Cash flow statement You are required to explain the purpose of three financial reports. Answer: Pass or Referral Section comments (optional): Verification comments (optional): Learning Outcome / Section 4: Understand business reporting within an organisation Assessor feedback on AC Assessment Guidance [comments not necessary in Assessment Criteria (AC) every box] Methods of measuring business performance will vary according to the AC 4.1 nature of the business and the core activities in the business that contribute Explain methods of most to making the business successful. measuring business Examples of business performance Key Performance Indicators (KPIs) include: performance Sales Sales returns Customer complaints Customer satisfaction surveys Time taken to complete an order Delivery times Customer retention New customers etc. You are required to explain how two or more performance indicators are used to measure business performance. Answer: Pass or Referral
Cash flow statement You are required to explain the purpose of three financial reports. Answer: Pass or Referral Section comments (optional): Verification comments (optional): Learning Outcome / Section 4: Understand business reporting within an organisation Assessment Criteria (AC) Assessment Guidance Assessor feedback on AC [comments not necessary in every box] AC 4.1 Explain methods of measuring business performance Methods of measuring business performance will vary according to the nature of the business and the core activities in the business that contribute most to making the business successful. Examples of business performance Key Performance Indicators (KPIs) include: Sales Sales returns Customer complaints Customer satisfaction surveys Time taken to complete an order Delivery times Customer retention New customers etc. You are required to explain how two or more performance indicators are used to measure business performance. Answer: Pass or Referral
Understand%20business%20assignmment.docx