Business Studies

Course summary

Business Studies is a topic that closely studies the fascinating fast-paced world of business and finance. Students opting for this topic will study business finance, marketing, corporate and social responsibility, employee rights and employment legislation. Unit Breakdown This qualification consists of two components: Component One: Business Opportunities This component focuses on new business start-ups and small and medium sized enterprises (SMEs). The content in this section is based around the concept of starting a new business and the issues that surround the process of planning a new business. In addition to covering the main concepts of setting up a new business, learners should be aware of other types of business organisations and the markets they operate in and their various stakeholders. Learners will study the content areas below: • Enterprise • Business plans • Markets • Market research • Business structure • Business location • Business finance • Business revenue and costs Component Two: Business Functions This component broadens the context for learners and will include all types of business organisations, ranging from recently formed small businesses to well- established multinational companies. Learners need to understand that in order to succeed in a competitive market, all businesses have to consider the core functions of business. Component Two: Business Functions This component broadens the context for learners and will include all types of business organisations, ranging from recently formed small businesses to well- established multinational companies. Learners need to understand that in order to succeed in a competitive market, all businesses have to consider the core functions of business.