Business
Why is the subject important?
The Business GSCE qualification will equip our learners with the skills and confidence to explore how different business situations affect business decisions. This qualification is a well-rounded introduction to the subject. The qualification will encourage learners to make informed choices about a wide range of further learning opportunities and career pathways as well as develop life skills that enables students to become financially and commercially aware.
OCR51ÁÔÆæ™s GCSE (951ÁÔÆæ“1) in Business aims for all our students to:
- Know and understand business concepts, business terminology, business objectives, the integrated nature of business activity and the impact of business on individuals and wider society
- Apply knowledge and understanding to contemporary business issues and to different types and sizes of businesses in local, national and global contexts
- Develop as enterprising individuals with the ability to think commercially and creatively to demonstrate business acumen, and draw on evidence to make informed business decisions and solve business problems
- Develop as effective and independent students, and as critical and reflective thinkers with enquiring minds
- Use an enquiring, critical approach to make informed judgements
- Investigate and analyse real business opportunities and issues to construct well-argued, well-evidenced, balanced and structured arguments, demonstrating their depth and breadth of understanding of business
- Develop and apply quantitative skills relevant to business, including using and interpreting data.
BTEC Digital Information Technology
What will I be studying?
- Yr1 – Business Activity
- Understand the role of business enterprise and entrepreneurship.
- Identify the characteristics of successful entrepreneurs.
- Explore the purpose and components of a business plan.
- Compare different forms of business ownership.
- Understand key business aims and objectives.
- Recognise different stakeholders and their influence.
- Explain methods of business growth.
Yr1 51ÁÔÆæ“ Marketing Ìý
- Understand the role and importance of marketing in a business.
- Explain the purpose and methods of market research.
- Identify and describe different methods of market segmentation.
- Understand the elements of the marketing mix: Product, Price, Place, Promotion.
- Evaluate how marketing strategies are used to attract and retain customers.
Ìý
Yr1 – People
- Understand the role of human resources in a business.
- Explore different organisational structures and their impact.
- Evaluate methods of communication used in business.
- Understand the recruitment and selection
- Identify motivation and retention
- Explain the importance and types of training.
- Understand how employment law protects workers.
Ìý
Yr1 – Operations
- Understand different types of production methods and their suitability.
- Recognise the importance of quality in production and customer satisfaction.
- Understand different selling methods and the importance of customer service.
- Know how consumer law protects customers and impacts businesses.
- Identify factors influencing business location.
- Understand the role of suppliers and procurement in business operations.
Ìý
Yr2 – FinanceÌý
- Understand the purpose of the finance function within a business.
- Identify and evaluate different sources of finance.
- Calculate and interpret financial data including revenue, costs, and
- Understand breakeven analysis and its use in decision-making.
- Interpret cash flow forecasts and understand their role in financial planning.
Ìý
Yr2 – Influences in Business
- Understand the importance of ethical and environmental responsibility in business decisions.
- Analyse how changes in the economic climate influence business operations and decision-making.
- Explain globalisation and its impact on UK businesses, including international trade and expansion.
- Assess the benefits and drawbacks of locating or operating
- Recognise how businesses respond to external changes across departments like HR, finance, operations, and marketing.
How will I be assessed?
Students will be assessed using three assessments throughout the year 1; these will take place in Term 2, Term 4 and Term 6.51ÁÔÆæ¯The assessments will cover the content students learn within the lesson and will be both knowledge and skill based.ÌýIn year 2 trial exams based on past GCSE papers will be used at key points in the year.
Which websites should I use to support my learning?
