning Outcome

Assessment Criteria 

1. Understand business markets 1.1. Explain the characteristics of

different business markets


1.2. Explain the nature of interactions

between businesses within a

market


1.3. Explain how an organisation’s

goals may be shaped by the

market in which it operates


1.4. Describe the legal obligations of a

business


2. Understand business

innovation and growth


2.1. Define business innovation


2.2. Explain the uses of models of

business innovation


2.3. Identify sources of support and

guidance for business innovation


2.4. Explain the process of product or

service development


2.5. Explain the benefits, risks and

implications associated with

innovation


3. Understand financial

management


3.1. Explain the importance of

financial viability for an

organisation


3.2. Explain the consequences of

poor financial management


3.3. Explain different financial

terminology


4. Understand business

budgeting


4.1. Explain the uses of a budget


4.2. Explain how to manage a budget


5. Understand sales and

marketing


5.1. Explain the principles of

marketing


5.2. Explain a sales process


5.3. Explain the features and uses of

market research


5.4. Explain the value of a brand to an

organisation


5.5. Explain the relationship between

sales and marketing



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