A Level Course Listing

Business

Business is a well-rounded and varied, holistic and accessible subject which will add value to anyone that chooses to study it. Business is a central fact of life and, regardless of which career you choose to pursue, business acumen will always stand you in good stead as it will provide you with a broad range of skills in finance, marketing and more.

What is it?

Business is a dynamic subject looking at interrelated areas including:

i. Finance
ii. Marketing
iii. Human resources
iv. Operations management
v. The external environment within which a business has to operate
vi. The developing and implementation of objectives and strategy

What will you study?

As a Business student you will learn about how business organisations work and what factors can drive great ideas forward. You will learn to look at a business from the perspective of different stakeholders to enable you to better understand how all the elements that make up a business fit together. You will not only cover the knowledge required for understanding and interpreting a range of topics, but you will also be shown how to set this in context and so move into real life situations.

Course Outline – Business

Examination Board: Edexcel 9B SO

Entry Requirements

At least a grade 6 at GCSE (Business, if studied) or at least a grade 6 in Maths.

What is the structure of the course?

Students are introduced to business in Themes 1 and 2 through building knowledge of core business concepts and applying them to business contexts to develop a broad understanding of how businesses work. Breadth and depth of knowledge and understanding, with applications to a wider range of contexts and more complex business information, are developed in Themes 3 and 4, requiring students to take a more strategic view of business opportunities and issues.

How is Business different to Economics?

Business focuses on the internal management and organisation of different business functions and how they relate to the external environment. It looks at the impact of business, big and small, on the world and how the world impacts on a business.

Businesses are decision making units and Business A Level looks at the impact of decisions made by businesses and involves the practical application of theory to decision making.

Economics is a theoretical and applied study of how scarce resources are allocated within an economy. Economics looks at the economy from both an individual point of view and from the perspective of society as a whole. You need to be able to handle abstract ideas and critique real-world application of different theories.

Theme 1

i. Marketing and people
ii. Meeting customer needs
iii. The market
iv. Marketing mix and strategy
v. Managing people
vi. Entrepreneurs and leaders

Theme 2

vii. Managing business activities
viii. Raising finance
ix. Financial planning
x. Managing finance
xi. Resource management
xii. External influences

Theme 3

xiii. Business decisions and strategy
xiv. Business objectives and strategy
xv. Business growth
xvi. Decision making techniques
xvii. Influences on business decisions
xviii. Assessing competitiveness
xix. Managing change

Theme 4

xx. Global business
xxi. Globalisation
xxii. Global markets and business expansion
xxiii. Global marketing
xxiv. Global industries and companies

How is it assessed?

There are three written papers that require responses to a case study scenario. Questions will be drawn from local, national and global contexts.
Paper 1 tests Themes 1 and 4
Paper 2 tests Themes 2 and 3
Paper 3 assesses content across all four themes.
For Paper 3, there will be a pre-released context document focusing on a broad context, such as an industry or market in which businesses operate.

What subjects are usually studied alongside Business?

A huge range, for example:
Geography, Psychology, Business
History, English, Business
Media, PE, Business
Politics, Art, Business