Entry requirements: GCSE grade 5 in Business
If the subject has not been studied at GCSE: GCSE grade 5 in English Language or English Literature and Mathematics
Business is structured into four themes and consists of three externally examined papers. Students are introduced to business in Themes 1 and 2 through building knowledge of core business concepts and applying them to business contexts to develop a broad understanding of how businesses work. Breadth and depth of knowledge and understanding, with applications to a wider range of contexts and more complex business information, are developed in Themes 3 and 4, requiring students to take a more strategic view of business opportunities and issues. Students are encouraged to use an enquiring, critical and thoughtful approach to the study of business, to understand that business behaviour can be studied from a range of perspectives and to challenge assumptions.
Assessment will take place in May/June of Year 2 and will consist of three papers
• Paper 1 (2 hours, worth 35%) will assess marketing, people and global business. Questions will be drawn from Themes 1 and 4, and from local, national and global contexts.
• Paper 2 (2 hours, worth 35%) will assess business finance and operations, business decisions and strategy. Questions will be drawn from Themes 2 and 3, and from local, national and global contexts.
• Paper 3 (2 hours, worth 30%) will assess content across all four themes. Questions will be drawn from local, international and global contexts. For Paper 3, there will be a pre- released context document. The context will focus on a broad context, such as an industry or market in which businesses operate.
At least 10% of the marks on all papers will require students to use mathematical skills.
This course offers students the chance to develop skills, knowledge and understanding which prepares them for entry to the workplace, perhaps on an apprenticeship in business finance or management or onto a university course. Many students have, in the past, gone into higher education degree courses in business or specific aspects of business. An increasing minority are finding apprenticeships with big accounting firms, manufacturing firms and public sector organisations.