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Introduction to Enterprise

Unit Code: AE4ECY002
Level: Entry
Credit Value: 3
Unit ID: BZL410
learndirect: AE4
Sector: 15.3
Last registration date: 30/06/2012


Learning Outcomes Assessment Criteria
The learner will The learner can
1. Understand what is meant by a Business Enterprise.
1.1 State an idea for the business.
1.2 Express in simple terms what your business is going to do.
2. Set up the Business Enterprise.
2.1 Work with others in a team.
2.2 Allocate jobs to team members.
2.3 Decide a name for the business.
2.4 Design a logo for the business.
2.5 Decide on the best design.
3. Select product and/or services.
3.1 Produce a list of ideas for products or services.
3.2 Choose one or more for your team.
3.3 Find out if people will buy your products or services. (Produce a questionnaire).
3.4 Participate in a group discussion to decide which products or services to provide.
4. Design and make the products or specify the services.
4.1 Choose a method for making the products or carrying out the services.
4.2 Make a list of materials/ingredients or resources/qualities required to provide the products or services.
4.3 Carry out your role in making the product or providing the services.
5. Cost and price the products or services.
5.1 Find out how much has been spent on materials/resources or the cost of service providers time.
5.2 Decide on a price for the products or services.
6. Advertise the product or services.
6.1 Create some advertising material (e.g. leaflet, poster).
6.2 Advertise the products or services.
7. Sell the products or services.
7.1 Present products for sale or provide services to generate income.
7.2 Sell to customers.
8. Produce a financial report.
8.1 Record how much money has been spent.
8.2 Record to total income from sales.
8.3 Find out if the business has made a profit.

Assessment Methods:
There is no assessment information available for this unit. Assessments used should be fit for purpose for the unit and learners, and generate evidence of achievement for all the assessment criteria.

Further assessment guidance is available here.
Assessment Information:
There is no specific assessment information to be used with this unit.

If not specifically stated in the assessment information, a plural statement in any assessment criterion means a minimum of two.
Assessor Requirements:
There is no information regarding specific assessor requirements for this unit. Centres should select assessors who are trained in assessment, and who have subject specific competence to assess at this level.