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Examination Board: AQA
Availability: AS
Entry Requirement: Normal School Sixth Form Entry
AIMS
This exciting new A Level is designed to:
- Enable students to focus on the dynamic nature of the contemporary business world
- Provide opportunities for research into topical business issues
- Offer opportunities for the development and application of a full range of academic skills including numeracy, communication, problem solving and team work
- Explore real business situations
- Be practical in the application of business concepts
- Understand the role of the entrepreneur and business in society
OUTLINE
At AS Level, this specification introduces students to the challenges and issues of starting a business, including financial planning. It then focuses on how established businesses might improve their effectiveness by making tactical decisions at a functional level:
Unit 1 Planning and Financing a Business
This unit provides students with an introduction to the scope of Business Studies within the context of starting a new business. You will be expected to have an understanding of the range of activities involved in setting up a small business, including:
- The role of enterprise
- Generating and Protecting Business Ideas
- Transforming Resources into Goods and Services
- Conducting Start-up Market Research
- Understanding Markets
- Choosing the Right Legal Structure for the Business
- Locating the Business
- Employing People
Unit 2 Managing a Business
This unit looks at how businesses are routinely run after the set up stage. The unit covers a wide range of functions within a business with an emphasis on how they each contribute to the overall success of the firm.
- Using budgets
- Improving cash flow
- Measuring profit
- Improving organisational structures
- Measuring the effectiveness of a workforce
- Recruitment
- Operational decision making
- Quality control
- Working with suppliers
- Using technology in operations
- Marketing
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