Business Studies

Business Studies is an A Level option offered by Monmouth School and our sister school HMSG, for any students who wish to take it at this level.

Head of Department: Mr D R Evans                            Board: WJEC

Introduction

The Business Studies course will enable candidates to develop a critical understanding of how organisations operate.  They will consider all the internal workings of businesses including the management of functions such as Marketing, Human Resources and Finance. The course will cover the study of organisational structure, culture and objectives, through to an understanding of the micro and macro-economy and how they affect businesses – supply and demand, market structures, inflation,  economic growth, interest rates and international trade and globalisation.

In addition to a thorough body of knowledge, it will allow them to be analytical, rigorous and critical, and will also allow them to experience practical decision-making and problem-solving. It is also advisable that candidates are comfortable with using numbers, due to the finance and accounting, and also are comfortable with use of English given the amount of terminology used. Therefore we suggest GCSE requirements for prospective students B grade or above in English and Mathematics.

Course Content

The A Level course is divided up into four modules as follows:

AS

Unit 1  The Business Framework Business Objectives Types of Organisation Producing Goods and Services External Influences
Unit 2  Business Functions
Marketing Accounting and Finance People in Organisations Operations Management

A2

Unit 3  Business Decision Making Business Strategy Management of Change Political, Legal, and Ethical Issues
Unit 4  Business Strategy and Practice
Risk and Uncertainty Data Analysis  Decision Making Tools: Investment Appraisal/Critical Path Assessment (Examinations)

There will be two examinations sat in June of each year (AS and A2), which will test knowledge of all modules named above.   There is no assessed coursework at AS or A2 Level, but preparatory work will of course be given throughout the course, as well as past paper practice in the run up to any of the final examinations.

AS  BS1  The Business Framework 20% (1 hr 15 mins)  Short Answer Paper BS2  Business Functions 30% (1 hr 45 mins)  Data Response and Short Answer Paper A2 BS3  Business Decision Making 25% (2 hours)  Case Study BS4  Business Strategy and Practice 25% (2 hours)  Problem Solving and Essay Paper.