Business Studies

 

Business Studies
Business Studies is an exciting and interesting subject which helps students to understand the world in which we live and reflects the values of society and the people working within them. Business Studies provides an understanding of the commercial world and how finance is raised and used by the Government to pay for the Nation’s goods and services. It encourages students to consider the practical application of business including economic concepts and explores the events in the business and economic world.

At Key Stage 4 Students can select Business as an option as one of their subject options in Year 9. In the Sixth Form, students can continue to study Business to A/AS level

Years    

10 & 11

Edexcel GCSE Business Studies IBS0
Aim To learn about how the world of business works and its relevance to almost every aspect of modern society.  Amongst other topics, you will learn about planning, finance, marketing and economics and discover some of the methods and techniques used to analyse an organisation’s performance.
Topics covered There are two themes of work over the two years.

Theme 1: Investigating small business

Content overview

Topic 1.1 Enterprise and entrepreneurship

Topic 1.2 Spotting a business opportunity

Topic 1.3 Putting a business idea into practice

Topic 1.4 Making the business effective

Topic 1.5 Understanding external influences on business

Theme 2: Building a business

Content overview

● Topic 2.1 Growing the business

● Topic 2.2 Making marketing decisions

● Topic 2.3 Making operational decisions

● Topic 2.4 Making financial decisions

● Topic 2.5 Making human resource decisions

For more detailed information, see link to the Edxcel exam board website.

https://qualifications.pearson.com/en/qualifications/edexcel-gcses/business-2017.html

Assessment There are formal tests at the end of each topic and mock exams in Years 9, 10 & 11.

Final Assessment is in the form of two written examination lasting1 hour and 30 minutes. Each paper is divided into three sections: Section A: 35 marks | Section B: 30 marks |Section C: 25 marks.

Each paper will consist of calculations, multiple-choice, short-answer and extended-writing questions. Questions in Sections B and C will be based on business contexts given in the paper.

Year 12
and 13
Edexcel Business 8BS0  
Aim These specifications encourage students to develop a critical understanding of organisations, the context in which they operate, the markets they serve and the process of adding value through a problem solving approach to study. The opportunity to pursue an area of particular interest exists within the overall framework.
Topics covered There are two themes covered in Year 12.

Theme 1: Marketing and people

Students will develop an understanding of:

  • meeting customer needs
  • the market
  • marketing mix and strategy
  • managing people
  • entrepreneurs and leaders.

 Theme 2: Managing business activities

Students will develop an understanding of:

  • raising finance
  • financial planning
  • managing finance
  • resource management
  • external influences.

 There are two themes covered in Year 13
 Theme 3: Business decisions and strategy

  • business objectives and strategy
  • business growth
  • decision-making techniques
  • influences on business decisions
  • assessing competitiveness
  • managing change

 Theme 4: Global business

  • globalisation
  • global markets and business expansion
  • global marketing
  • global industries and companies (multinational corporations).

Please visit on the Edexcel  exam board website  which sets out the business concepts taught and the understanding expected of students.

https://qualifications.pearson.com/en/qualifications/edexcel-a-levels/business-2015.html 

Assessment There are formal tests at the end of each topic and mock exams in both Year 12 & 13.

Final Assessment in Year 13 is in the form of three written examinations each lasting 2 hours.

Paper 1 (9BS0/01) assesses marketing, people and global businesses. Questions are drawn from Themes 1 and 4, and from local, national and global contexts

Paper 2 (9BS0/02) assesses business finance and operations, business decisions and strategy. Questions are drawn from Themes 2 and 3, and from local, national and global contexts.

Paper 3 (9BS0/03) assesses content across all four themes. Questions will be drawn from local, national and global contexts. s an investigation into business in a competitive environment. For paper 3, a pre-released context document is issued in November of the previous year. The context will focus on a broad context, such as about a given industry

Overview of assessment 

For all three papers students answer all questions from two sections.  Sections A and B each comprise one data response question broken down into a number of parts, including one extended open-response question.

USEFUL WEBSITES

 

www.s-cool.co.uk

www.bbc.co.uk/education

www.tuc.org.uk

www.businessdictionary.com

www.businesscasestudies.co.uk

www.tutor2u.net

All business studies students should actively access reputable sources for current news

www.bbc.co.uk/businessnews

www.cityam.co.uk