Business Studies
NCFE Business and Enterprise
Subject Overview
NCFE Business and Enterprise is aimed at students who are interested in the business and enterprise industry sector. The course encourages students to use knowledge and practical enterprise tools to prepare them for business. They will develop significant personal and vocational business skills that can be transferred to further study or employment.
Studying Business and Enterprise involves understanding many key areas such as, legal structures, marketing, market research, operations management, resource planning, human resources, funding, finance and business, and enterprise planning. The qualification focuses on the study of the business and enterprise sector and students will gain a broad understanding and knowledge of working in the sector.
Course Information
Unit 01 Introduction to Business and Enterprise
i. Understand entrepreneurship, business organisation and the importance of stakeholders.
ii. Understand the marketing mix, market research, market types and orientation types.
iii. Understand operations management.
iv. Understand customer service and internal influences on business.
v. Understand external influences on business.
Unit 02 Understanding Resources for Business and Enterprise Planning
i. Understand research, resource planning and growth for business and enterprise.
ii. Understanding human resource requirements for a business start-up.
iii. Understand sources of enterprise funding and business finance.
iv. Understand business and enterprise planning.
Assessment
To achieve the NCFE Level 1/2 Technical Award in Business and Enterprise, students must successfully demonstrate their achievement of all assessment objectives of the units as detailed in this qualification specification. Students must achieve a minimum of a Level 1 Pass in the internal and external assessment to achieve the overall qualification.
Unit 01 40% Weighting Externally assessed: written examination (externally marked)
Unit 02 60% Weighting Internally assessed: synoptic project (externally quality assured)
Progression
Depending on the grade achieved in this qualification, they can progress onto studying further Level 2 and Level 3 qualifications. Additionally, understanding and skills gained through this qualification could be useful to progress onto an apprenticeship in business administration.