Ysgol Abersychan School

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Business studies: Astudiaethau busnes

BUSINESS STUDIES

Subject Leader:  Mrs S. Edwards ( staff3054@abersychan.schoolsedu.org.uk)

Business Studies at Abersychan School is taught in a large ICT suite in the main building and is taught by Subject Leader Mrs Edwards who is an experienced subject specialist.

There is no specific requirement for prior learning with the WJEC specification. It builds upon the knowledge, understanding and skills acquired at Key Stages 1-3 in a wide range of subjects.

GCSE BUSINESS STUDIES

Year 10 Units

Business Framework

·      understand why and how businesses start - the functions of the entrepreneur;

·      demonstrate understanding, in theory and practice of the following types of business organisations: sole traders, partnerships, private and public limited companies and social enterprises such as co-operatives and charities;

·      select the most appropriate business structure for a firm to adopt by considering issues such as aims and objectives, formation, ownership, management, control, liability, size, sources of finance, distribution of profits.

Businesses and their customers

·      appreciate the importance of market research in identifying customer needs;

·      present, interpret and use market research findings in written, numerical and graphical form in order to aid decision-making;

·      explain how and why markets are segmented;

·      demonstrate an understanding of the product life cycle;

·      demonstrate knowledge and critical understanding of the marketing mix;

·      recognize marketing constraints imposed by consumers;

Producing goods and services

·         explain the methods of production in relation to both quality and quantity produced;

·         understand how waste can be minimised through the efficient use of resources;

·         use break-even analysis as an aid to decision making;

·         explain how and why businesses grow both internally and externally;

·         identify the factors affecting the location of production and retail units;

·         explain the importance of international trade to business and identify the resulting problems;

 

Year 11Units

Human Resource planning

Candidates should be able to:

·   understand the processes by which businesses recruit the right staff;

·       demonstrate knowledge and understanding of the roles, responsibilities and relationships of employers and employees;

·       demonstrate an understanding of organisation charts, e.g. hierarchy, span of control and chain of command;

·       know the means and importance of effective communication;

·       explain how management can achieve motivation through effective leadership;

·       distinguish between gross and net pay and the role of money and nonmonetary incentive in achieving motivation.

The External Environment

Candidates should understand the impact on business of:

·      the activities of competitors;

·      the changing use of ICT in business and economic activity;

·      technology in terms of production techniques and new products;

·      environmental factors (including sustainability), cultural and ethical issues;

·      government legislation;

·      the macro-economic environment: including tax rates; rates of interest;

·      exchange rates; employment levels; inflation rates and the general level of economic activity;

·      unforeseen events e.g. natural disasters, adverse weather conditions, disease in livestock.

Business Finance and Control

·       distinguish between the main internal and external forms of finance for business;

·       know how the business plan functions as a tool for aiding decision making and securing financial backing for business ventures;

·       interpret cash flow forecasts and explain why they are an important aid to decision making;

·       use profit and loss accounts and balance sheets to critically appraise business performance.

 

Assessment

Written Paper 75% (2 hours) 100 marks

  • One paper which will be targeted at the full range of GCSE grades.
  • Compulsory short-answer questions and compulsory questions based on stimulus material. Some of these questions will require extended writing and will assess the quality of written communication.

Controlled Assessment (25%) 60 marks

 

HOMEWORK

A past paper questions will be set as homework at the end of each topic and you will also sit a mock exam after every unit.  All homework will be set via www.showmyhomework.co.uk, which can be accessed by pupils’ individual pin.

 

REVISION

A range of revision activities and resources can be found at:

http://www.bbc.co.uk/education/subjects/zpsvr82 - BBC Bitesize

https://revisionworld.com/gcse-revision/business-studies - Revision World

http://resources.wjec.co.uk/Pages/ResourceSingle.aspx?rIid=499 – WJEC resources

 

PAST PAPERS

http://pastpapers.download.wjec.co.uk/s12-4080-01.pdf   Summer 2012

http://pastpapers.download.wjec.co.uk/s13-4080-01.pdf  Summer 2013