A.4: D.1: Feedback

Distinction standard – assessment criteria - Pearson (2022, p.169-175)

A.4: Evaluate the internal and external factors associated with a selected micro-business start-up.. D.1.

Learners should have evaluated a range of internal and external factors for the small business start-up, along with how these factors can be a risk to the new business (at least four factors and four risks should be evaluated). 

 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. 

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

To achieve an overall Distinction grade - for your script – you need to make judgments on the points - Tasks: A.1-A.3. Hilton (2023, DG):

Also review exemplar of a Distinction answer for Unit 1: Exploring a business: Hilton (2023, DE)

Bibliography 

• Hilton (2023, DE): Distinction criteria exemplar. Available at URL: https://docs.google.com/presentation/d/1f1BbYQFRiTPijc47m4HE8pghLvFdsyTt/edit#slide=id.p1 (Accessed: June 2023) 

• Hilton (2023, DG): Distinction guidance. Available at URL: https://unit19cwc23.blogspot.com/p/distinction-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).