Business Studies

GCSE Business Studies

So much in life involves business. Think about the last pair of jeans you bought yourself and then think of what businesses made it possible for you to be wearing them. The obvious ones are the shop and the manufacturing plant but what about: the cotton growers, the delivery company, the advertising company who produces the YouTube adverts to name but a few. What about the banks that provide the finances for all those businesses? Where does health & safety, consumer and employment law come in? Thinking about all those processes and the people involved allows you begin to understand what Business Studies is all about. Business is a major part of everyone’s life and anybody who has a good idea about how business works is at an immediate advantage as they face their future.

Qualification aims and objectives

The aims and objectives of this qualification are to enable students to:

  • know and understand business ideas, business jargon, business goals, the joined up nature of business activity and the impact of business on individuals and wider society
  • apply knowledge and understanding to current business issues and to different types and sizes of businesses in local, national and global contexts
  • develop as inventive individuals with the ability to think commercially and creatively to demonstrate business expertise, and draw on evidence to make informed business decisions and solve business problems
  • develop as effective and independent students, and as critical and reflective thinkers with enquiring minds
  • use an enquiring, critical approach to make informed judgements
  • investigate and analyse real business opportunities and issues to construct well-argued, well-evidenced, balanced and structured arguments, demonstrating their depth and breadth of understanding of business
  • develop and apply numerical skills relevant to business, including using and interpreting data.

To meet these aims the following topics are covered.

  • 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
  • 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

Examinations

Students entering the Summer 2019 exams and beyond will be examined as follows:

Area Examined Type Time
Business 1:

business activity,

marketing and

people

The exam paper will consist of calculations, multiple-choice, short-answer and extended-writing questions. 1 Hour 30 Minutes

paper

80 Marks

50% of the qualification

 

Business 2:

operations,

finance and

influences on

business

The exam paper will consist of calculations, multiple-choice, short-answer and extended-writing questions. 1 Hour 30 Minutes

paper

 

80 Marks

50% of the qualification

 

Progression

Students can progress from this qualification to a number of different academic and vocational qualifications at Level 3, including GCEs in Business, History, Geography, Economics and Psychology and BTEC Nationals in Business.

The knowledge and skills gained from GCSE Business support students’ entry into employment or other training in specific aspects of business, such as apprenticeships and vocational qualifications which focus on more specialised business areas.

GCSE Business provides a strong foundation for employment, with students progressing, with further training, to a wide range of careers training such as banking, sales, product management and general management.