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Business Studies

Curriculum courses:

Cambridge International Board (CIE) IGCSE Business Studies

Pearson Edexcel International Advanced Subsidiary in Business Studies

Pearson Edexcel International Advanced Level in Business Studies

IGCSE Business Studies (Y10 and Y11 Key Stage-4)

Cambridge IGCSE Business Studies is accepted by universities and employers as proof of an understanding of business concepts and techniques across a range of different types of businesses. Successful Cambridge IGCSE Business Studies learners will be able to:

  • understand different forms of business organisations, the environments in which businesses operate and business functions such as marketing, operations and finance
  • appreciate the role of people in business success.

They will also gain lifelong skills, including:

  • the ability to calculate and interpret business data
  • communication skills needed to support arguments with reasons
  • the ability to analyse business situations and reach decisions or judgements.

Syllabus aims

The aims, which are not listed in order of priority, are to enable candidates to:

  • make effective use of relevant terminology, concepts and methods, and recognise the strengths and limitations of the ideas used in business
  • apply their knowledge and critical understanding to current issues and problems in a wide range of business contexts
  • distinguish between facts and opinions, and evaluate qualitative and quantitative data in order to help build arguments and make informed judgements
  • appreciate the perspectives of a range of stakeholders in relation to the business environment, individuals, society, government and enterprise
  • develop knowledge and understanding of the major groups and organisations within and outside business, and consider ways in which they are able to influence objectives, decisions and activities
  • develop knowledge and understanding of how the main types of businesses are organised, financed and operated, and how their relations with other organisations, consumers, employees, owners and society are regulated
  • develop skills of numeracy, literacy, enquiry, selection and use of relevant sources of information, presentation and interpretation 8 develop an awareness of the nature and significance of innovation and change within the context of business activities.

Syllabus content at a glance:

Section Topics 1.

Sections Topics
1.Understanding Business Activity •      Business activity

·         Classification of businesses

·         Enterprise, business growth and size

·         Types of business organization

·         Business Objectives and Stakeholder objectives

 

2. Marketing ·         Marketing, competition and the customer

·         Market Research

·         Marketing Mix

·         Marketing Strategy

3. People in Business ·         Motivating workers •

·         Organisation and management •

·         Recruitment, selection and training of workers

·          Internal and external communication

4. Operations Management ·         Production of goods and services •

·         Costs, scale of production and break-even analysis

·          Achieving quality production

•      Location decisions

5. Financial information and decisions ·         Business finance: needs and sources

·         Cash-flow forecasting and working capital

·         Income statements

·         Balance sheets

·         Analysis of accounts

6. External influences on business activity ·         Government economic objectives and policies

·         Environmental and ethical issues

·         Business and the international economy

Assessment and Progression

For Cambridge IGCSE Business Studies, candidates take two compulsory components, Paper 1 and Paper 2. Both question papers will draw on topics taken from the whole of the syllabus content. All candidates are eligible for grades A* to G.

Paper 1 is 1 ½ hour exam.  It is a written examination consisting of four questions requiring a mixture of short answers and structured data responses. Candidates answer all questions. Total marks for this paper is 80 marks. The paper weighs 50% of the overall IGCSE mark.

Paper 2 is also 1 ½ hours.  It is a written examination consisting of four questions based on a case study, provided as an Insert with the paper. Candidates answer all questions. Total marks for this paper is 80 marks, and this paper weighs 50% of the overall IGCSE mark.

Candidates who are awarded grades A* to C in Cambridge IGCSE Business Studies are well prepared to follow courses leading to Cambridge International AS and A Level Business Studies, or the equivalent.

International Advanced Level in Business Studies

(Y12-Y13 Key Stage 5)

Covering business in a global context, the Edexcel International Advanced Level in Business Studies is designed to be studied over two years, with the option of a one-year AS level course.

An IGCSE qualification in Business Studies is not a prerequisite for study of the subject at Advanced Level, but it is highly recommended since it builds on the knowledge and skills developed from the IGCSE Business Studies Course.

