GCSE Business Studies

Why study Business?

Business Studies provides an excellent insight into the world of work and prepares students for life after high school. The course helps to develop essential life skills and provides an understanding of management structure, pay, production, taxation, global business and enterprise. Students study business of all sizes, from independent sole proprietors to massive multi-nationals. Many students choose to continue their studies at A ‘level and at university. The course provides an understanding of what business is and why it is so important to us all.

At The Hawthorne’s, we follow the two year WJEC GCSE Business course. It is assessed though one 2hour external exam in the summer of Year 11, worth 75% and through a 2,500 word written controlled assessment worth 25% and completed in the spring of year 11. Details of he controlled assessment are released to pupils in year 11.

 

WJEC GCSE Business Studies

Topics covered in the Autumn Term

Year 10

Assessment 1 – Week 9

Topics = different business sizes

Assessment 2 – Week 13

Topics – different business sizes

Business organisation

Business location

Business Size and Structure

You need to be able to define each of the following and give a benefit and drawback of each structure

Sole proprietor, Partnership, private and public limited companies, Franchise, Co-Operatives, Social Enterprise

Business Organisation

You must be able to read an organisation chart and identify the Span of control and the Chain of Command. You need to understand the importance of delegation

Business Location

You need to identify the reasons why businesses choose certain locations

Revision sites

BBC GCSE Business Bitesize – units – Aims and Organisation, Enterprise and Entrepreneurship,

Business Environment

http://resources.wjec.co.uk/Pages/ResourceSingle.aspx?rIid=499

Topics covered in the Autumn Term

Year 11

Assessment 1 – Week 9

Topics = Finance, Year 10 work

Assessment 2 – Week 12

Topics – Finance, Year 10 work, prep for controlled assessment

Topics- Finance :

Business Costs [fixed and variable], Break Even, Cash Flow, Sources of Finance [short/long, internal/external], Revenue and Profit, Trading, Profit and Loss accounts

You will need to know the benefits and drawbacks of using the following sources of finance:

Bank loan, retained profit, share issue, grant, H.P.

December – Controlled Assessment Prep.

 

Revision sites

BBC GCSE Business Bitesize – units – Aims and Organisation, Enterprise and Entrepreneurship, Business Environment, People [Year 10]

Business Environment, Production, Marketing, Finance [Year 11]

http://resources.wjec.co.uk/Pages/ResourceSingle.aspx?rIid=499