BUSINESS MANAGEMENT
Unit 1: Planning a Business
Area of Study 2: External environment
Outcome 2
- describe the external environment of a business and explain how the macro and operating factors within it may affect business planning.
Key knowledge
- an overview of the factors within the external (macro and operating) environment and internal environment that affect business planning.
Macro factors affecting business planning
- an overview of key legal and government regulations affecting businesses in the planning stage
Operating factors that affect business planning
Key skills
- define, describe, and apply relevant business management concepts and terms
- acquire, record, interpret and share business information and ideas
Unit 2: Establishing a Business
Area of Study 1: Legal requirements and financial considerations
Outcome 1
- explain the importance when establishing a business of complying with legal requirements and financial record keeping, and establishing effective policies and procedures.
Key knowledge
- an overview of legal requirements for establishing a business such as registering the business name, registering a website domain, trade practices legislation, business tax compliance and work safe insurance
Key skills
- acquire, record, interpret and share business information and ideas