Business Studies

GCSE Business Studies

GCSE Business Studies is assessed over 2 examination papers:-

Theme 1 concentrates on the key business concepts, issues and skills involved in starting and running a small business. It provides a framework for students to explore core concepts through the lens of an entrepreneur setting up a business.

In this theme, students will be introduced to local and national business contexts and will develop an understanding of how these contexts impact business behaviour and decisions. Local contexts refer specifically to small businesses or those operating in a single UK location and national contexts relate to businesses operating in more than one location or across the UK.

Theme 2 examines how a business develops beyond the start-up phase. It focuses on the key business concepts, issues and decisions used to grow a business, with emphasis on aspects of marketing, operations, finance and human resources. Theme 2 also considers the impact of the wider world on the decisions a business makes as it grows.

In this theme, students will be introduced to national and global business contexts and will develop an understanding of how these contexts impact business behaviour and decisions.  National contexts build on those in Theme 1 and relate to businesses operating in more than one location or across the UK. Global contexts relate to non-UK or transnational businesses.

Course structure for Years 9 - 11

Theme 1: Investigating small businesses

 

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

Years 9 & 10

 

Theme 2: Investigating small businesses

 

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

Years 10 & 11

 

 

What is this course about?

Theme 1 comprises five topic areas.

● Topic 1.1 Enterprise and entrepreneurship – students are introduced to the dynamic nature of business in relation to how and why business ideas come about. They also explore the impact of risk and reward on business activity and the role of entrepreneurship.

● Topic 1.2 Spotting a business opportunity – students will explore how new and small businesses identify opportunities through understanding customer needs and conducting market research. They will also focus on understanding the competition.

● Topic 1.3 Putting a business idea into practice – this topic focuses on making a business idea happen through identifying aims and objectives and concentrating on the financial aspects.

● Topic 1.4 Making the business effective – students will explore a range of factors that impact on the success of the business, including location, the marketing mix and the business plan.

● Topic 1.5 Understanding external influences on business – students are introduced to a range of factors, many of which are outside of the immediate control of the business, such as stakeholders, technology, legislation and the economy. Students will explore how businesses respond to these influences.

Theme 2 comprises five topic areas.

● Topic 2.1 Growing the business – students are introduced to methods of growth and how and why business aims and objectives change as businesses evolve. The impact of globalisation and the ethical and environmental questions facing businesses are explored.

● Topic 2.2 Making marketing decisions – students will explore how each element of the marketing mix is managed and used to inform and make business decisions in a competitive marketplace.

● Topic 2.3 Making operational decisions – this topic focuses on meeting customer needs through the design, supply, quality and sales decisions a business makes.

● Topic 2.4 Making financial decisions – students will explore the tools a business has to support financial decision making, including ratio analysis and the use and limitation of a range of financial information.

● Topic 2.5 Making human resource decisions – growing a business means that decisions relating to organisational structure, recruitment, training and motivation need to be made to influence business activity. These aspects are considered in this final topic.

Is this course right for me?

Learners will want to have an interest in Business and possibly the idea of wanting to have a career based in this area. As the course requires a high demand of written coursework, you will be required to have a good standard of written English with the ability to work independently

How will I be assessed?

The course has 2 external exams. Bothe exams will take place in June Year 11.  Each exam is worth 90 marks and will last 90 minutes.    

Progression and career opportunities

Study of the qualification as part of Key Stage 4 learning will help learners to make more informed choices for further learning, either generally or in this sector. The choices that a learner makes post-16 will depend on their overall level of attainment and their performance in the qualification.

Learners who generally achieve at Level 2 Grade 4 in this subject can:-

• Study A Levels as preparation for entry into higher education in a range of subjects

• Study of a vocational qualification at Level 3, such as a BTEC National in Business, which prepares them to enter employment or apprenticeships, or to move on to higher education by studying a degree in the business sector.

 

How can I find out more about the course?

Speak to a Business Studies teacher

They will be located in the rooms in T13, and T2.

Subject leader of Business Mr M Kinsella who is based in T12 and is happy to answer any questions that students may have. 

