BTec Business Level 3 – Bridging Material Introduction During your BTec Business Level 3 you will work towards a 90 credit qualification or if you elect to study double business you will work towards a 120 credit qualification. To achieve the 90 credit qualification you will study 9 units and in the 120 credit you will study 12 units. The assignments that you submit will be written reports; creating business documents and providing business presentations across a range of business areas. The awards are Pass, Merit, and Distinction for each unit and an overall award which can be converted to UCAS points. BTec Business has four compulsory units and a range of elected units to make up your qualification. Units for single business are shown in the schematic below •Recruitment and Selection Unit 13 Human Resources Unit 16 (and U2) •Retailing Unit 29 Communications Unit 4 Economy Business Environment Unit 1 Marketing Unit 3 Resources Unit 2 •Product Promotion Unit 9 •Finance Unit 2 and Unit 5 The four units at the centre are the compulsory units (Unit 1 to 4), the elected units relate to the core units. In double business you will also study: Unit 18: Managing a Business Event Unit 34: Website Design Strategy Unit 36: Starting a Small Business This bridging material will help your to prepare for your BTec Business course. BTec Business Level 3 – Bridging Material Unit 1 Business Environment 1. What is the current rate of inflation? Also find out on which date the monthly inflation information is published and by whom? 2. What is the current Bank of England base rate? Also find out when this rate is updated and who decides if the rate changes. 3. If a business was to get a loan from a bank, what would be the interest rate on that loan? 4. What is the current rate of unemployment in the UK has the rate of unemployment increased or decreased this year? Unit 2 Business Resources Use Tesco and Costa to do your business investigation 5. What are the main resources used by these two businesses? 6. Are these businesses currently opening at new locations or are they closing locations? BTec Business Level 3 – Bridging Material 7. Are these businesses profitable? Use the internet to find the Statement of Income (Profit and Loss Account) and Statement of Financial Position (Balance Sheet) 8. Were the businesses more profitable this year or last year? Can you find reasons why the financial performance of the business has improved or worsened? BTec Business Level 3 – Bridging Material Unit 3 Marketing Still working with Tesco and Costa 9. How would you describe what products and services these businesses provide? 10. The marketing mix is made up of 4 P’s – what are they? 11. Create a comparison of the 4P’s for both businesses Tesco P P P P Costa BTec Business Level 3 – Bridging Material Unit 4 Business Communication 12. Businesses can be influenced by stakeholders, make a list of stakeholders in business? 13. What are the main ways that businesses can communicate with stakeholders? 14. What are the main ways that these businesses communicate with potential employees? (find job adverts for Costa and Tesco) 15. What types of skills are needed to work in these businesses?