year 12 gcse business studies pupil & parent information

BUSINESS STUDES YEAR 12 N HERRON (HoD)

1

YEAR 12

GCSE

BUSINESS STUDIES

PUPIL & PARENT

INFORMATION

LARNE GRAMMAR SCHOOL


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GCSE BUSINESS STUDIES

Administration sheets

Pupil and parent information

Unit 2 (year 12) Content summary

Reminder of Command words & Exam technique

Self assessment /assessment for learning policy

Test record, target sheet

& evaluation sheet

File check sheet


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GCSE

BUSINESS STUDIES

GENERAL INFORMATION

GCSE Business Studies (CCEA)

The examination which pupils will sit at the end of the second year of GCSE study will consist of:-

1) Unit 1 (40%; A 1 hour 30 minute examination). This includes structured questions testing the sub-

ject content of Unit 1 which is taught in Year 11.

2) Unit 2 (40%; A 1 hour 30 minute examination). This includes structured questions and, although syn-

optic (knowledge can be drawn from both Unit 1 & 2), it largely tests Unit 2 subject content which is

taught in Year 12.

3) Controlled assessment (20%). This will be submitted in year 12.

Resources

of a

Business

Entrepreneurs

Stakeholders

Customers

Business

Operations

Marketing

Location

Business Aims &

Objectives

Business Owner-

ship

UNIT 1:

Creating a Business

KEY AREAS TO BE COVERED IN YEAR 11

DATE___________

PARENTAL SIGNATURE:

DATE___________

PUPIL SIGNATURE:


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Business

Planning

Business Growth

Motivation

Training

Appraisal

Human Resources

(Recruitment & Selection)

Sources of Finance

Break-Even Analysis

Cash Flow Fore-

casts

UNIT 2:

Developing a Business

KEY AREAS TO BE COVERED IN YEAR 12

CONTROLLED ASSESSMENT PROCEDURE (represents 20% of total marks):

After Year 12 mock ex-ams, CA will com-mence

(Business Planning)

The CA task is sub-divided into 2 tasks—Booklet A & Booklet

B. Booklet A involves re-searching and writing up findings as part of the business planning process. This infor-mation is essential for the completion of the second task—booklet

B.

Booklet B will be com-pleted at a designated time in ei-ther Febru-

ary or March, in

exam condi-tions. It will last 1

hour.


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Pupils should test themselves, starting with the topics which they find most challenging. This provides more time to develop understanding. Ask

the teacher for help to clari-fy understanding.

Pupils should produce work (homework, classwork, etc) of

which they can be proud. With this mentality it is in-evitable they will receive positive feedback which should further motivate.

Revise regularly. Pupils should use their notes and the text book to make re-vision notes at the end of each topic. This will cut workload at a later date!

TIPS

TO

SUPPORT LEARNING

Regularly check your child’s folder; they may require

help to organise it.

Look through their work and question them on what they

have learned.

Periodically ask your child to teach you something they learned in class.

Talk to your child about Business/ current affairs

items in the news.

Encourage a good study habit, e.g., making regular re-

vision notes.

Check tests, en-sure corrections

are completed and sign scripts.

Check that work is completed on time

and to a high standard.

HOW CAN PARENTS HELP?


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YEAR 11

GCSE

BUSINESS STUDIES

UNIT 2:

DEVELOPING A

BUSINESS


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GCSE BUSINESS STUDIES – CCEA EXAMINATION BOARD

YEAR 12 CONTENT REVISED

1ST

REVISED

3RD

REVISED

2ND

I KNOW

DEVELOPING A BUSINESS

Human Resources

Recruitment

describe and explain the purpose and content of:

job descriptions

person specifications; and

contracts of employment;

discuss the advantages and disadvantages of internal and external recruit-ment;

discuss the role of social media in recruitment;

evaluate internal and external methods of recruitment.

demonstrate knowledge of the legal controls that govern recruitment as well as the ethical issues which underpin legislation in relation to:

race

religion

disability

gender

marital status

sexual orientation;

demonstrate knowledge of the role of the Equality Commission for Northern Ireland in relation to recruitment. (Students do not have to address specific legislation, but they should be aware that legislation exists to ensure fairness in recruitment.).

Selection

describe the main methods of selection;

application form;

application letter;

curriculum vitae (CV);

testing;

interviews; and

presentation;

evaluate different selection methods in different circumstances.

describe the main methods of selection;

application form;

application letter;

curriculum vitae (CV);

testing;

interviews; and

presentation;

evaluate different selection methods in different circumstances.

discuss responsibilities of both employer and prospective employees in the selection process:

honesty;

objectivity;

fairness; and

Confidentiality


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YEAR12 CONTENT REVISED

1ST

REVISED

3RD

REVISED

2ND

I KNOW

Appraisal

explain the reasons for and the importance of, staff appraisal;

analyse the advantages of appraisal for employers and employees;

identify and evaluate the following methods of appraisal:

observation;

self-evaluation; and

interview.

