1. APPLIED GCSE BUSINESS STUDIES
COURSE RECAP /
SUMMER EXAM PREPARATION

2. Where are We Up To? Good News: Most of Syllabus has been covered
Most students did well on their Yr 10 PPA exam
We have ordered and will give you a FREE revision guide 
We will give you all the help you need to pass the exam – you just have to take advantage of the help!
Not so Good news:
It’s a long time since we looked at theory – so you have probably forgotten most of it!
We still have a lot of new stuff to learn
We have less than 14 weeks left to prepare for the exam

3. Examination Information
It is a 90 min exam (1 ½ Hours)
It is worth 40% of the overall qualification
You will need to get AT LEAST 50% in the examination, regardless of your coursework grade!
Pass mark for grade C is usually about 67%!!!
KEY FACT:
We are doing APPLIED Business – this means that to pass the exam you have to give REAL LIFE EXAMPLES OF BUSINESSES THAT YOU HAVE STUDIED!!!

4. STARTER Pick a topic you are confident on.
Write between 5 – 10 questions on the topic that you know the answer to.
Select a partner and ask them your questions. Record their scores.
BUSINESS OWNERSHIP
EXTERNAL ENVIRONMENT
METHODS OF GROWTH
MARKETING
FINANCE
PRODUCTION
HUMAN RESOURCES

5. Ownership Type of Ownership Sole Trader Partnership
Limited Company (Ltd)
Franchise
Need to:
Define
Advantages
Disadvantages
You must understand:
Limited Liability & Unlimited Liability

6. Business Objectives All businesses have the following objectives:
Survival
Profit
Grow
Good Customer Service
Good Reputation
Ethical (Social) Aims:
Recycle
No Pollution
Pay good wages
Why do businesses have aim & objectives?
Something to aim towards.
Give workers a focus
Attracts customers
Social Costs & Benefits:
Good & Bad effects of business on society
E.g. M&S Plan A
Primark

7. Stakeholders – Any group connected with a business.
Internal Stakeholders:
Owners / Shareholders
Workers
Managers
External Stakeholders:
Customers
Community
Competitors
Suppliers
Government
Families
For each stakeholder:
Why are they stakeholders?
How are they affected by the firm?
How can they influence the firm?

8. Business Finance Sources of Finance: Bank Loan Overdraft Mortgage
Friends & Family
Own Savings
Government Grant
Sell Shares
Need to:
Definition
Advantages
Disadvantages
Cash-Flow Forecast:
Purpose
Read & Interpret
How can you improve cash flow?
Financial Terms:
Price
Sales
Revenue
Costs
Profit/Loss

9. Marketing Market Research Methods: Primary Research Secondary Research
Target Market
Niche Market / Gap in Market
Give definitions
Give advantages & disadvantages
4Ps – Marketing Mix
Product
Price
Place
Promotion
Give definitions & examples of each
Unit 1 – Key Q:
What is suitable marketing for a small or new business?

10. People in Business Recruitment Methods: Internal External
Recruitment Process
Legal issues:
Equality Laws
Minimum Wage
Health & Safety Laws
Motivating Staff:
Monetary benefits
Non-Monetary benefits
Intrinsic rewards
Job Enrichment
Job Rotation
Training:
Induction
On the Job (Internal)
Off the job (External)

11. Customer Service Definition Benefits of Customer Service
Costs of Customer Service
Effects of Customer Service Laws
How ICT has affected customer service

12. 10 Mark Question Tips
You will always get a choice of 2 or more options. You need to give:
Advantage(s) & Disadvantage(s) of Option 1
Advantage(s) & Disadvantages of Option 2 / 3 / 4
Conclusion – Choose one of the options as the one to recommend.
Link your answer to the case study info!!!
Do NOT make a conclusion at the beginning!!
Level 1 Answer – LIST advs & disadvs & STATE a conclusion – max = 5/9
Level 2 Answer – EXPLAIN WHY they are advs & disadvs for the specific situation in the case study & JUSTIFY your conclusion- max 9/9 