What Will I Learn?
Business Studies requires students both to understand the dynamic environment in which business operates and to appreciate the many and varied factors which impact upon business behaviour. Students will work towards gaining an understanding of the issues facing UK businesses in the 21st Century. Regular reference will be made to the business world. The topics to be studied include: Marketing—The 4 Ps, Market Research, Market Segmentation and Market Mapping Entrepreneurs—Skills required to set up a business, the different business formats you can use and the problems with setting up your own business Finance—Cash flow, costs, revenue and profit calculations, break even, performance measurements. The course will require some basic GCSE Maths level calculations. Economic Factors—Inflation, unemployment, business cycle, monetary and fiscal policy and exchange rates Production methods Job, Batch and Flow production, quality and stock control Pay and Motivation different forms of remuneration, motivation theorists and organisation structures.
How Am I Assessed?
2 x 90 minute exam papers, each with a mixture of multiple-choice, short answer and essay questions. The essay questions will be linked to short case studies which you must use to support your answers. Please note we spend a lot of time in lessons ensuring all students can produce the high standard of writing required to reach grades 8 and 9.
What Career Options Do I Have?
Business Studies lends itself to a wide range of possible career options. Students have previously gone onto University to study Accounting, Business Studies, Economics, Finance, Marketing and Human Resources as well as other non-business related university courses. The subject is also useful for anyone wishing to start their own business or for anyone with an interest in business in general. The skills taught in Business Studies can be used in most jobs as they provide you with an understanding of how businesses are organised, motivated and deliver their targets.