1 explain the characteristics of different busines

1 explain the characteristics of different business markets

The primary theme of the paper is 1 explain the characteristics of different business markets in which you are required to emphasize its aspects in detail. The cost of the paper starts from $119 and it has been purchased and rated 4.9 points on the scale of 5 points by the students. To gain deeper insights into the paper and achieve fresh information, kindly contact our support.

Outcome 1 Understand business markets

The learner can:

1. explain the characteristics of different business markets
2. explain the nature of interactions between businesses within a market
3. explain how an organisation’s goals may be shaped by the market which it operates
4. describe the legal obligations of a business

Outcome 2 Understand business innovation and growth

The learner can:

1. define business innovation
2. explain the uses of models of business innovation
3. identify sources of support and guidance for business innovation
4. explain the process of product or service development
5. explain the benefits, risks and implications associated with innovation

Outcome 3 Understand financial management

The learner can:

1. explain the importance of financial viability for an organisation
2. explain the consequences of poor financial management
3. explain different financial terminology

Outcome 4 Understand business budgeting

The learner can:

1. explain the uses of a budget
2. explain how to manage a budget

Outcome 5 Understand sales and marketing

The learner can:

1. explain the principles of marketing
2. explain a sales process
3. explain the features and uses of market research
4. explain the value of a brand to an organisation
5. explain the relationship between sales and marketing