Aims:

The aims of the International Advanced Level qualifications in Business Studies are to enable students to: „

  • develop an interest in and enthusiasm for the study of business „
  • gain a holistic understanding of business „
  • develop a critical understanding of organisations and their ability to meet society’s needs and wants „
  • understand that business behaviour can be studied from a range of perspectives
  • generate relevant solutions to business problems and issues „
  • be aware of the ethical dilemmas and responsibilities faced by organisations and individuals „
  • acquire a range of relevant business and generic skills, including decisionmaking, problem solving, the challenging of assumptions and the quantification and management of information.

IAS/IA2 knowledge and understanding

These International Advanced Level qualifications in Business Studies require students to: „

  • investigate different types of businesses that develop and sell products and/or services in a local, national or international marketplace. At IA2 level, students will study the ways in which companies make decisions, and grow and operate in the global market place „
  • be able to analyse numerical information and understand how it assists the decision-making process of a business „
  • understand how a business is managed, how its performance is analysed and how it could trade internationally

IAS/IA2 Skills

These International Advanced Level qualifications in Business Studies require students to use both qualitative and quantitative methods to make justifiable decisions.

Course Structure:

The Pearson Edexcel International Advanced Level in Business Studies comprises four units and contains an International Advanced Subsidiary subset of two IAS units. „

The Pearson Edexcel International Advanced Subsidiary in Business Studies is the first half of the International Advanced Level course and consists of Units 1 and 2. It may be awarded as a discrete qualification or contribute 50 per cent of the total International Advanced Level marks. „

The full International Advanced Level award consists of the two IAS units (Units 1 and 2), plus two IA2 units (Units 3 and 4) which make up the other 50 per cent of the International Advanced Level. Students wishing to take the full International Advanced Level must, therefore, complete all four units. „

Unit Description Assessment information
1.       Business Enterprise This unit provides an introduction to business practice, the importance of the market and how businesses interact with customers and competitors.

 

Students will learn about the role of the entrepreneur, market research techniques, the importance and use of finance, break-even analysis and how to measure and analyse business performance. They will also consider how the wider economic environment and stakeholders may affect businesses, large and small.

 

Students are also expected to: „ carry out calculations „ interpret or use data from graphs, tables or diagrams.

Note: ‘Data’ represents passages of text which may include graphs, table(s) of information or diagrams.

Examination length: 1 hour and 30 minutes

Examination paper in two sections:

Section A: supported multiple-choice questions – 24 marks. Section B: questions based on data – 56 marks.

Total for paper: 80 marks.

 

Students may use a calculator.

 

The quality of written communication will be assessed in the context of this unit through the 14 mark data response question in Section B of the paper. When answering this question students should consider the structure, coherence, punctuation and grammar of their responses.

2.       Business Structures and Practices This unit covers the key functional areas of a business. Students will develop their understanding of how businesses relate to their customers and analyse change in their markets.

The unit introduces students to business operations and develops their understanding of finance and why businesses may fail.

Students will also consider how businesses manage their people effectively.

Students are also expected to: „ -carry out calculations „

-interpret or use data from graphs, tables or diagrams.

Note: ‘Data’ represents passages of text which may include graphs, table(s) of information or diagram

Examination length: 1 hour and 30 minutes.

Examination paper in two sections: S

ection A: supported multiple-choice questions – 24 marks. Section B: questions based on data – 56 marks.

Total for paper: 80 marks. Students may use a calculator. The quality of written communication will be assessed in the context of this unit through the 14 mark data response question in Section B of the paper. When answering this question students should consider the structure, coherence, punctuation and grammar of their responses.

3.       Strategic Business Decisions This unit develops the content of Unit 2 and examines the competitiveness of businesses through performance and non-performance indicators. Students will analyse corporate objectives and strategy on the basis of these indicators and on external influences to businesses.

Students will assess the causes and effects of change on businesses and examine how companies can manage risk and grow effectively.

Students are also expected to: „ -carry out calculations „

-interpret or use data from graphs, tables or diagrams.

Note: ‘Data’ represents passages of text which may include graphs, table(s) of information or diag

Examination length: 2 hours. Examination paper in two sections:

Section A: questions based on data – 40 marks.

Section B: extended response questions based on data – 40 marks.

