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Business Studies – GCSE

Exam Board: Edexcel
Specification Number: 1BS0

What will be studied

Students will explore the key themes within the business world. 

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. Students must develop an understanding of the interdependent nature of business activity through interactions between business operations, finance, marketing and human resources, as well as the relationship between the business and the environment in which it operates. Students must understand how these interdependencies and relationships underpin business decisions. 

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. Students must develop an understanding of the interdependent nature of business activity through interactions between business operations, finance, marketing and human resources, as well as the relationship between the business and the environment in which it operates. Students must understand how these functional areas influence business activity and how interdependencies and relationships between them underpin business decisions.

Learning Methods

The GCSE Business at Links Academy Hatfield encourages students to explore a range of learning methods to enhance their understanding of the Business world. This incorporates a variety of learning styles to ensure that all students have opportunities to access subject content. 

The subject content has been organised into themes according to business contexts to ensure a holistic approach is adopted throughout the course of study. This develops students’ understanding of the interdependent nature of business activity, business operations, finance, marketing and human resources as well as external influences within a business context. It also supports students in applying their knowledge and understanding of how these interdependencies underpin business decision making. Both themes in the subject content represent this holistic approach through the application to different business contexts. This approach allows students to draw on knowledge and understanding from across their course of study as appropriate in any question on either paper. It also provides the basis for contextualised responses which is a key business skill.

Expectations of Students

The qualification is based on 120 hours of guided learning time and the expectation for all students taking this subject would be to fully participate in lessons completing all work set  to the best of their ability. 

The structure of lessons will combine teacher-led activities and independent study personalised to student’s needs. Students will be required to complete work on different case studies and exam style questions, preparing students for their exams.

How is the course assessed

The GCSE (9-1) Business qualification is assessed through two examinations in May/June. 

  • Assessments are 1 hour and 30 minutes 
  • Both assessments are out of 90 marks
  • Questions will relate to the content that appears in Theme 1 and 2. These themes may crossover to show knowledge and understanding
  • The paper is divided into three sections 
  • Section A- 35 Marks
  • Section B- 30 Marks 
  • Section C- 25 Marks 
  • The papers will consist of calculations, multiple-choice, short-answer and extended writing questions

What websites are recommended

https://qualifications.pearson.com/en/qualifications/edexcel-gcses/business-2017.html 

www.bbc.co.uk/bitesize/subjects/zpsvr82 

https://app.senecalearning.com/

What equipment is needed

Students will be provided with all materials and resources required for the course.

Career Paths/Next Steps

This qualification in business will: 

  • enable students to understand more about the business world 
  • motivate and challenge students, and prepare them to make informed decisions about further study and career pathways. 

Students can progress from this qualification to a number of different academic and vocational qualifications at Level 3, including GCEs in Business, History, Geography, Economics and Psychology and BTEC Nationals in Business. The knowledge and skills gained from GCSE Business support students’ entry into employment or other training in specific aspects of business, such as apprenticeships and vocational qualifications which focus on more specialised business areas. GCSE Business provides a strong foundation for employment, with students progressing, with further training, to a wide range of careers training such as banking, sales, product management and general management.