Key Stage 4 - Business

GCSE Applied Business

This course consists of two units: 

Unit 1

Investigating how businesses work (controlled assessment, 60% of the course)

Students investigate the meaning of enterprise and the skills required to be successful in business. They then consider business activity, how and why businesses set aims and objectives, and the factors which decide the most appropriate form of business ownership, and also ethical issues. Students investigate how businesses are organised and explore the reasons why different businesses have different functional areas. They also investigate stakeholders and their importance to the business. Students use this material and their knowledge to apply to two selected, real businesses - one local and one national or international.

Unit 2

Financial records (exam, 40% of the course)

Students investigate the role, construction and importance of a range of financial documents: including purchase orders, invoices and credit notes, and statements. Students investigate the nature, advantages and disadvantages of business payment methods, both cash and credit, and also the range and categorisation of business costs. They also investigate the use, structure and content of financial statements, profit and loss and balance sheets in business. 

 

Title

Exam board

Exam code

Content

Applied Business 

GCSE

Edexcel

2AB01

Year 10

Term 1

Financial Documents & Payment Methods

Term 2

Financial Statements

Term 3

Financial Ratios

Year 11

Term 1

Controlled Assessment

Term 2

Controlled Assessment

Link to specification: http://www.edexcel.com/quals/gcse/gcse09/Business/app-bus/Pages/default.aspx

GCSE Business Studies

Theme 1: Investigating small business
(*Paper code: 1BS0/01) 

Theme 2: Building a Business
(Paper code: 1BS0/02)

Written examination:
1 hour and 30 minutes
50% of the qualification
90 marks

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

Assessment overview:

  • The paper is divided into three sections:
  • Section A: 35 marks
  • Section B: 30 marks
  • Section C: 25 marks

Written examination:
1 hour and 30 minutes
50% of the qualification
90 marks

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

Assessment overview:

  • The paper is divided into three sections:
  • Section A: 35 marks
  • Section B: 30 marks
  • Section C: 25 marks

Students need to appreciate that organisational success requires an understanding of the business as a whole: the interactions between departments and the relationship between the business and outside forces.