Business Studies

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What Will I Learn?

In GCSE Business Studies, which is studied in Year 10 and Year 11, you will learn about how the world of business works and its relevance to almost every aspect of modern society.

The content is presented in six clear and distinct topic areas:

  1. Business activity
  2. Influences on business
  3. Business operations
  4. Finance
  5. Marketing
  6. Human resources

In Year 10 students will cover Unit 1 to 4, the remaining units taught in Year 11.

 

Students will also develop throughout the course, the use of quantitative skills. The aim here is to allow students to develop their analytical and mathematical business skills, calculating amongst other things;

Average Rate of Return (ARR)

Gross Profit Margin and Net Profit Margin

Percentages and Percentage Changes

Constructing a Cash Flow Forecast

Calculating Averages

The Income Statement (Calculating Profit)


How Will I Be Assessed?
  • Unit 1: Business World

Written examination: 2 hours

62.5% of qualification 100 Marks

A mix of short answer and structured questions based on stimulus material covering all of the specification content

  • Unit 2: Business Perceptions

Written examination: 1 hour 30 minutes

37.5% of qualification 60 Marks

Both Units 1 and 2 are terminal examinations to be sat at the end of Year 11.


What Different Types of Activities Will I Do Over Time to Help Me Learn?

You will encounter a variety of teaching methods including case studies, role-plays and ICT alongside more traditional methods.  Students will be expected to immerse themselves in a business-like mind-set and to pay attention to the world around them.  For example, students would be expected to take note of relevant news items, which may be used as a basis for discussion and class-work.


How Will This Help Me to Progress to the Next Year or Key Stage?

This is a GCSE made up of six units. Year 10 delivers a large proportion of the theoretical knowledge needed to tackle the final examinations, as well as the development of quantitative skills. The knowledge and skills gained in Year 10 are then applied to the teaching of the final two units, allowing time to develop and hone examination technique in readiness for the final examinations.

What Will I Learn?

The 2009 Specification follows six main units;

  1. The Business Framework
  2. Businesses and their Customers
  3. Producing Goods and Services
  4. Human Resource Planning
  5. The External Environment
  6. Business Finance and Control

Units 1 to 4 are taught in Year 10 and 5 and 6 in Year 11. Year 11 will also include the Controlled Assessment element of the course.


How Will I Be Assessed?
  • Written Paper 75% (2 hours) 100 marks

One paper which will be targeted at the full range of GCSE grades. Compulsory short-answer questions and compulsory questions based on stimulus material. Some of these questions will require extended writing and will assess the quality of written communication.

 

  • Controlled Assessment (25%) 60 marks

Task Setting

Externally set by WJEC with centres choosing from a range of comparable tasks.

Task Taking

Research – medium level of control over a 6 week period. · Analysis and evaluation – direct control, up to 2000 words in a time period that should not exceed three hours.

Task Marking

Internally marked and externally moderated.


What Different Types of Activities Will I Do Over Time to Help Me Learn?

You will encounter a variety of teaching methods including case studies, role-plays and ICT alongside more traditional methods.  Students will be expected to immerse themselves in a business-like mind-set and to pay attention to the world around them.  For example, students would be expected to take note of relevant news items, which may be used as a basis for discussion and class-work.


How Will This Help Me to Progress to the Next Year or Key Stage?

This GCSE course opens exciting opportunities to study business-related subjects at AS or A-level.  Business can be the gateway into a number of great career choices: as well as being a fascinating subject in its own right, it is a useful subsidiary subject alongside almost any degree course at university.  Some common courses to combine with Business are Law, Accounting, Economics, Journalism, English, ICT and Engineering.

Business is a favoured Bachelor Degree for universities recruiting to MBA (Master of Business Administration Degree) courses which lay the foundations of a career in senior management within all sorts of exciting industries.