Useful Links to help with the course

In order to find out more information about the course you can search the Edexcel website GCSE 9 - 1 Business Studies

https://qualifications.pearson.com/content/dam/pdf/GCSE/Business/2017/specification-and-sample-assessments/GCSE_Business_Spec_2017.pdf

 

Level 1 / 2 Tech Award Enterprise

Introduction

Level 1/Level 2 Tech Award in Enterprise (603/1916/1), is for learners who wish to acquire knowledge and skills through vocational contexts by studying the knowledge, behaviours and skills related to researching, planning, pitching and reviewing an enterprise idea as part of their Key Stage 4 learning. The qualification enables learners to develop their technical skills, such as market research skills, planning, promotional and financial skills using realistic work scenarios, and personal skills, (such as monitoring own performance, time management and problem solving) through a practical and skills-based approach to learning and assessment. Learners will acquire knowledge, understanding and skills to underpin their practical activities in assessment, which will complement their GCSEs.

 

Course structure for Years 9 - 11

Component No.

Title

Deadline

1

Exploring enterprises

December  Yr 10

2

 

Planning for and pitching an enterprise activity

 

November Yr 11

3

Promotion and finance for enterprise

May Yr 11

 

Component 1: Exploring enterprises

In this component, you will have the opportunity to develop knowledge and understanding of the different types of enterprise and their ownership, looking at the characteristics of small and medium enterprises (SMEs) and entrepreneurs with reasons for levels of success. You will understand the importance of having a clear focus on the customer and the importance of meeting their needs. Enterprises can struggle if they do not carry out market research. It is important for you to develop relevant skills in market research and to analyse and be able to interpret your findings to support your understanding of customers and competitors.

You will explore why enterprises are successful, looking at the impact of factors both inside and outside the control of the enterprise, and investigate ways in which situational analysis can be used to support decision making. You will discover how success can be monitored in an SME.

This component will give you an understanding of the factors that contribute to a successful enterprise. You will develop transferable skills, such as research and data analysis, which will support your progression to Level 2 or 3 vocational or academic qualifications.

 

Component 2: Planning for and pitching an enterprise activity

If you are going to succeed as an entrepreneur or as an innovator in business, you need to have great ideas and plan how you are going to put them into practice. Any enterprise needs to plan how it will succeed through working out how it can harness physical, financial and human resources – which means the skills that you and others bring. An entrepreneur will also have to pitch their ideas to an audience in order to secure funding.

In this component, you will use the research knowledge gained from Component 1 to consider a number of ideas before developing a plan for a realistic micro-enterprise activity. You will have the opportunity to plan how best to set up the chosen enterprise and how to fund it. You will need to take responsibility for creating and then delivering a pitch for your developed idea to an audience using your knowledge of business, and demonstrating entrepreneurial characteristics, qualities and skills. In the final part of the component you will use feedback to review your plan and pitch for the micro-enterprise activity, reflecting on your plan, your pitch and the skills you demonstrated when pitching.

Component 3:

The performance of an enterprise can be affected by both internal and external factors. To monitor and improve an enterprise’s performance, you need to be aware of the impact of these factors and the strategies you can use to make the most of opportunities and minimise any threats.

In this component, you will assess and analyse financial information in an enterprise context to monitor the performance of an enterprise and strategies to improve its performance. You will investigate cash flow forecasts and statements, exploring the effects that positive and negative cash flow can have on an enterprise, and suggesting ways to improve them. You will consider the different elements of the promotional mix in order to be able to identify target markets and put forward strategies that enterprises can use to increase their success in the future.

 

What is this course about?

Tech Award Level 1 / 2 Subsidiary in Enterprise will prepare you progress into employment of for further study in a Business related A Level. The course is equivalent to one GCSE.

Learners are assessed through 3 units requiring them to complete a high demand of coursework but with 1 external examination. As well as further education it can lead to roles in departments such as Finance, Operations Management, Distribution, Marketing and Human Resource Management.

Is this course right for me?

Learners will want to have an interest in Business and possibly the idea of wanting to have a career based in this area. As the course requires a high demand of written coursework, you will be required to have a good standard of written English with the ability to meet deadlines.

How will I be assessed?

The course is has 3 components.  2 coursework based component and 1 examination.  Each component will require you to complete a number of tasks based on the unit topic. All components will be graded at levels Pass, Merit and Distinction this will then be converted into a GCSE Level Grade 1 - 9

Progression and career opportunities

Study of the qualification as part of Key Stage 4 learning will help learners to make more informed choices for further learning, either generally or in this sector. The choices that a learner makes post-16 will depend on their overall level of attainment and their performance in the qualification.

