OVERVIEW
Students are introduced to the core business concepts and learn how to investigate, analyse and evaluate business opportunities, and make supported decisions and recommendations using both qualitative and quantitative methods. The course makes extensive use of case studies such as the launch of the Apple Watch or the effects of a global recession. The study of A Level Business requires some ability in interpreting statistical data, applying accounting techniques, graphs and diagrams, with more subtle interpretation needed as the course develops over the two-year duration.
For further information or to discuss in more detail, please contact:
Mr W Bohanna Head of Economics & Business wbohanna@kgs.org.ukFollow us on Twitter: @KGS_Economics
How is the course assessed?
The first year of the course covers an introduction to the main functioning of a business, the nature of business activity within the UK private sector, an insight into types of business organisations, the role of the entrepreneur and the impact of business choices and objectives. Students will gain an understanding of the nature of the role of markets, market research techniques and market positioning. The consideration and calculation of profit and the profit and loss account is also undertaken, along with the balance sheet and liquidity as well as the difference between cash and profit and causes of business failure. We consider the importance and measurement of capacity utilisation, the interpretation of stock control models and JIT stock management. Quality management is investigated in terms of quality control, assurance and TQM techniques. During the second year, we will explore the development of business strategy, decision making and the functioning of global business, along with investigating the similarities and differences of a global marketing strategy and consider global localisation and the role of global niche markets and the application of the 4Ps on a global scale. The cultural and social factors of global marketing are also investigated. Students will consider the main influences on business decision making including corporate influences, corporate culture, shareholders and stakeholders and the role and impact of business ethics.
The course is assessed entirely by a final examination of the four themes over three two-hour papers.
Paper 1: Marketing, People and Global Businesses. This paper accounts for 35% of the total grade.
Paper 2: Business Activities, Decisions and Strategy. This paper accounts for 35% of the total grade.
Paper 3: Investigating Businesses in a Competitive Environment. This paper accounts for 30% of the total grade.
Examination board
Edexcel
Useful attributes
The subject is largely based on developing certain numerical skills and requires higher level writing skills of a Grade 7 or higher at GCSE Mathematics and English Language. A Level Economics and A Level Business can be studied alongside one another.
Personal development
You will develop a range of academic skills and attributes. By the end of the course, you will be able to question underlying assumptions, be able to understand the function of a society from different stakeholders’ perspectives and be able to evaluate and present a balanced argument; you will learn how to use evidence, draw conclusions, and make judgements. In addition, you will be able to apply numerical analysis and applications to evidence-driven decision making which can assist you in a variety of academic studies and professions.
Future directions
Most universities offer degree courses in Business and Business Management. The subject can also be combined with other related subjects such as Geography, Art & Design, Fashion, Politics, Mathematics and a language. Career opportunities for students with a background in Business include accountancy, management consultancy, banking, education, journalism and management training. Business, Business Management, Accounting and Finance have been extremely popular undergraduate courses for KGS Sixth Form students.