Students will initially work towards 18 units of study for Diploma Level. Three of the four compulsory units will be studied during the first term, with tutors assessing students competency at the end of the first term. The students may visit outside organisations to see Business concepts and skills in place.
Is it the same for individuals as it is for businesses? Slide 3 Costs and Budgets A business needs to manage their costs if they want to make a successful profit. By not managing costs a business can loose control of what they are spending and make little or no profit.
A business needs to; Keep within a budget Increase income to cope with change Make sure working capital is available Set aside money in case of emergencies Slide 4 Costs There are two main types of costs that need to be controlled; Fixed Costs Variable Costs Slide 5 Budgeting Budgeting can be difficult because it sets a guideline for how much a business thinks it will spend in the future.
Slide 6 Variance Analysis The Variance is the difference between the budget and what is actually spent.
If the result is better than expected it is known as favourable. Joe aims to spend 15 on a birthday present but actually spends 12, he has a favourable variance of 3. If the result is worse than expected it is known as adverse. Slide 7 P6- Illustrate use of budgets as a means of exercising financial control.
Describe the following for Emma and Johns Hair salon. Slide 8 Break Even Explain the difference between fixed and variable costs. Explain the calculations used in break even charts.
Research the benefits and limitations of break even Produce a break even chart for Headliners Hair Salon using their data. Slide 9 M4- Analyse why costs and budgets need to be controlled. Analyse the reasons why costs and budgets need to be controlled.
M4 why costsbudgets Slide 10 D3 Define what variances are favourable and adverse see this. Examine the problems of not monitoring a business budget and state why budgets need to be managed properly.
D3 see thiswhy budgets Think about the different aspects of the business and consider how they would each be affected if costs were out of control.Scenario for Tasks 3 and 4: You are the assistant to the head of Business at Sheffield Park Academy and you have been asked to find a new Business Studies teacher to join your growing department for this popular subject.
Oct 05, · My sixth form background included achieving triple D* in Level 3 BTEC Business, a B in A Level ICT and an A in EPQ. However I know students that managed to get into univeristy with just the BTEC Level 3 business. BTEC Business. BTEC Business. Overview. Unit 4: Business Communication – this unit covers how to effectively communicate with employees and how to motivate people.
The Sixth Form College, Solihull. Widney Manor Road, Solihull, West Midlands, B91 3WR. General Enquiries. The unit is designed to be taught using practical examples that may draw on learners’ own experiences of employment from their work placement or part-time jobs. Current examples of . Btec Business Unit 33 barnweddingvt.com Free Download Here Unit The Impact of Communications Technology on Business Student name P1 P2 P3 P4 P5 P6 P7 M1 M2 M3 M4 D1 D2 D3 Fred Bloggs DATE: UNIT RESULT: BTEC the Year 10 Assessment Calendar Edexcel BTEC Level 3 Nationals specification in Sport 1 Unit The Athlete’s Lifestyle Unit code: A// QCF Level 3: BTEC National Credit value: 10 Guided learning hours: 60 Aim and purpose The aim of this unit is for learners to develop an understanding of the lifestyle factors that can affect D2 justify the importance of.