Understanding business & enterprise

Challenge reference: 1039

Notional learning hours  10
Level E3
Subject area
Preparing for Adulthood pathway
Skill
Learning aim

Learners will gain an understanding of what a business is and what to think about when starting a new enterprise.

Learning context

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Learning outcomes

What the learner needs to know, understand or be able to do

The learner will:

  1. Know about different types of business
  2. Be able to find out about a business.
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Assessment criteria

What the learner need to demonstrate in order to meet the learning outcome

The learner can:

    • Describe what a Sole Trader business is.
    • Describe what a Partnership business is.
    • Describe what Public Limited Company is.
    • Describe what Private Limited Company is.
    • Choose 1 local, national or international business.
    • Describe the chosen business's values.
    • Describe how the business produces money to operate.
    • Describe how the business will use it profits.
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