A.3: M.1: Feedback

Merit standard – assessment criteria 

A.3. An analyse of the internal and external factors associated with a selected micro-business start-up. M.1

 A3: Factors to be considered when setting up a micro-business

A.3.1:        Capability and core competencies. | Time constraints. | Financial constraints. 

A.3.2:        Potential stakeholder influences. |Access to physical resources. | Availability of IT. 

A.3.3:        Environmental influences. | Internal risks. | External risks. 

                                           Adapted from Pearson (2022, p.169-175)

Learners should analyse the factors, ensuring there is a good range and noting that some factors and risks will affect some types of business and not others. 

** Learners should provide traceable answers (Harvard referencing) to some of their examples**

Task A.3: M.1 - Online resources: 

• Factors to be considered when setting up a micro-business - Power-point - Hilton, D (2023, A)

• To achieve an overall Merit grade - for your script – Raised in tasks: A.1-A.2. Hilton (2023, MG)

• Also review exemplar of a Merit answer for Unit 1: Exploring a business: Hilton (2023, ME)

Bibliography 

• Hilton (2023, ME): Merit criteria exemplar. Available at URL: https://docs.google.com/presentation/d/1ipC8aElx0eUpqTRvpn0ecLVTFNhxGA0W/edit#slide=id.p1 (Accessed: June 2023) 

• Hilton (2023, MG): Merit guidance. Available at URL: https://cwc020423.blogspot.com/p/merit-criteria.html. (Accessed: June 2023)

•  Hilton, D (2023, A): Learning aim {A}: Explore potential ideas for a micro-business start-up. Available at: https://cwc070323.blogspot.com/ (Accessed: June 2023)

• Hilton, D (2023): Unit 19: Pitching for a New Business - weblog. Available at: https://unit19cwc23.blogspot.com/ (Accessed: June 2023) 

• Pearson (2022, p.169-175): Unit 19: Pitching for a New Business. BTEC Level 3 National Extended Diploma in Business – Specification – Issue 14 – July 2022 © Pearson Education Limited 2022 

• OU (2023): Quick guide to Harvard referencing. Available at: https://www.open.ac.uk/library/referencing-and-plagiarism/quick-guide-to-harvard-referencing-cite-them-right. (Accessed: June 2023).