Total for paper: 80 marks. Students may use a calculator. Synoptic assessment in the context of this unit requires students to: „ understand the inter-relatedness of many business issues and problems „ understand how certain concepts, theories and techniques may be relevant to a range of different contexts „ apply such concepts, theories and techniques in analysing business issues and problems and in evaluating arguments and evidence. The emphasis will be on students’ ability to use business concepts, theories and techniques that they have built up during their course of study. The assessment of this unit may draw on material from Units 1 and 2, enabling synoptic assessment. The quality of written communication will be assessed in the context of this unit through the 12 mark data response question in Section A and both the 20 mark questions in Section B of the paper. When answering these questions students should consider the structure, coherence, punctuation and grammar of their responses.

4.       Business in a Global Context This synoptic unit focuses on the world of international business, and considers change and growth in global economies. Students will examine the different factors businesses have to consider when operating in a global market.

Students will also assess the impact of multinational corporations on the global economy.

Students are also expected to: „ -carry out calculations „

-interpret or use data from graphs, tables or diagrams „

-develop and refine the concepts and theories they previously covered in Units 1, 2 and 3, and to apply these in a range of international contexts.

Note: ‘Data’ represents passages of text which may include graphs, table(s) of information or diagrams

Examination length: 2 hours. Examination paper in two sections:

Section A: questions based on data – 40 marks.

Section B: extended response questions based on data – 40 marks.

Total for paper: 80 marks. Students may use a calculator. Synoptic assessment in the context of this unit requires students to: „

-understand the inter-relatedness of many business issues and problems „

-understand how certain concepts, theories and techniques may be relevant to a range of different contexts „

-apply such concepts, theories and techniques in analysing business issues and problems and in evaluating arguments and evidence.

The emphasis will be on students’ ability to use business concepts, theories and techniques that they have built up during their course of study. The assessment of this unit may draw on material from other parts of the course, enabling synoptic assessment. The quality of written communication will be assessed in the context of this unit through the 12 mark data response question in Section A and both the 20 mark questions in Section B of the paper. When answering these questions students should consider the structure, coherence, punctuation and grammar of their responses.

Business Studies trips

We feel it is vital for our students to understand business via real life examples.  Thus, visiting businesses is an important aspect of learning as students can better relate the theory and use what they have learnt in written analysis.  As a result, students have visited different business organisations in different sectors including AUDI, Carlsberg Bottling Plant, Pittas Factory as well as Casale Panayiotis Hotel.  All of these trips have been very valuable to students and they are able to use their experience to further their understanding and improve their exam technique in terms of application and written analysis.

Junior Achievement Cyprus (JA Cyprus)– Company Programme

This year is the second year we are taking part in the JA Cyprus Company Programme.  This is a programme designed to have students learn how to take a business idea from concept to reality. They form their own real enterprise and discover first hand how a company functions. They elect a board of directors from amongst their peers, raise share capital, and market and finance a product or service of their own choice. At the end of the programme they present a report and accounts to their shareholders.

Students take part in a competition against other other student run companies from both the public and private sector schools.  The winner of the national competition goes on to represent Cyprus in the JA European Finals in July.
Since its launch in 1919, Company Programme students around the world have had hands-on experiences that  develop new skills such as teamwork, leadership, presenting, planning and financial control as they learn to take  responsibility for the success of their company. It’s the perfect preparation for working life!
The programme is supported by volunteer advisers from the business world who are on hand to guide and mentor the companies. The JA-YE Company Programme is recognised by the European Commission Enterprise Directorate General as a ‘Best Practice in Entrepreneurship Education’.

Students gain:

Enterprising skills, attitudes and behaviours including:

  • Creative thinking and problem solving
  • Communication and presentation skills
  • Confidence and a can-do attitude
  • Teamwork and leadership
  • Negotiation and decision making
  • Setting goals and time management
  • Managing risk

Students learn to:

  • Raise real finance by selling shares
  • Open and use their own company bank account
  • Carry out market research
  • Work together to create their business plan
  • Develop their own product or service
  • Market and promote their product or service
  • Trade with the public
  • Manage the company finances
  • Take part in trade fairs
  • Compete with other schools in company of the year
    competitions

(Additional information as well as the information above can be found at www.jacyprus.org)

 

It is the mark of an educated mind to be able to entertain a thought without accepting it
Aristotle