Year 10 and 11 GCSE Business (Edexcel) Current years only

Topics covered during current Year 10 GCSE Business include;

Unit 1: Introduction to Small Business
• Understanding customer needs
• Market mapping
• Competition
• Added value
• Franchising
• Enterprise


• Thinking creatively
• Invention and innovation
• Taking a calculated risk
• Revenues, costs and profits
• Forecasting cash flow
• The business plan
• Obtaining finance
• Customer focus
• The marketing mix
• Limited liability
• Start-up legal and tax issues
• Customer satisfaction
• Recruiting, training and motivating
• Market demand and supply
• The impact of interest rates
• Changes in exchange rates
• The business cycle
• Business decisions and stakeholders

Unit 2: Investigating Small Business (Controlled Assessment worth 25% of the total GCSE)
• Students will have the opportunity to investigate a local business, focusing on a key question linking to one of the topics covered in unit 1.They will then collate, analyse and evaluate their findings in a written report.

Topics covered during Year 11 GCSE Business include;

Unit 3: Building a Business
• Marketing
• Market research
• Product trail and repeat purchase
• Product life cycle
• Branding and differentiation
• Successful marketing mix
• Design and research development
• Managing stock
• Managing quality
• Cost-effective operations and competitiveness
• Effective customer service
• Consumer protection laws
• Improving cash flow
• Improving profit
• Break-even charts
• Break-even analysis
• Financing growth
• Organisational structures
• Motivation theory
• Communication
• Remuneration
• Ethics in business
• Environmental issues
• Economic issues affecting international trade
• Government and the EU

Assessments held at the end of Year 11:

Unit – Introduction to Small Business
Multiple choice examination: 45 mins
25% of grade

Unit 3 – Building a Business
Written examination: 1 hr 30 mins
50% of grade

Additional information and resources:
1. http://www.edexcel.com/migrationdocuments/GCSE%20New%20GCSE/GCSE_Business_Spec_2012.pdf
2. http://www.pearsonschoolsandfecolleges.co.uk/Secondary/BusinessAndEconomics/14-16/EdexcelGCSEBusiness/ISBN/StudentResources/EdexcelGCSEBusinessIntroductiontoSmallBusiness.aspx
3. http://www.pearsonschoolsandfecolleges.co.uk/Secondary/BusinessAndEconomics/14-16/EdexcelGCSEBusiness/ISBN/ExamPracticeandRevision/EdexcelGCSEBusinessExamSkillsPracticeWorkbook-Extend.aspx
4. http://www.pearsonschoolsandfecolleges.co.uk/Secondary/BusinessAndEconomics/14-16/EdexcelGCSEBusiness/ISBN/ExamPracticeandRevision/EdexcelGCSEBusinessExamSkillsPracticeWorkbook-Support.aspx
5. http://www.pearsonschoolsandfecolleges.co.uk/Secondary/BusinessAndEconomics/14-16/EdexcelGCSEBusiness/ISBN/ExamPracticeandRevision/EdexcelReviseEdexcelGCSEBusinessRevisionGuide.aspx
6. http://www.pearsonschoolsandfecolleges.co.uk/Secondary/BusinessAndEconomics/14-16/EdexcelGCSEBusiness/ISBN/ExamPracticeandRevision/EdexcelReviseEdexcelGCSEBusinessRevisionWorkbook.aspx