Learning outcomes
- Understand the risk and rewards of entrepreneurship
- Know the range of different businesses and their ownership
- Understand the importance of market research
- Know how to calculate and interpret profit and break-even information.
Introduction to Business
Understand business theory and concepts
Able to apply theory and concepts to different types of businesses
Able to analyse the implications for businesses
Able to offer an opinion or make a judgement
Assignment Purpose:
For learners to demonstrate their understanding of introductory business concepts
Assignment Instructions:
Individually choose a company /person and answer one of the following questions:
1. To what extent do risk, rewards and motives contribute towards an entrepreneurs goals?
2. Analyse how effective a change of ownership has been for your chosen businesses performance.
3. Critically evaluate your businesses approach to the use of primary and secondary research.