Unit 1 — The Business Environment
Explain the functions and goals of Australian businesses, compare business structures and finance, and analyse internal and PESTLE influences, stakeholder interests, entrepreneurship and ethical conduct.
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Explain the functions and goals of Australian businesses, compare business structures and finance, and analyse internal and PESTLE influences, stakeholder interests, entrepreneurship and ethical conduct.
Analyse how inputs are transformed into products or services, how quality and efficiency support competitive advantage, and how operational, strategic and technology decisions affect performance.
Connect workforce planning, recruitment, training, motivation, performance and separation to business needs, while considering Australian workplace obligations, diversity and employee rights.
Read income statements, balance sheets and cash budgets; calculate and interpret profitability, liquidity, gearing and efficiency ratios; and use cost-volume-profit and break-even analysis to test decisions.
Use market research, SWOT, target-market selection, product life cycle and the marketing mix to form and evaluate a coherent strategy, using financial and non-financial performance indicators.
Plan and conduct an inquiry into a business opportunity by defining a question, gathering and evaluating reliable information, analysing feasibility and reflecting on evidence and process.
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Business Studies Level 3 BST315116 course document current for 2026 and External Assessment Specifications Version 6, February 2025
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