Business AQA GCSE — 6 lessons
Study the purpose and nature of businesses, business ownership (sole traders, partnerships, ltd, plc, not-for-profit), business aims and objectives, stakeholders, location factors, business planning, and expansion (organic growth, mergers, takeovers, economies and diseconomies of scale). Assessed in both Paper 1 and Paper 2.
Study external influences including technology, ethical and environmental considerations, the economic climate (interest rates, employment, consumer spending), globalisation and exchange rates, legislation (employment, health and safety, consumer law), and competitive environment. Assessed in both Paper 1 and Paper 2.
Study production processes (job, flow, lean production, JIT), procurement (stock management, supplier choice, supply chain management), quality management (TQM, costs and benefits), and customer service (methods, benefits, ICT developments). Assessed in Paper 1.
Study organisational structures (span of control, chain of command, centralisation), recruitment and selection (internal vs external, contracts), motivation (financial and non-financial methods), and training (induction, on-the-job, off-the-job). Assessed in Paper 1.
Study customer needs, market segmentation, market research (primary and secondary methods, qualitative vs quantitative), and the marketing mix (4Ps): price strategies, product life cycle and Boston Matrix, promotion methods, and distribution channels including e-commerce. Assessed in Paper 2.
Study sources of finance (internal and external), cash flow (forecasts, problems and solutions), financial calculations (costs, revenue, profit, average rate of return, break-even), and analysing financial performance (income statements, profit margins, assets vs liabilities). Assessed in Paper 2.
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