Business Exam Board: Edexcel
Theme 1 - Marketing and People
This theme enables students to understand how businesses identify opportunities and explore how businesses focus on developing a competitive advantage through interacting with customers. Students develop an understanding of how businesses need to adapt their marketing to operate in a dynamic business environment. This theme also considers people, exploring how businesses recruit, train, organise and motivate employees, and considers the role of enterprising individuals and leaders.
Theme 2: Managing Business Activities
This theme enables students to develop an understanding of raising and managing finance, and measuring business performance. The theme outlines the importance of using resources efficiently within a business to ensure that goods or services can be delivered effectively and efficiently, and to a high quality. Students also consider the external influences that have an impact on businesses, including economic and legal factors.
Theme 3 - Business decisions and strategy
This theme moves from functions to strategy, enabling students to develop their understanding of the core concepts and to take a strategic view of business opportunities and issues. Students analyse corporate objectives and strategy against financial and non-financial performance measures and how businesses grow, and develop an understanding of the impact of external influences. The theme covers the causes and effects of change and how businesses mitigate risk and uncertainty.
Theme 4 - Global Business
Students investigate businesses that trade on a global scale and explore their reasons for doing so. Students develop an understanding of the globally competitive environment and consider the ethical and moral dimensions of global business activities. Students are expected to investigate different types and sizes of organisation in various business sectors and environments.
For all themes, students are expected to investigate different types and sizes of organisation in various business sectors and environments, and in local, national and global contexts.
This qualification is linear; students will sit all exams at the end of their two-year course.
100% Examination – Three exams.
Business is of great relevance to higher education and to management and professional careers. Students have gone on to a variety of Degree courses including Business Management, Law, Accounting/Finance, Business Information Systems, Business Administration and Event Management.
5 good GCSE results, or grade equivalents, including grade 5 in English and Maths, students must feel confident in dealing with numbers due to the finance content. They should have at least a Merit if they took BTEC First in Business or grade 5 in GCSE Business. Students do not need to have studied Business previously to be successful on this course. An interest in current business stories in the news is important.