Learners who generally achieve at Level 2 across their Key Stage 4 learning might consider progression to:

• A Levels as preparation for entry into higher education in a range of subjects

• study of a vocational qualification at Level 3, such as a BTEC National in Enterprise and Entrepreneurship, which prepares them to enter employment or apprenticeships, or to move on to higher education by studying a degree in the business sector.

 

How can I find out more about the course?

Speak to a Business Studies teacher

They will be located in the rooms in T13, and T2.

Subject leader of Business Mr M Kinsella who is based in T12 and is happy to answer any questions that students may have. 

 

Useful Links to help with the course

In order to find out more information about the course you can search the Tech Award Level 1 / 2 in Enterprise website

https://qualifications.pearson.com/content/dam/pdf/btec-tecawards/enterprise/2017/specification-and-sample- assessments/BTEC_L12_TechAwd_Enterprise_Spec_Iss3.pdf

 

 

BTEC Level 3 Subsidiary Business

Introduction

BTEC Level 3 Advanced Subsidiary is equivalent to one A Level. The course was designed so that students could have the opportunity to develop knowledge, develop transferable skills and personal skills in an area of interest to them the Business sector. This is gained by looking into case studies, outside professional speakers and individual research. Learners will cover 6 units across the two years and all work will be coursework based with no external examination.

Course structure for 12/13

Unit No.

Title

Deadline

2

Business Resources

December

1

 

The Business Environment

 

April

3

Introduction to Marketing

June

5

Business Accounting

December

4

Business Communication

April

9

Creative Product Promotion

June

 

Unit 2: Business Resources

This unit will give learners a broad understanding of the importance organisations place on managing their resources efficiently in order to achieve their objectives. It is important that learners are able to relate their understanding of resource management to a real organisation. This will provide an essential link between theory and practice.

The first part of this unit explores the range of human, physical and technological resources for a selected organisation. Learners will investigate the importance of managing these resources efficiently.

The second part of the unit explores the sources of financial resources available to organisations. The level of an organisation’s performance can be seen in its financial statements.

Unit 1: The Business Environment

The unit introduces learners to a range of business activities. They will consider the purposes of different organisations and the influence of stakeholders and how businesses organise themselves through strategic planning and organisational structures.

Learners will then explore the dynamic nature of organisations through studying the impact of external (political, legal and social) influences on business operations. Next, they will study the fundamental economic principles that impact on businesses. By studying two different business environments learners will gain some insight into how businesses operate in different parts of the world and how the development of a global marketplace impacts on all businesses.

 

Unit 3: Introduction to Marketing

This unit will introduce learners to some of the tools and techniques all types of organisations use to achieve their objectives.

Firstly, learners will explore how different types of organisations use marketing principles to meet the needs of their customers and achieve their objectives. The constraints under which organisations operate are important and learners will study the legal requirements and voluntary codes that affect marketing.

Learners will then go on to investigate how organisations collect data through market research and turn it into useful information which can be analysed and used to plan their marketing activities. The segmentation and targeting of groups of customers is a key marketing technique and this is studied in detail.

This includes the different bases for segmentation of both consumer and business markets. Next, learners will examine how a marketing mix is developed to meet the needs and aspirations of a targeted group of prospective customers, before going on to develop a marketing mix for a new product or service.

 

Unit 5: Business Accounting

The unit is divided into two parts. The first develops an understanding of the accounting processes necessary to provide accurate and relevant financial information. The second part covers the practical aspect of carrying out those accounting activities.

Learners will be introduced to accounting terminology as they study the purpose and function of accounting and consider the various categories of business income and expenditure. It is important to know the sources of an organisation’s income and the nature of its expenditure, as this clarifies the basis of its profitability and enables more effective control of the business. Control begins with the planning process and learners will study the use of a cash flow forecast which requires managers to set cash flow targets that can be monitored and adjusted on a regular basis. Learners will consider the effective management of cash flow and the implications of cash flow problems. The link between business failure and cash flow problems will be highlighted.

