About the course
'The holistic design of this specification reflects the collaborative way businesses in the real world work and ensures students gain a clear understanding of each departments role.'
Aims and Learning Outcomes
- know and understand business concepts, business terminology, business objectives, the integrated nature of business activity and the impact of business on individuals and wider society
- apply knowledge and understanding to contemporary business issues and to different types and sizes of businesses in local, national and global contexts
- develop as enterprising individuals with the ability to think commercially and creatively to demonstrate business acumen, 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 and understanding of business
- develop and apply quantitative skills relevant to business, including using and interpreting data.
Maths techniques required
The list below states the range and extent of mathematical techniques appropriate to GCSE in Business. This specification requires students, to apply these skills to relevant business context including:
- percentages and percentage changes
- 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.
- 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.
100% exam based with no non-exam assessment.
• Two equally weighted components of one hour and 45 minutes, worth 90 marks each.
• Assessment uses a mixture of question styles such as multiple choice, short answer and extended response questions.
Two Year Scheme of Work
Students apply their knowledge and understanding to different business contexts ranging from small enterprises to large multinationals and businesses operating in local, national and global contexts. Students develop an understanding of how these contexts impact on business behaviour.
Students will apply their knowledge and understanding to business decision making including: