The main aims of the course are to introduce you to working in the business world and prepare you for further study, such as a BTEC National qualification or an appropriate A Level.
Business Studies – Key Stage 3
In Year 8 students will gain an Introduction to the following:
- Enterprise and Entrepreneurs
- Communication, Leadership and Good Business
- Personal Finance and Money Matters
The Key Stage 3 Business Studies curriculum seeks to develop pupils’ understanding of the world of work, business and how to manage their money effectively. Through this pupils can learn to understand different business environments and consider their use of money as consumers of a range of goods and services. It enables them to understand and explain business and financial terms and products. Enterprise activities can be used to develop pupils’ capability to understand business opportunities, manage money and understand risks and rewards.
Through incorporating aspects of business, finance and economic understanding into the curriculum, pupils have an opportunity to gain insight that will support them in the future and may lead to an interest in pursuing Business Studies at Key Stage 4 as a subject in its own right.
What subjects/units will I study?
There are 2 core units:
Unit One: Enterprise in the Business World
This unit allows you to explore key introductory business theory, whilst using your own creativity and entrepreneurial skills to apply that theory to your own business idea. The unit content is designed to inform and inspire you to develop your own realistic business models and demonstrate them in the form of an internal assessment.
Unit Two: Financial records
This unit will prepare you with the essential financial principles that underpin successful business. The unit will introduce you to types of costs businesses incur, from the initial start-up costs to the ongoing daily expenditure of running a business. You will also be introduced to financial planning tools (budgeting, cash flow forecasting) and how to measure the results using financial statements (profit & loss, balance sheet).
There are also 2 specialist units:
Unit Three: Promoting a Brand
A successful business promotes itself to customers through its brand and image. In this unit, you will find out what it takes a build a brand and what a business has to consider when planning brand development. You will investigate the importance of branding to a business, the types of branding that are available and why businesses need to review and update their brands.
Unit Four: Recruitment, Selection and Employment
In this unit you will learn how businesses are structured, or organised, so that people can do their jobs effectively. All businesses need to carry out certain functions and these are usually represented by specific departments, such as sales, finance and production. You will find out about different job roles and how the structure of the organisation can affect these.
How will I be assessed?
Business Studies is assessed using two methods.
There are Controlled Assessment projects which goes towards 75% of your final GCSE grade.
The other 25% is based on a finance examination.
What next after GCSEs?
The BTEC in Business Studies allows students to progress in many different directions. Students may wish to progress directly into employment within the Business Industry or into further education. Business Studies is available to study at college and University at A-Level or as an Applied A-level, and to degree level.