Training

explain the following reasons for staff training:

induction

change in procedures; and

for businesses to become more competitive;

describe the advantages and disadvantages of training to the businesses and to employees;

describe and evaluate on-the-job training and off-the-job training and justify the more appropriate method of training for particular circumstances.

Motivation

explain the importance of motivation for employees referring to:

lower labour turnover;

higher quality work;

fewer accidents; and

less absenteeism;

identify and evaluate the suitability in various circumstances of these meth-ods of financial motivation:

bonus;

commission;

fringe benefits; and

profit sharing.

identify and evaluate the suitability in various circumstances of these meth-ods of non-financial methods of motivation:

job rotation;

team working;

quality circles; and

flexible working;

analyse the following factors affecting job satisfaction:

wages/salaries; responsibility;

success;

enjoyment;

working conditions;

and praise.


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1ST

REVISED

3RD

REVISED

2ND

I KNOW

FINANCE

Sources of finance

explain the advantages and disadvantages of internal sources of finance:

owner’s investment (start up or additional capital);

retained profits;

sale of inventory;

sale of fixed assets; and

debt collection;

explain the advantages and disadvantages of external sources of finance:

bank loan or overdraft;

additional partners;

share issue;

leasing;

hire purchase;

mortgage;

trade credit; and

government grants.

identify the most appropriate source of finance to be used in particular cir-cumstances.

Cashflow explain the purpose of cash flow forecasts, in the context of both forward

planning and review (comparing budget and actual);

analyse the importance of cash flow to a business;

complete parts of a cash flow forecast;

calculate and interpret a simple cash flow forecast; and

analyse the consequences of incorrect forecasting.

Financial Statements

complete simple financial statements for a sole trader;

explain and interpret what an income statement and a statement of financial position show and explain their importance to a business.

prepare an income statement that includes:

sales revenue;

cost of sales;

expenses; and gross and net profit and loss.

prepare a statement of financial position that includes:

current and non-current assets; equity; and current and non-current liabilities;

Ratios

interpret and analyse an income statement and statement of financial posi-tion for assessing business performance using the following ratios;

gross profit percentage;

net profit percentage;

inventory turnover;

return on capital employed; and

working capital ratio (formulae will be given in the examination).


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1ST

REVISED

3RD

REVISED

2ND

I KNOW

Break-even

calculate break-even both graphically and by formula (if asked to draw a graph, the scale for each axis will be drawn out, but students need to be able to label the axes);

explain the significance of the break-even point;

distinguish between fixed and variable costs;

label a break-even chart (profit/loss levels, profit/loss areas, margin of safe-ty, BE point and all lines on the graph); and

analyse a break-even chart;

calculate the margin of safety and explain its significance for a business.

Business success or failure

identify the following signs of success:

increasing profit;

attracting new competitors into the industry;

expansion;

favourable customer reviews and word of mouth recognition;

listed on social media;

identify the following signs of failure:

loss of profit;

poor cash flow;

loss of customers;

unfavourable customer reviews; and

high employee turnover.

Business Growth

describe and evaluate different types of internal/organic growth including:

reinvestment;

expansion of product range; and

increased sales activity;

describe and evaluate different types of external growth including:

takeovers;

mergers; and

franchising.

discuss the following factors that may limit the growth of firms:

lack of finance;

increased competition;

lack of market demand; and

a more difficult economic climate;

explain the meaning of the term economies of scale;

explain different types of economies of scale:

technical;

financial;

marketing; and

purchasing.


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1ST

REVISED

3RD

REVISED

2ND

I KNOW

analyse the following advantages of growth; Increased profit Economies of scale; and Greater market influence.

analyse the following disadvantages of growth; poor communication lack of motivation; and difficulties of coordination.

analyse the ethical implications of growth.

explain the role of the Competition and Markets Authority (CMA) in relation

to business growth.

UNIT 3

BUSINESS PLANNING

identify and explain the reasons for developing a business plan, for exam-

ple:

show to the bank, shareholders and other possible investors; ensure proper planning; monitor actual performance against the plan; keep a check on spending; and / or ensure that aims are being met.

demonstrate knowledge of the following components of a business plan:

introduction: business name and address; description of the business idea;

information about the benefits of the product or service;

the business and its objectives (Unit 1: Creating a Business): strengths and

past achievement or awards; a summary of the value of the business

and how it is funded; legal status of the business; mission statement

and objectives; personal details of the owner;

a resource plan (Unit 1: Creating a Business): the people involved and

their skills; the premises, size and location; raw materials required (if

manufacturing); working capital required.

a marketing plan (Unit 1: Marketing): market research; target market

identified; competitors identified; estimated demand; a proposed mar-

keting mix;

a production plan (Unit 1: Business Operations): production process (only

for manufacturing); health and safety; and

a financial plan (Unit 2: Finance): breakeven analysis; cash flow; capital

invested and any loans or mortgages; projected and/or recent income

statement and statement of financial position.

evaluate components of a business plan.


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1ST

REVISED

3RD

REVISED

2ND

I KNOW

CONTROLLED ASSESSMENT

BOOKLET A

propose research methods;

design and use foods for primary research, including questionnaires and

interviews;

carry out secondary research;

present the results of primary and secondary research;

reference their research clearly

use their research to support their responses.

