Welcome to Business

Welcome Business Studies at Newark Academy.

Business Studies is always a popular subject with our students here at our Academy and our aim is to inspire, motivate and engage all our students and to develop a passion for Business beyond our curriculum.

We offer two courses at GCSE:

GCSE Business – Edexcel

Theme 1: Investigating small business

Written examination: 1 hour and 30 minutes 50% of the qualification 90 marks

Content overview

● Topic 1.1 Enterprise and entrepreneurship

● Topic 1.2 Spotting a business opportunity

● Topic 1.3 Putting a business idea into practice

● Topic 1.4 Making the business effective

● Topic 1.5 Understanding external influences on business

Assessment overview

The paper is divided into three sections: Section A: 35 marks Section B: 30 marks Section C: 25 marks. The paper will consist of calculations, multiple-choice, short-answer and extended-writing questions. Questions in Sections B and C will be based on business contexts given in the paper.

Theme 2: Building a business

Written examination: 1 hour and 30 minutes 50% of the qualification 90 marks

Content overview

● Topic 2.1 Growing the business

● Topic 2.2 Making marketing decisions

● Topic 2.3 Making operational decisions

● Topic 2.4 Making financial decisions

● Topic 2.5 Making human resource decisions

Assessment overview The paper is divided into three sections: Section A: 35 marks Section B: 30 marks Section C: 25 marks. The paper will consist of calculations, multiple-choice, short-answer and extended-writing questions. Questions in Sections B and C will be based on business contexts given in the paper.

Vocational Business – OCR

Students will study three units as part of the Enterprise and Marketing topic:

  • Enterprise and marketing concepts – Students will develop an understanding of how and why customer segmentation is used and how to target a customer market. They will also develop an understanding of how to attract and retain customers and the techniques to use when developing products and how to investigate what makes a product viable. This unit is assessed through an external exam.
  • Design a business proposal – Students will develop a business proposal for a given scenario where they will need to develop a new product based on a customer profile. They will develop their market research skills in this unit. This unit is assessed through coursework.
  • Market and pitch a business proposal – Students will create a brand identity and promotional plan for their product proposal in the previous unit. This unit will be assessed through coursework

1 exam unit - 50%

2 coursework units - 25% each unit

And we have also introduced Business into our 6th form provision

A Level Business – Edexcel

Theme 1: Marketing and people

· meeting customer needs

· the market

· marketing mix and strategy

· managing people

· entrepreneurs and leaders.

Theme 2: Managing business activities

·raising finance

· financial planning

· managing finance

· resource management

· external influences.

Theme 3: Business decisions and strategy This theme develops the concepts introduced in Theme 2.

· business objectives and strategy

· business growth

· decision-making techniques

· influences on business decisions

· assessing competitiveness

· managing change.

Theme 4: Global Business

This theme develops the concepts introduced in Theme 1.

· globalisation

· global markets and business expansion

· global marketing

· global industries and companies

How will you be assessed?

Paper 1: Marketing, people and global businesses: 2 hours

35% of the total qualification Overview of content Paper 1 will assess marketing, people and global businesses. Questions will be drawn from Themes 1 and 4, and from local, national and global contexts

Paper 2: Business activities, decisions and strategy 2 hours

35% of the total qualification Overview of content Paper 2 will assess business finance and operations, business decisions and strategy. Questions will be drawn from Themes 2 and 3, and from local, national and global contexts.

Paper 3: Investigating business in a competitive environment: 2hours

30% of the total qualification Overview of content Paper 3 will assess content across all four themes. Questions will be drawn from local, national and global contexts, using a pre-release case study.

Many students go on to study Business further at A Level and on to University where they specialise in many areas such as Marketing, Accountancy, Human Resources and Business Management. Some students go straight into an apprenticeship or a business where they learn and develop key skills on the job.

Links to useful resources

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