Business Level 3 Extended Diploma

A brief paragraph about yourself and why you are interested in business. Please share with us your ‘business’ experiences. Do you volunteer? Have a part time job? Or do you help in a family business? All experiences are valid, and we would like you to share them with us.

Create a glossary of key terms.

There will be some key terms you should know for your Unit 1 exam. These can be found in Cambridge Technicals Level 3 Business text book. We highly recommend that students purchase this book in advance of starting the course. We would like students to become especially familiar with the following key terms. Please give us a brief description of what you understand the term to mean. We will keep adding to this glossary throughout the course.

These should give you plenty to think about. These terms will be integral in your understanding of business.

Research a fact file on a business of your choice.

It is good to understand businesses around you so that you have evidence within your coursework and examined units which cover all aspects of business. An understanding of businesses will help you contextualise your answers.

Can you pick either a multinational private sector business (For example: Nike, Apple, Starbucks, Amazon, Netflix) OR a public sector business (For example: NHS, HSDC, Network Rail) OR a Community Interest Company/Charity (see local examples such as clubs etc too) and complete the following research.

Let us see what you can do, be creative and make your work look professional.

Create a fact file using any format to include the following:

1. Title page
2. Research some basic facts/background information – what does it do? How large is it? Ownership type? What are their financials for 2023? What are their key objectives?
3. What products do they offer?
4. How successful is it? Give evidence (consider sales, profit, market share) Is this more or less successful than previous years? Why do you think this? Give evidence.
5. Who are the stakeholders of the business? Internal and external.
6. Who are their customers? Describe the target market and how they reach them.
7. What are the key external factors that affect this business and why? (Think about politics, economics, social trends, technology, legal changes, environmental impacts, competition, and ethics)
8. Are there any interesting news articles you can include from the last 12 months? These can be positive or controversial!
9. Their competition – who are they? What is their market share? What makes your chosen business different? How do you know this? Give evidence.
10. Have they shared their plans for the future? And what are these?
11. Conclusion: Your Opinion! What do you think of this business; do you think they will be successful in the next few years? Would you like to work for them? justify your answers.

Read one book or watch one film related to business and write a review which we will upload to our Google Classroom resources for other students to enjoy. Remember to give it a star rating out of 5!

Examples: The Founder (McDonald’s story) – book and film, The Big short, The Fyre, Shoe dog (Nike story) etc.

Gather your resources.  

1. Cambridge technical Level 3 Business textbook (2016) (see also revision aid)
2. We recommend you download the following apps and regularly read the business news every morning: twitter, Sky News or BBC News.