Business

Key Stage 4 (GCSE)

Edexcel

Business investigates the world around you. You will look at all the different functions within a business and how they work together. What external influences can affect the ways businesses operate in the economy and how businesses address social and environmental issues.

Business should appeal to those who:

  • Have an interest in how business operates
  • Enjoy studying a subject that is relevant to their own lives and experiences
  • Would like to study an area that offers opportunities for a career in business
  • Would like to learn how to make business decisions and solve business problems
  • Wants to keep their options open – Business can be a useful choice for a wide range of careers and can be combined with a wide range of subjects.

The Course

We start by exploring the world of small businesses from the perspective of an entrepreneur. How and why do business ideas come about? What makes a successful business? We look at how ideas are developed: how to spot an opportunity and turn it into a successful business. We consider how to make a business effective, manage money and see how the world around us affects small businesses and all the people involved.

Then we move on to investigating business growth. How does a business develop beyond the start-up phase? We study key business concepts and issues and decisions entrepreneurs need to make when growing a business and working in a global business. We also investigate how businesses meet customer needs, make marketing, operational, financial and human resourcing decisions and explore how the wider world impacts the business as it grows.

Assessment

The qualification will be assessed in two equally weighted exam papers:

Paper 1 - Theme 1: Investigating Small Business Paper 2 - Theme 2: Building a business

Written exam: 90 minutes, 90 marks

50% of the total GCSE

Multiple choice, calculation, short answer and extended writing questions.

Written exam: 90 minutes, 90 marks

50% of the total GCSE

Multiple choice, calculation, short answer and extended writing questions.

There are three sections in the paper. Each section is ramped, starting with multiple choice questions, moving to short answer questions and ending with extended writing.

Sections B and C are based on real life, relevant business contexts and examples.

There are three sections in the paper. Each section is ramped, starting with multiple choice questions, moving to short answer questions and ending with extended writing.

Sections B and C are based on real life, relevant business contexts and examples.

Key Stage 5 (AS/A Level)

Board: Edexcel

Course Aims

The course should enable candidates to:

  • develop an enthusiasm for studying business
  • gain an holistic understanding of business in a range of contexts
  • develop a critical understanding of organisations and their ability to meet society's needs and wants
  • understand that business behaviour can be studied from a range of perspectives
  • generate enterprising and creative approaches to business opportunities, problems and issues
  • be aware of the ethical dilemmas and responsibilities faced by organisations and individuals
  • acquire a range of relevant business and generic skills, including decision making, problem solving, the challenging of assumptions and critical analysis
  • apply numerical skills in a range of business contexts

Course Details

Students are introduced to business in Themes 1 and 2 through building knowledge of core business concepts and applying them to business contexts to develop a broad understanding of how businesses work. Breadth and depth of knowledge and understanding, with applications to a wider range of contexts and more complex business information, are developed in Themes 3 and 4, requiring students to take a more strategic view of business opportunities and issues.

Students are encouraged to use an enquiring, critical and thoughtful approach to the study of business, to understand that business behaviour can be studied from a range of perspectives and to challenge assumptions.

Theme 1: Marketing and People

Students will develop an understanding of:

 

Theme 2: Managing Business Activities

Students will develop an understanding of:

Meeting customer needs   Raising Finance
The Market                              Financial Planning
Marketing mix and Strategy   Managing Finance
Managing People   Resource Management
Entrepreneurs and Leaders   External Influences

Theme 3: Business Decisions and Strategy    

This theme develops the concepts introduced in Theme 2. Students will develop an understanding of:   

                  

Theme 4: Global Business

This theme develops the concepts introduced in Theme 1. Students will develop an understanding of:   

Business objectives and strategy   Globalisation
Business growth   Global markets and business expansion
Decision-making techniques   Global marketing
Influences on business decisions   Global industries and companies (multinational corporations)
Assessing competitiveness    
Managing Change    

Assessment

Exam - AS Level

Exam AS Level % of GCE Details
Paper 1 - Marketing and people 50

The paper comprises three sections drawn from Theme 1.

Sections A and B each comprise of data response questions.

Section C is one extended open response question broken down into a number of parts.

Paper 2 - Managing business activities 50

The paper also comprises three sections drawn from Theme 1.

Sections A and B each comprise of data response questions.

Section C is one extended open response question broken down into a number of parts.

Exam - A Level

Exam A Level % of GCE Details
Paper 1 - Marketing, people and global business 35

The paper comprises two sections and questions will be drawn from Themes 1 and 4, and from local, national and global contexts.

The exam comprises of data response questions and one extended open response question.

Paper 2 - Business activities, decisions and strategies 35

The paper comprises two sections and questions will be drawn from Themes 2 and 3, and from local, national and global contexts.

The exam comprises of data response questions and one extended open response question.

Paper 3 - Investigating business in a competitive environment 30

This paper assess content across all four themes. Questions will be drawn from local, national and global contexts.

There is a pre-released context document issues. The paper comprises of two sections, each comprising of data response questions and one extended open response question.