Business
Head of Department: Miss E Izegbu - e.izegbu.scs@osborne.coop
The study of Business offers students an understanding of the key areas of business, from marketing to human resources and from finance to production. Students will be able to discuss what is happening in the economy today, for example the impact that changes in interest rates or unemployment levels have on businesses and workers.
Business is not taught at Key Stage 3 but is available as an option to study at Key Stage 4.
Year 11 Course Title: GCSE Business
Exam Board & Code: OCR J204 Full GCSE Course Specification (PDF)
Assessment:
Paper 1 - 50% (80 marks) - 1 hour 30 min written paper
Paper 2 - 50% (80 marks) - 1 hour 30 min written paper
GCSE Course Study Breakdown (Key Stage 4)
The following content is delivered over years 9-11, but not necessarily in this order
Business 01: Business Activity, Marketing and People
Study Section 1 - Business Activity
1.1 The role of business enterprise and entrepreneurship
1.2 Business planning
1.3 Business ownership
1.4 Business aims and objectives
1.5 Stakeholders in business
1.6 Business growth
Study Section 2 - Marketing
2.1 The role of marketing
2.2 Market research
2.3 Market segmentation
2.4 The marketing mix
Study Section 3 - Marketing
3.1 The role of human resources
3.2 Organisational structures and different ways of working
3.3 Communication in business
3.4 Recruitment and selection
3.5 Motivation and retention
3.6 Training and development
3.7 Employment law
Business 02: Operations, Finance and Influences on Business
Study Section 4 - Operations
4.1 Production processes
4.2 Quality of goods and services
4.3 The sales process and customer service
4.4 Consumer law
4.5 Business location
4.6 Working with suppliers
Study Section 5 - Finance
5.1 The role of the finance function
5.2 Sources of finance
5.3 Revenue, costs, profit and loss
5.4 Break-even
5.5 Cash and cash flow
Study Section 6 - Influences on business
6.1 Ethical and environmental considerations
6.2 The economic climate
6.3 Globalisation
Study Section 7 - The Interdependent Nature of Business