Business Studies

Department Information

Business & Economics Year 9:

Summer/Autumn Term

At Key Stage 3 students can take a pre-option in Business & Economics. This term students in Year 9 will start to study Branding, Scarcity and Finance.

  • Branding
    • What is a brand?
    • What features make a brand successful?
    • How can a brand help a business?
    • Produce your own brand
  • Scarcity of resources scarcity – The Island
  • Finance
    • Costs – Fixed and variable
    • Sales revenue and profit
    • Break even analysis
    • Cake Game
    • Evaluation

Spring/Summer Term

At Key Stage 3 students can take a pre-option in Business & Economics. This term students in Year 9 will start to study the Government, Marketing Subway Challenge and Enterprise

  • Government challenge – Subway Challenge
    • Introduction to business and design
    • Research – Primary and secondary methods
    • Plan and design a Subway sandwich
    • Produce your creation
    • Evaluate
  • Enterprise
    • Business ideas and entrepreneurship
    • Develop a product idea
    • Marketing mix
    • Make your idea a reality
    • Enterprise Day
    • Evaluate

Summer/Autumn Term

At Key Stage 3 students can take a pre-option in Economics. This term students in Year 9 will start to study government, economic resources and exchange rates.

  • Government challenge
  • Scarcity of resources scarcity – The Island
  • Exchange rates – Book your holiday

Spring/Summer Term

At Key Stage 3 students can take a pre-option in Economics. This term students in Year 9 will start to study the stock market and externalities.

  • Stock market challenge
  • Externalities – government intervention
  • Supply and demand challenge

Year 10 or 11 GCSE (One Year Course):

Summer/Autumn Term

At Key Stage 4 students follow the Edexcel GCSE Business Studies Specification. This term students in Year 10/11 will start to study Unit 1: Introduction to Small Business and complete Unit 2: Investigating Small Business (controlled assessment). The focus points and specified content, as specified by the exam board, are as follows:

Unit 1: Introduction to Small Business

Topic 1.1 Spotting a business opportunity

  • Businesses
  • Understanding customer needs
  • Market mapping
  • Competition
  • Adding value
  • Franchising

Topic 1.2 Showing enterprise

  • What is enterprise?
  • Thinking creativity
  • Questions to be asked
  • Intervention and innovation
  • Taking a calculated risk
  • Important enterprise skills

 

Topic 1.3 Putting a business idea into practice

  • Objectives when starting up
  • The qualities shown by entrepreneurs
  • Estimating revenues, costs and profit
  • Forecasting cash flows
  • The business plan
  • Obtaining finance

Topic 1.4 Making the start-up effective

  • Customer focus and the marketing mix
  • The importance of limited liability
  • Start-up legal and tax issues
  • Customer satisfaction
  • Recruiting, training and motivating staff

Topic 1.5 The Economic Context

  • Demand and Supply
  • The impact of interest rates
  • The impact of exchange rates
  • The impact of the business cycle
  • Business decisions and stakeholders

Unit 2: Investigating Small Business (Controlled Assessment)

Overview of content

In this unit, students will use the content from Unit 1 to research, analyse and evaluate a selected task on enterprise issues.

Overview of assessment

  • This unit is internally assessed under controlled conditions
  • Students complete one Edexcel-set task with a total of 40 marks
  • Research/investigation – approximately two weeks of curriculum of time (a maximum of six hours)
  • Analysis/evaluation of task (final write-up) – approximately one week of curriculum time (a maximum of three hours)
  • The task is internally marked by teachers and moderated by Edexcel

Spring/Summer Term

At Key Stage 4 students follow the Edexcel GCSE Business Studies Specification. This term students in Year 10/11 will start Unit 3: Building a business. The focus points and specified content, as specified by the exam board, are as follows:

Unit 3: Building a Business

Topic 3.5 The wider world affecting business

  • Ethics in Business
  • Environmental issues
  • Economic issues affecting international trade
  • The impact of government and the EU

Topic 3.3 Effective Financial management

  • How to improve cash flow
  • How to improve profit
  • Break-even charts and break-even analysis
  • Financing growth

Topic 3.1 Marketing

  • Marketing
  • Product trail and repeat purchase
  • Product life cycle
  • Branding and differentiation
  • Building a successful marketing mix

Topic 3.2 Meeting customer needs

  • Design and research development
  • Managing stock
  • Quality
  • Cost effective operations and competitiveness
  • Effective customers service
  • Meeting consumer protection laws

Topic 3.4 Effective people management

  • Organisational structure
  • Motivation theory
  • Communication
  • Remuneration

Homework: Students can expect to be set homework occasionally to reinforce topic areas. Tasks may include research, reading or writing. If, for any reason, homework is not set pupils should use the resources on the VLE and/or revision guide to revise topics already covered.

Assessment: Assessment takes place through practice exam tasks and essays set in class and for homework. Grades and targets for assessments should be recorded on the student’s record sheet, in the front of their exercise book. Public examination of this unit will take place in the summer term of Year 10/11.

 

Departmental Staff

Miss Cockroft  – [email protected]

Mr Wootton

Mr Degun

Miss Bates

 

Clubs

The business department runs a school smoothie bar and various challenges over the academic year including; fantasy stock market, enterprise challenges and external competitions. Students will have the opportunity to participate in all these activities if desired.

 

Support Your Child – Useful links and advice

www.bbc.co.uk/bitesize

A useful website for all students, this includes videos and help guides to walk students through a variety of tasks.

www.tutor2u.net/blog/index.php/business-studies

This website is excellent or all students and provides many resources to support students understanding of business.

www.bbc.co.uk/learningzone/clips

An excellent resource for educational clips and information.

We also encourage students to purchase a revision guide and work book from the exam board that can be used at home to support the learning in school.

The Rodillian Academy