Y11 Business Studies

Below you will find information on what you have covered during your course and how you will be assessed.

In my mock examination I will be asked to show I can demonstrate my knowledge of...

Multiple choice questions, plus a combination of short and long essays 12-marks max

Business maths

Unit 1 – Business in the real world

Objectives of entrepreneurs
Opportunity cost – what is given up as a consequence of a particular decision
Business objectives – different objectives & explanations of their meaning – profit/profit maximisation, customer satisfaction, growth, increase market share, increase sales, sustainability, etc.
Measures of success – increasing productivity, customer satisfaction, shareholder value, reputation, quality.
Impacts of economic cycle – downturns/recessions, increasing unemployment; impact on business.
Factors of production – land, labour, capital, enterprise
Business ownership – sole traders, partnerships; benefits and drawbacks of different set ups; explanation of each;
Business planning – benefits of business plans e.g. setting targets, co-ordination, manage change, track progress, allows stakeholders to assess business e.g. banks
Business location,
Expanding a business (EOS & growth)

Unit 2 – Influences on business

Unit 4 – Human Resources

Health & safety law – effect on business and explanation of its effect e.g. training, increased costs, inspections, risks of not following legislation, etc.
Organisational structures – tall, flat; spans of control;
Recruitment and selection processes – benefits and drawbacks of effective R&S; stages in the R&S process - Job analysis
Maslow’s Hierarchy of Needs – differences between needs and wants and explanations of each
Methods of motivation – methods of motivation financial & non-financial; profit sharing – benefits and drawbacks
Benefits of centralised recruitment – specialist HR departments with specialist HR staff, staff have knowledge of employment law, centralised advertising, standardised approach, job adverts maintain legal requirements, HR staff in one place – no duplication of staff.
Delayering – benefits and drawbacks; cost; redundancy payments; ethics of redundancy on business stance
Training – benefits and drawbacks; costs; consequences of poor/no training e.g. lack of skills, demotivation of staff etc.

Unit 6 – Finance

Sources of finance
Cash flow
Financial terms & calculations
Analysing financial performance
Breakeven chart – calculating the margin of safety,
Profit – calculating gross profit; Gross profit margin; sales revenue; percentage increases on gross profit margin
Methods of customer payment – credit schemes, benefits and drawbacks,
Methods to improve financial performance – increasing sales, targeting new markets – issues with supply, meeting demand, managing supply/supply chains, increasing output

Title or Topic	Format	Length	Date
Paper 1 – Influences on business and HRM activity	Written Paper	60 minutes	Fri 26 Nov 1.40pm
Paper 2 – Influences of finance & HRM activity on business activity	Written Paper	60 minutes	Tue 30 Nov 1.40pm

To prepare for this assessment:

Use the booklets from lessons and exercise books to consolidate notes and create revision cards and mind maps to connect key topics and ideas
Use the Revision Guides loaned to you to help for revision
Create or buy flash cards to test yourself with friends & family
Use previous paper questions, topic test and PPE questions, mark schemes and examiner reports to develop answers
Use the AQA Business Revision guide and textbook chapter reading
Use Past Papers to develop exam question exposure & complete past paper questions from the Home Learning Resource Centre
Revision apps such as Quizlet, Padlet, Popplet Lite for mind maps