BTEC Level 1/2 tech award in Enterprise
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The main objective of the BTEC award in Enterprise is to cover the theoretical knowledge and practical skills related to the assessing, pitching, and reviewing an enterprise that individuals are seeking to develop. This module helps the learners understand what an enterprise is and examines its various characteristics such as the size, location, ownership, etc. It also enables the learner’s ability to explore the purpose of an Enterprise. Furthermore, it helps the learners to understand the basic needs of an enterprise by exploring both internal and external factors such as competitor behaviour, consumer needs, market research, etc.
Moreover, this module covers the approaches and techniques that are adopted by enterprises to plan for pitching and daily activities by reviewing own pitch for a micro-enterprise activity as well as it explores how to utilise feedback and reviews to identify issues and enhance the performance and outcome.
The focus of this module is then shifted towards the promotions and financial activities as it helps the learners to understand the flow of financial documents, for instance, it illuminates the significance of interpreting, checking and completing the financial documents correctly such as the cash flow statements, credit notes, invoices, purchase and delivery notes, etc. it also covers the effects of using various payment methods on consumers.
Finally, it examines the financial and management accounting as well to help the learner develop a sound understanding of the cash flow by exploring financial planning and forecasting, the appropriate methods to use cast data, the suggestions to improve the cash flow problems and issues, break-even analysis, and other sources of business finance.
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