The measurement of an organisation’s financial performance and position requires an understanding of a basic profit and loss account and balance sheet, with this understanding learners can analyse profitability, liquidity and efficiency of the organisation through the application of ratio analysis

Unit 4: Business Communication

A business needs accurate and relevant information from internal and external sources in order to operate profitably. Proper collection of data creates an environment where informed decisions can be taken for the benefit of the business. In order to manage information effectively, there must be good communication systems within the organisation. Staff must possess good verbal and written skills in order to communicate and share information

Business information can be used to obtain competitive advantage and promote efficiency. Organisations generate information internally, recording details of products manufactured, purchased and sold, and their associated costs. Businesses use information to manage not only what is currently happening in the organisation but also to plan for the future and ensure their survival. Information is collected, stored, manipulated, analysed and reported to those who need to use it. People need to become skilled manipulators and users of information to ensure organisations become more efficient and succeed in achieving their stated purposes. Since the development of the personal computer and more recently the internet, communication methods have changed significantly. Gathering relevant information from a range of sources is a skill that needs to be developed using electronic and non-electronic sources.

Unit 9: Creative Product Promotion

The promotional side of marketing is probably the one most people are familiar with. We are exposed to marketing communications many times every day and they have become part of our environment. Within the marketing mix, the promotional aspects are concerned with this communication between the customer and the producer. This unit introduces learners to the basic concepts which are applied in the promotions industry.

Effective marketing communication and promotion depend on the understanding of customer behaviour, as well as being able to design promotional campaigns to achieve certain long or short term business objectives.

Modern information and communications technologies have had, and continue to have, a huge impact on this aspect of marketing and learners will explore current promotional campaigns, using some of the concepts included in this unit.

Learners will have the opportunity to consider different ways of promoting products, introducing the promotional mix at a simple level.

The role of advertising agencies and the media is also explored, along with the role of the internet. The choice of media, message and methods, in relation to objectives and constraints, is examined.

Learners will apply the theory by designing a promotional campaign for a selected product to meet the needs of a given campaign or creative brief.

 

What is this course about?

BTEC Level 3 Subsidiary in Business will prepare you for further and higher education. The course is equivalent to one A Level and will provide all learners with the opportunity of a route to roles within the Business sector.

Learners are assessed through 6 units requiring them to complete a high demand of coursework but with no external examination. As well as further education it can lead to roles in departments such as Finance, Operations Management, Distribution, Marketing and Human Resource Management.

Is this course right for me?

Learners will want to have an interest in Business and possibly the idea of wanting to have a career based in this area. As the course requires a high demand of written coursework, you will be required to have a good standard of written English with the ability to meet deadlines.

How will I be assessed?

The course is 100% coursework based, each unit will require you to complete a number of tasks based on the unit topic. Coursework will be graded at levels Pass, Merit and Distinction this will be moderated and grades will be given after moderation.

Progression and career opportunities

BTEC Level 3 Business will offer you the opportunity of further and higher education.

How can I find out more about the course?

Speak to a Business Studies teacher

They will be located in the rooms in T13, and T2.

Subject leader of Business Mr M Kinsella who is based in T12 and is happy to answer any questions that students may have. 

Useful Links to help with the course

In order to find out more information about the course you can search the BTEC Level 3 Business website

https://qualifications.pearson.com/en/qualifications/btec-nationals/business-2010.coursematerials.html#filterQuery=category:Pearson-UK:Unit%2FUnit-1-10&filterQuery=category:Pearson-UK:Category%2FSpecification

 

BTEC LEVEL 2 BUSINESS & FINANCE

Business and Finance is an applied qualification and is equivalent to one GCSE.  The fundamental philosophy of this course is that, in order to understand the nature of business, candidates will actively experience the business environment.  This is achieved using a variety of approaches including links with local employers, case studies and personal research.

Candidates for this course will study 4 units. This is a 3 year course but will be assessed in Year 11.

Course Structure for Year 11

Unit No

Title

Submission deadline

1

Enterprise in the business world

June

Year 11

2

Finance for business

(External exam)

December

Year 11

3

Developing Customer relations

January

Year 11

4

Recruitment, selection & employment

January

Year 11

Unit 1 Enterprise in the business world

The rationale for this unit is to allow learners to explore key introductory business theory, whilst using their own creativity and entrepreneurial skills to apply that theory to their own business idea.  By the end of this unit you will have a fully completed business plan.

