Unit A2 1 Making Business Decisions

A one page super summary of mission statements and their advantages and disadvantages with general comments about the usefulness of one.

An example of some of the world's largest companies mission statements.

A look at what a business plan is, including their advantages and disadvantages.

A look at the advantages and disadvantages of growth, survival and profit maximisation as business objectives.

A look at what is a decision tree, factors to include, diagrams to illustrate a decision tree and how to construct one. Advantages and disadvantages of a decision tree is provided.

A detailed document of who stakeholders are, their objectivesm how these objectives may clash and methods to resolve them.

A look at the income statement and statement of financial position with diagrams and examples. User of Financial Data both internal and external. How to calculate gross profit, cost of sales and net profit. How to evaluate an income statement. The assets and liabilities of a company.

An example of how to draw a decision tree and how to draw a conclusion based upon that data.

A sample essday of how to approach an essay on contingency plans using a past paper with a clear conclusion drawn.