Business studies will explore global topics impacting business operations; for example, how do you get your staff to be productive? How would a change in the business environment impact the business?
The course follows the Cambridge IGCSE syllabus. There are six main areas of study which focus on several different topics. These are summarised below:
Understanding Business Activity
- Business activity
- Classification of businesses
- Enterprise, business growth and size
- Types of business organisation
- Business objectives and stakeholder objectives
People in Business
- Motivating employees
- Organisation and management
- Recruitment, selection, and training of employees
- Internal and external communication
- Marketing, competition, and the consumer
- Market research
- Marketing mix
- Marketing strategy
- Production of goods and services
- Cost, scale of production and break-even analysis
- Achieving quality production
- Location decisions
Financial Information and Decisions
- Business finance: needs and sources
- Cash flow forecasting and working capital
- Income statements
- Statement of financial position
- Analysis of accounts
External Influences on Business Activity
- Economic issues
- Environmental and ethical issues
- Business and the international economy
How You Will Be Assessed
The course is assessed through written examinations at the end of the two-year course.
All candidates take two papers.
- Paper 1 is short-answer and data response questions and will make up 50% of the overall
- Paper 2 is a case study which will focus on application and will make up 50% of the overall assessment mark.
University and Career Paths
The IGCSE course is also excellent preparation for students seeking employment and/or training.
Many students who achieve an A Level in Business/Economics go onto University and study a Business/Economics related degree course e.g. Business Management, Law, Economics, Accountancy.