This module examines the organisation and management of businesses - from commercial/retail through to industrial/production. Business organisation and finance; financial analysis, marketing, sales and forecasting; inventory and production management; quality systems, management and process control.
Learning Outcomes
By the end of the module the student should be able to:
Describe the types of business organisation, their financing and their management;
Use balance sheets, profit and loss accounts and financial control data for management and pricing;
Demonstrate an understanding of the marketing, sales and forecasting processes;
Use the principles of inventory management and production planning and control;
Describe the concepts of TQM, understand quality systems, design standards and the costs of quality;
Set up and interpret variables control charts for process control and capability.
One 2-hour unseen exam in the May/June exam period. Answer three questions out of four. (85%)Group presentations (15%). Presentation materials uploaded by groups of students will be assessed. A small element of this assessment (5%) will be based on peer assessment of the contributions of group members, moderated by the lecturer.