Business Studies | 0450

1.1 Business activity

1.2 Economic sectors

1.3.1 Enterprise and entrepreneurship

1.3.2 The methods and problems of measuring business size

1.3.3 Why some businesses grow and others remain small

1.3.4 Why some businesses succeed and others fail

1.4.1 Different types of business organisation

1.5.1 Business objectives

1.5.2 The role of stakeholder groups

2.1.1 Recruiting and selecting employees

2.1.2 Employment contracts and legal controls over employment issues

2.1.3 Training

2.2.1 Simple organisational structures

2.2.2 The functions of management

2.2.3 Leadership styles

2.2.4 Why reducing the size of the workforce may be necessary

2.2.5 The role of trade unions

2.3.1 Why communication is important

2.3.2 Communication barriers

2.4.1 The importance of a well-motivated workforce

2.4.2 Methods of motivation

3.1.1 The role of marketing

3.1.2 Understanding market changes

3.1.3 Mass markets and niche markets

3.1.4 Market segmentation

3.2.1 Methods of market research

3.3.1 Product

3.3.2 Price

3.3.3 Place

3.3.4 Promotion

3.3.5 Ecommerce

3.3.6 Marketing strategy

3.3.7 Entering new markets in other countries as a method of growth

3.4.1 Legal controls related to marketing

4.1.1 Production processes

4.1.2 The main methods of production

4.2.1 The use of technology in the production of goods and services

4.3.1 Methods of sustainable production of goods and services

4.4.1 Identify and classify costs

4.4.2 Economies and diseconomies of scale

4.4.3 Break-even analysis

4.5.1 Why quality is important and how quality may be achieved

4.6.1 Main factors which influence location decisions

5.1.1 The need for business finance

5.1.2 The main sources of finance

5.2.1 The importance of cash and cash flow forecasts

5.3.1 What is profit and why it is important

5.3.2 Statement of profit or loss

5.4.1 The main elements of a statement of financial position

5.5.1 Profitability

5.5.2 Liquidity

5.5.3 Users of accounts

6.1.1 Business cycle

6.1.2 Effects of government policy

6.2.1 The importance of globalisation

6.2.2 Multinational companies (MNCs)

6.2.3 External costs and benefits

6.2.4 Exchange rates

6.3.1 Environmental issues

6.4.1 Ethical issues

6.5.1 The role of pressure groups