This is a vocational qualification equal to 1 A Level.
When you start Business Studies in September, you will learn how a business might evolve. From a small start-up business to a large multi-national organisation, you will consider a range of different business types and gain an understanding of how the choice of business type might affect the objectives set. You will also explore ways in which businesses respond to changes in their economic, social and technological environments and gain an appreciation of the influence different stakeholders can have upon a business.
Unit 1 – The business environment
You will look at a range of different types of business and business structures, and explore how the ownership of a business and its objectives are interrelated. You will learn about the importance of different functions within a business and how they work together and understand the legal, financial, ethical and resource constraints under which a business must operate and how these affect business behaviour.
Unit 2 - Working in business
In this unit, you will cover the skills and understanding needed to work effectively within a business environment. The skills and understanding are critical to the success of any business and are highly valued in the business world.
Unit 4 – Customers and communication
Customers are vital to the success of any business. In this unit, you will learn the purpose, methods and importance of communication and the appropriateness of different forms of communication for different situations.
Unit 5 - Marketing and market research
Marketing is the function that makes sure a business sells the right products, at the right price, in the right place, using the most suitable promotion methods. This unit has particular emphasis on the role of market research and how it contributes to marketing decision-making.
Unit 11 - Accounting concepts
This unit will give you an introduction to the foundation of business accounting. You will consider the reasons for keeping accurate financial records and the importance of updating cash books and preparing bank reconciliation statements.