BOOKLET B

evaluate the evidence from primary and secondary research results and

make logical conclusions in the context of the task. (Students do not need

to create a complete business plan. They should use Booklet A and Booklet

B as a guide.


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COMMAND

WORDS

&

EXAMINATION

TECHNIQUE


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ASSESSMENT OBJECTIVES

AO1

KNOWLEDGE AND

UNDERSTANDING

AO2

APPLICATION

AO3

ANALYSIS AND

EVALUATION

DESCRIPTION: Recall, select and com-municate knowledge and understanding of con-cepts, issues and termi-nology.

Apply skills, knowledge and understanding in a variety of contexts and in planning and carrying out investigations and tasks.

Analyse and evaluate evidence, make rea-soned judgements and present appropriate conclusions.

RELATED COMMAND

WORDS (OTHER MAY ALSO BE USED):

DEFINE

EXPLAIN

GIVE AN EXAM-PLE OF…

IDENTIFY

NAME

OUTLINE

STATE

SHOW YOUR CALCULATION

WHAT IS/ARE...

APPLY

COMMENT ON

CALCULATE

DEMONSTRATE

DESCRIBE

DISTINGUISH BETWEEN

EXAMINE

WHY

EXAMINE

ANALYSE

EVALUATE

DISCUSS

COMPARE/CONTRAST

INTERPRET

ASSESS

GIVE REASONS FOR…

JUSTIFY

JUDGE

HOW TO

DEMONSTRATE:

By providing sound and comprehensive defini-tions and selecting and using appropriate busi-ness terminology.

By applying theory/calculations to the con-text/case study or question stem. Think about the business situ-ation/

By providing detailed reasons, advantages, disadvantages, cause and effect, consequenc-es. And, where re-quired, provided a con-clusion/judgement.

LITERACY/QUALITY OF WRITTEN COMMUNICATION:

1. Ensure text is legible and that spelling, punctuation and grammar are accu-

rate so that the meaning is clear;

2. Select and use a form and style of writing that suits the purpose; and

3. Organise information clearly and coherently, using specialist vocabulary

where appropriate.


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QUESTION INTERPRETATION:

1. Follow the rule of 3, read the question 3 times:

On the first read through, identify the SKILL required—circle the com-mand word, for example, analyse, explain, discuss, assess, describe, evalu-ate—you should know what these words require as you will be practising these questions throughout the course of study.

On the second read through, circle the THEORY being tested, for exam-ple, specialisation, quality, private limited companies.

On the final read, examine the MARK ALLOCATION and accordingly, de-cide how to structure your answer.

FOR QUESTIONS THAT CONTAIN THE WORD EVALUATE, APPLY THE ‘DAD’ TECHNIQUE:

D Develop argument fully, justifying why you are stating the point you are making. Ensure your argument is applied to the context.

A Allocate the marks, structuring your response according to the

requirements of the question and mark allocation.

D Decide/conclude/judge: do the advantages outweigh the disadvantages? What is the most important factor?

FOR QUESTIONS THAT TYPICALLY CONTAIN THE WORD ANALYSE/DISCUSS/EXAMINE, APPLY THE ‘DA’ TECHNIQUE WHICH IS THE ABOVE ONLY WITHOUT THE LAST ‘D’.


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SELF

ASSESSMENT

POLICY

GREEN PEN

PURPLE PEN


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BEFORE SUBMISSION:

REMEMBER TO APPLY GREEN PEN TO HIGHLIGHT SELF CHECKING & ASSESSMENT.

ALSO ADD YOUR THOUGHTS ON IMPROVEMENT—EBI—Even Better If…

AFTER SUBMISSION:

TEACHER/PEER WILL THEN ASSESS IN RED AND ADD THEIR EBI

COMMENT/S

THEN, BASED ON FEEDBACK AND WAGOLL (what a good one looks like), PERFECT/IMPROVE USING PURPLE PEN.

BUSINESS STUDIES

Departmental literacy

and Assessment For

Learning policy:


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Marking Code for Written English

COMMON WHOLE SCHOOL APPROACH:

P Punctuation error: comma, colon, semi-colon, full stop, excla-mation or question mark.

Sp Spelling error.

G Grammatical error.

// NP New paragraph needed.

Cap or Caps

Capital letter or letters needed.

~~~~~? Awkward/clumsy expression.

^ A word or word ending is missing.

Tense Incorrect tense.

/ / Well written section.

Striking, insightful or imaginative vocabulary.

ADDITIONAL DEPARTMENTAL CODES:

HW Handwriting which is difficult to read/illegible.

BOD Meaning not totally clear but the benefit of the doubt has been given.

NAQ Not answering the question.

AO1 Evidence of Assessment Objective 1 – knowledge and under-standing.

AO2 Evidence of Assessment Objective 2 – application/using data from the context.

AO3 Evidence of Assessment Objective 3 – analysis/evaluation.

LARNE GRAMMAR SCHOOL

GCSE BUSINESS STUDIES

year 12 gcse business studies pupil & parent information

Documents