Business Studies

Business GCSE will require students to understand more about the business world.  It will develop students into commercially minded and enterprising individuals who think critically, drawing on business information and evidence to develop arguments and make justified decisions.

Module Year 9
1 The purpose and nature of businesses
2 External factors - PESTLE analysis
3 Business ownership
4 Setting aims and objectives
5 Stakeholders
6 Business location/business planning
Module Year 10
1

Business in the Real world: Expanding a business

  • The methods of expansion
  • The benefits and drawbacks of expansion
  • The economies of scale
  • The diseconomies of scale
2

Influences on business: Technology

  • Information and communication technology
  • Use of e-commerce
  • Use of digital communication to communicate with stakeholders such as customers and suppliers

Influences on business: Ethical and environmental considerations

  • trade-off between ethics and profit
  • Environmental factors impacting businesses and customer decisions
  • Sustainability
  • Advantages and disadvantages of behaving ethically and in and environmentally responsible manner
3

Influences on business: The economic climate

  • What is meant by the economic climate
  • Interest rates-impact on business and consumer spending
  • Level of employment impacting businesses
  • Change in consumer's income and levels of spending
4

Influences on business: Globalisation

  • What is meant by globalisation
  • The benefits and drawbacks of globalisation for UK businesses
  • How the UK compete internationally in response to globalisation
  • The impact of exchange rates on businesses
5

Influences on business: Legislation

  • What is meant by legislation
  • How employment and health and safety laws affect businesses
  • The effects of laws designated to protect consumers

Influences on business: The competitive environment

  • What is meant by a market and competition
  • Risk and uncertainties faced by businesses
  • How businesses can minimise risks
  • why entrepreneurs start businesses
6

Business operations: Production processes

  • Advantages and disadvantages of production methods such as job and flow production
  • Efficient production
  • Lean production - how can it improve efficiency

GCSE business requires students to apply their knowledge and understanding to business decision making. 

The course covers the following contexts:

  • Business activity
  • Influences on business
  • Business operations
  • Finance
  • Marketing
  • Human Resources

The course requires students to use business terminology, apply business concepts, develop problem solving and decision making skills relevant to business, investigate, analyse and evaluate business opportunities, make justified decisions using both qualitative and quantitative data.

There are certain mathematical techniques appropriate to this course.  These include:

  • Percentages and percentage changes
  • Averages
  • Revenue, costs and profit
  • Gross profit margin and net profit margin ratios
  • Average rate of return
  • Cash-flow forecasts, including total costs, total revenue and net cash flow

The use of quantitative data in business contexts to support, inform and justify business decisions include:

  • Information from graphs and charts
  • Profitability ratios (gross profit margin and net profit margin)
  • Financial data, including profit and loss, average rate of return and cash-flow forecasts
  • Marketing data, including market research data
Market data, including market share, changes in costs and changes in prices.

Assessment:

Candidates are continually assessed throughout the course, with final assessments and moderation being carried out at the end of Year 11

 

Kings Reach
Slough Berkshire
SL3 7UX
Tel: 01753 537594
Fax: 01753 526485 office@dittonparkacademy.co.uk
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