Cambridge National in Enterprise and Marketing
R067 – Enterprise & Marketing Concepts
Topic Five – Factors to Consider when Starting Up and Running an Enterprise
When taught: November-December Year 11
Specification link: Cambridge Nationals – Enterprise and Marketing Level 1/Level 2 – J837 – OCR
What are we learning?
- Appropriate forms of ownership for business start-ups
- Sole trader, partnerships, private limited company, franchise
- Sources of capital for business start-ups and expansion
- Savings, loans, crowdfunding, grants, business angels/venture capital
- Support for enterprise
- Finance providers, councils, accountants, solicitors, charities, government
How will we be assessed?
The end of topic assessment will consist of multiple choice questions, financial calculations and short answer questions as seen in the exam papers. The skills and knowledge developed through this unit will also be used as a key part of the R068 and R069 coursework elements.
What makes a strong piece of work in this topic? What are teachers hoping to see?
- Good knowledge and understanding of key ideas and concepts, including identifying incorrect ideas
- Effective use and understanding of subject specific terminology
- Developed explanation – identify a factor, explain that factor, then explain the impact on a business
- Balanced arguments giving advantages and disadvantages of two options, with reasons, before justifying a choice.
What additional resources can I access outside of lessons?
The options for start-up and small businesses – BBC Bitesize
