Chapter Name: Identify and Evaluate Alternatives to Improve Profitability
Description:Teaches strategies and options to enhance financial outcomes.
Purpuse:Boost business sustainability and financial health.
Rational:Informed decisions on profitability improvements support business growth.
Chapter Assessment
Scope of Practical Skill
Key Requirement 1: Analyse the specific situation
Review current business operations and profitability.
Key Requirement 2: Identify the appropriate processes that must be used
Research and identify alternative strategies for profitability improvement.
Key Requirement 3: Apply the processes and package the findings and
Evaluate alternative solutions and document the findings.
Key Requirement 4: Follow implementation steps and review for improvement
Implement the selected strategies and monitor their impact.
Assessment Questions
Assessment 1 : Observe and evaluate the extent to which the candidate follows the procedural steps and applies the behavioural processes
None
Assessment 2 : Evaluate the level of demonstrated understanding of the theories and concepts that underpin the applied techniques
None
Assessment 3 : Observe and evaluate the extent to which the candidate follows the procedural steps and applies the behavioural processes
None
Assessment 4 : Evaluate the level of demonstrated understanding of the theories and concepts that underpin the applied techniques
None