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)

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