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Examination Board Edexcel (1BS0)
Subject Leader Mrs Rorke
Exam board link https://qualifications.pearson.com/en/qualifications/edexcel-gcses/business-2017.html
The aims and objectives of this qualification are to enable 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.
Learners can apply knowledge and understanding to contemporary business issues and to different types and sizes of businesses in local, national and global contexts and 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.
Learners can develop as effective and independent students, and as critical and reflective thinkers with enquiring minds use an enquiring, critical approach to make informed judgements and 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.
Theme 1 concentrates on the key business concepts, issues and skills involved in starting and running a small business. It provides a framework for students to explore core concepts through the lens of an entrepreneur setting up a business.
Theme 2 examines how a business develops beyond the start-up phase. It focuses on the key business concepts, issues and decisions used to grow a business, with emphasis on aspects of marketing, operations, finance and human resources. Theme 2 also considers the impact of the wider world on the decisions a business makes as it grows.
Theme 1 comprises five topic areas.
- Topic 1.1 Enterprise and entrepreneurship
- Topic 1.2 Spotting a business opportunity
- Topic 1.3 Putting a business idea into practice
- Topic 1.4 Making the business effective
- Topic 1.5 Understanding external influences on business
Theme 2 comprises five topic areas.
- Topic 2.1 Growing the business
- Topic 2.2 Making marketing decisions
- Topic 2.3 Making operational
- Topic 2.4 Making financial decisions
- Topic 2.5 Making human resource decisions
Paper 1: Theme 1 – Investigating small business (1 hour 45 minutes)
Paper 2: Building a business (1 hour 45 minutes)