Level 2 Understanding Business Enterprise (2012)
Please note that the last opportunity for assessment for this qualification is Summer 2021; after that, the qualification will be withdrawn. In 2020 and 2021 the assessment is available in Summer only.
Understanding Business Enterprise introduces learners to the most important aspects of starting and running an enterprise. It also helps them to develop the knowledge, skills and understanding they would need if they decided to do so.
Assessment is portfolio based; there is no examination or test.
Learners produce evidence that shows how they meet the assessment criteria. Centre assessors or course tutors assess the portfolios, and we carry out external moderation.
There are four mandatory units:
- Unit 1: Understand How to Market a Business
- Unit 2: Understand Business Planning
- Unit 3: Understand Business Resource and Legal Issues
- Unit 4: Understand How to Manage Money in a Business.
Learners must also take any one of the following Level 1 units:
- Unit 1: Understand Enterprise and Enterprising Skills
- Unit 2: Understand the Personal Qualities and Abilities for Business
- Unit 3: Understand the Opportunities and Risks in Running a Business.
Skills developed through Understanding Business Enterprise
A qualification in Understanding Business Enterprise can build learners' confidence and motivation to establish their own small business enterprises, making a positive contribution to the Northern Ireland economy. It provides opportunities for learners to be creative, imaginative, innovative, flexible, adaptable and self-confident – employability skills that are relevant not only in the context of Understanding Business Enterprise but also in general life and work.
Learners who complete the course successfully will be well placed to progress to programmes that help them establish their own business. They may also choose to take more specific courses in finance, marketing, personnel, operations management and/or strategic planning.