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1.1 Explain the characteristics of different business markets

05 / 03 / 2018 Assignment

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 £ 79. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

You must be able to:

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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