Unit 2 Finance for business

This unit will prepare learners with the essential financial principles that underpin successful business. The unit introduces learners to types of costs businesses incur, from the initial start-up costs to the ongoing daily expenditure of running a business. Learners will also be introduced to financial planning tools (budgeting, cash flow forecasting) and how to measure the results using financial statements (profit & loss, balance sheet).

Unit 3 Developing customer relations

This unit will develop and broaden your understanding of customer service in different businesses. You will develop your knowledge and understanding of customer needs and expectations, as well as being able to identify a wide range of different types of internal and external customers. You will explore how customer service staff delivers service that meets the needs and expectations of the business’s customers through the range of products or services that it offers.

Unit 4 Recruitment, select & employment

In this unit you will be introduced to the variety of job roles which exist within businesses.  And the various departments that are performed by individual roles, as well as the types of organisational structures that exist.  Businesses use different documents to recruit and attract the most suitable candidates for their firm and you will have the opportunity to complete these documents and develop skills which will prepare you for the career of your choice.

What is this course about?

The BTEC in Business has been developed in the Business sector to:

Provide education and training for business employees and give opportunities for business employees to achieve a nationally recognised Level 2 vocationally specific qualification.

Give full-time learners the opportunity to enter employment in the business sector or to progress to vocational qualifications such as the Edexcel BTEC Level 3 Nationals in Business.

Give learners the opportunity to develop a range of skills and techniques, personal skills and attributes essential for successful performance in working life.  

You will study four areas :

Unit 1 : Enterprise in the Business World

Unit 2 : Finance for Business

Unit 3 : Developing Customer Relations

Unit 4: Recruitment, selection & employment

Is it the right course for me?

You should have an interest in business and you might want to start your own business one day.  

You need a good standard of written English, confidence with numeracy good time management skills and an ability to meet deadlines.  

How will I be assessed?

This course is assessed by 75% coursework and 25% exam.

The three coursework units (Units 1, 3 and 4) are graded at Level 2 Distinction, Merit or Pass or Level 1 Pass.

The examined unit (Unit 2) will be graded in the same way.

The coursework assessments allow learners feedback as they work towards achieving a defined set of learning aims.

The exam is an on-screen test of 1 hour in length.

At the end of the course unit scores are aggregated leading to achievement graded as  Pass, Merit, Distinction or Distinction* (equivalent to GCSE grades C, B, A or A* respectively)

Progression and career opportunities

The BTEC in Business will prepare you for further and higher education.

At HFCHS we run a Level 3 BTEC which is assessed by high production of coursework and would enable you to complete a single or double award, equivalent to 1 or 2 A Levels.

We also offer AS/A2 Levels in Business Studies

The qualification provides a route to employment into the many diverse areas of business.

These could include: roles in specialist areas such as marketing, finance, customer service or human resources in large organisations, or a more generic role in a small local business.

How can I find out more about the course?

Speak to any Business Studies teacher.

The rooms in which business is taught are : T1, T2 & T12

Subject Leader of Business Studies, Mr M Kinsella based in room T12 and is happy to answer any queries from students.

Useful links to help with the course

Pearson/Edexcel website

https://qualifications.pearson.com/en/home.html

Also find information to help with their studies by visiting the following websites:

www.businessstudiesonline.co.uk is packed with interactive revision games.

www.bbc.co.uk/schools/gcsebitesize/business/ contains notes, tests and links to other websites.

www.bbc.co.uk/news/business contains lots of great news stories that help put student learning into a real world context.

 

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What’s Coming Up 

September

Thursday 5th–10.00am -  Term starts for Year 7 and Year 11 only

Friday 6th-8.45am - Term starts for Years 8, 9 & 10

- 9.00am - Enrolment for Year 12

- 11.00am - Enrolment for Year 13

- Whole school photographs

Monday 9th at 8.45am - Term starts for Years 12 & 13

Wednesday 11th – 6.30pm - Year 12/13 Welcome Evening/Introduction to UCAS & Careers

Thursday 12th– Year 7 CHET trip

- Year 11 Welcome  Evening

Friday 13th – Year 7 CHET trip

Monday 16th Sept – INSET day – school closed to pupils

– Open Evening (6.00pm-9.00pm)

Tuesday 17th – 9.45am start for pupils

Friday 20th - Archbishop visit – HF 50 Year Celebration

For more information please see

Holy Family School Calendar

 

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Holy Family Catholic High School

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Thornton,

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         Tel: 0151 932 6106
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