Unit Award Scheme

105400 BUSINESS PLANNING SKILLS

In successfully completing this unit, the Learner will have		Evidence needed
demonstrated the ability to
1	define the nine constituent parts of a business plan	Student completed work
2	suggest three reasons a business plan might fail	Student completed work
3	suggest one reason why they need to conduct market research as part of a business plan	Student completed work
4	suggest an advantage and disadvantage for each of three different methods of market research	Student completed work
5	define quantitative and qualitative data and give an example of each	Student completed work
6	define primary and secondary data and give an example of each	Student completed work
7	suggest an advantage and disadvantage for each of three different methods of marketing	Student completed work
8	suggest three different risks a business might face	Student completed work
9	complete a risk assessment for a food business	Student completed work
10	define what is meant by a contingency plan	Student completed work
11	define fixed, variable, capital, unit and total cost, revenue, cash flow, profit, loss, overdraft and asset	Student completed work
12	suggest five different costs involved in running a food business	Student completed work
13	suggest three ways a new business might forecast cash flow	Student completed work
14	suggest three ways a new business can raise finance	Student completed work
acquired an understanding of
15	what a business plan is and why a new business needs to develop one	Student completed work
16	the need for a Unique Selling Point in a successful business plan	Student completed work
17	at least three considerations when designing a business	Student completed work
18	what is meant by Value Added Tax and its relevance for a food business.	Student completed work

All outcomes recorded on an AQA Summary Sheet

Approved 22 December 2016Level - Level Two