Students will learn why businesses exist and the reasons for choosing and changing business structure. The four key functional areas in business: finance, human resources, operations/production and marketing are studied in detail. Students will learn about how decisions are made regarding these core functions and develop the skills to discuss the impact on the firm of certain decisions. Financial planning is a significant part of this unit and students will carry out calculations using financial documents and interpret their results. Students will further develop their analytical and evaluation skills, to include analysing the strategic position of a business and choosing and managing strategic change including an international perspective.