About
Understand Business - Level 2 course essentials When you first start working in an organisation you will hear people use unfamiliar terms and phrases that seem to be from a foreign language. Some of this terminology will be used only in your organisation or industry but much of it will be general business language. This course will help you to make sense of business terminology and principles. You will learn about sectors and structures, and how to work out what businesses are trying to achieve. You will then go on to consider the different influences on businesses and how they are monitored. You will also learn about the need for businesses to be flexible and to be able to change in response to changing influences. Next, you will study the legal requirements for businesses for health and safety and confidentiality, and how businesses work sustainably. You will look into the important area of business and financial planning. You will learn about the most important financial terminology and the financial reports that are used by most businesses. You will go on to learn about measuring business performance and how data from everyday work is collected and analysed so that decisions can be made to benefit the business. You will also learn about delegation, responsibility and accountability. By the time you have completed this Level 2 course you will have gained a good understanding of the principles of business used by all organisations.