Unit Award Scheme

73001 PARTICIPATING IN THE RUNNING OF A SMALL ENTERPRISE

In successfully completing this unit, the Learner will have		Evidence needed
demonstrated the ability to
1	participate in the running of a small enterprise	Summary sheet
2	choose, as part of a group, a good or service for the enterprise from a given list	Summary sheet
3	participate in either the manufacture of a good or the provision of a service in the enterprise venture	Summary sheet
4	identify the production costs from given information with assistance	Student completed work
5	state in simple terms, with assistance, how pricing is decided	Summary sheet
shown knowledge of
6	one way in which the enterprise could be improved upon	Summary sheet
acquired an understanding of
7	how, in order to make a profit, the total money earned must exceed the outgoing costs	Summary sheet
8	how a balance sheet is a way of monitoring the enterprise's financial situation	Summary sheet
9	how a job description document is used to outline specific work responsibilities.	Summary sheet

All outcomes recorded on an AQA Summary Sheet

Approved 1 August 2006Level - Entry Level