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Unit 7 BTEC level 3 Business
Questions and Answers Latest 2026
a formal written document or statement about the
intentions and purpose of the business Ans: Business
Plan
- Executive summary
- Business description
- Market analysis
- Marketing strategies
- Financial plans Ans: What a business Plan includes
- Gap in the market
- Competitors
- Current trends
- Likely demand Ans: Factors that influence how a
'Developing' business develops
- Age, death
- Change of business operation
- A corporate buyout
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- Merger
- Business failure Ans: Reasons a business may need to
change its ownership
Has a wide span, is horizontally dispersed, and has fewer
hierarchical levels Ans: Flat Structure
An organizational structure that simultaneously groups
people and resources by function and by product. Ans:
Matrix Structure
Shows a hierarchy of responsibilities and authority
showing who is responsible for what and who has
authority to make decisions regarding business
operations Ans: Hierarchical Structure
- Previous market research
- Trade journals
- Websites
- Books and newspapers
- Census data and public records Ans: Secondary
research sources
Info should be kept secure in accordance with the nature
and sensitivity of that information. There is a legal
requirement to store info securely and there are rules
dictating how info is stored and for what period of time
Ans: Security of information
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It is vital businesses are up to date with the legal
requirements around data storage. Data protection act
1998 is the main legislation they must follow Ans:
Legislative
Regulatory and ethical issues Ans: Businesses will need
to ensure they are frequently monitoring impending
changes to any legislation or regulation
Porters 5 forces Ans: 1. Existing competitive rivalry
between suppliers
2. Threat of new entrants
3. Bargaining power of buyers
4. Power of suppliers
5. Threat of substitute products
5C'S Ans: 1. Customer
2. Company
3. Climate
4. Collaborators
5. Competitors
Ansoff matrix Ans: This model is used to enable a
business to make decisions about the opportunity for
growth in the market place
© 2025 All rights reserved
Unit 7 BTEC level 3 Business
Questions and Answers Latest 2026
a formal written document or statement about the
intentions and purpose of the business Ans: Business
Plan
- Executive summary
- Business description
- Market analysis
- Marketing strategies
- Financial plans Ans: What a business Plan includes
- Gap in the market
- Competitors
- Current trends
- Likely demand Ans: Factors that influence how a
'Developing' business develops
- Age, death
- Change of business operation
- A corporate buyout
© 2025 All rights reserved
, 2 | Page
- Merger
- Business failure Ans: Reasons a business may need to
change its ownership
Has a wide span, is horizontally dispersed, and has fewer
hierarchical levels Ans: Flat Structure
An organizational structure that simultaneously groups
people and resources by function and by product. Ans:
Matrix Structure
Shows a hierarchy of responsibilities and authority
showing who is responsible for what and who has
authority to make decisions regarding business
operations Ans: Hierarchical Structure
- Previous market research
- Trade journals
- Websites
- Books and newspapers
- Census data and public records Ans: Secondary
research sources
Info should be kept secure in accordance with the nature
and sensitivity of that information. There is a legal
requirement to store info securely and there are rules
dictating how info is stored and for what period of time
Ans: Security of information
© 2025 All rights reserved
, 3 | Page
It is vital businesses are up to date with the legal
requirements around data storage. Data protection act
1998 is the main legislation they must follow Ans:
Legislative
Regulatory and ethical issues Ans: Businesses will need
to ensure they are frequently monitoring impending
changes to any legislation or regulation
Porters 5 forces Ans: 1. Existing competitive rivalry
between suppliers
2. Threat of new entrants
3. Bargaining power of buyers
4. Power of suppliers
5. Threat of substitute products
5C'S Ans: 1. Customer
2. Company
3. Climate
4. Collaborators
5. Competitors
Ansoff matrix Ans: This model is used to enable a
business to make decisions about the opportunity for
growth in the market place
© 2025 All rights reserved
