Y10 Business
Welcome to our Year 10 Business revision hub. Here you can find details of the exam board & specification, when your mock exams will take place, what will be tested in the exam and how you should revise and prepare.
To download a pdf summary of the Business revision information – click here
Exam Board: AQA GCSE Business (8132)
Specification: Click here to access the exam board specification – click here
Mock Exam Details
Date: Monday 7 July (AM)
Length: 1 hour 45 minutes
Total Marks: 90 marks
What’s assessed?
- Section A has multiple choice questions and short answer questions worth 2 0 marks.
- Section B has one case study/data response stimuli with questions worth approximately 34 marks.
- Section C has one case study/data response stimuli with questions worth approximately 36 marks.
What Will My Assessment Test My Knowledge On?
Your assessment will be based on the content you have studied in units 3.1 Business in the real world and 3.2 Influences on business. It will include multiple choice, short response and long response questions.
Business in the Real World
3.1.1 The purpose and nature of business
- Goods & services, factors of production, opportunity cost, the 3 sectors of the economy, characteristics of entrepreneurs & the nature of constantly changing business.
3.1.2 Business ownership
- Sole traders, partnerships, private limited companies (ltd), public limited companies (plc) and not for profit organisations.
3.1.3 Setting business aims and objectives
- Main aims and objectives for businesses, the role of objectives and how they might change.
3.1.4 Stakeholders
- Main stakeholders and objectives, the impact on business activity.
3.1.5 Business location
- Factors that influence the business location
3.1.6 Business planning
- The purpose of business planning, main sections of a business plan, financial calculations such as revenue, cost, profit and loss
3.1.7 Expanding a business
Methods of expansion, drawbacks, economies and diseconomies of scale.
Influences on Business
3.2.1 Technology
- Understand the impact of E-commerce and digital communication.
3.2.2 Ethical and environmental considerations
- Identify ethical considerations and understand trade offs with profits and effect on stakeholders. Understand environmental consideration and sustainability in a global world.
3.2.3 The economic climate on businesses
- How businesses are affected by changes in interest rates, levels of employment and consumer spending.
3.2.4 Globalisation
- How does globalisation affect businesses and what are the advantages and drawbacks.
3.2.5 Legislation
- Know how businesses are affected by employment law, health and safety law and consumer law
3.2.6 Competitive Environment
Understand the meaning of a market and competition, analyse potential impacts of competition on business, understand risks business face and why they try to minimise them.
What Should I Do To Revise And Prepare For This Assessment?
To prepare for this assessment:
- Complete your homework and revision tasks on Seneca each week
- Watch and review the revision videos on YouTube listed below
- Complete your revision booklets on both units
- Use your revision flashcards by studying the content and then asking a friend or family member to test you on them
- Create a revision clock or mind map for each unit covering each strand of the content. Cover it, and then try to write down what you can remember.
- Study the knowledge organisers provided and use look, cover, write, check to see what you can recall. Repeat this process until you can recall all the information on each page.
- Practice your skills on writing the extended answer questions by attempting the practice questions provided in lessons. Remember to finish with a conclusion and make a decision & look at the positive & negatives for both sides of the argument.
Useful Revision Resources & Links
- Seneca Learning – www.senecalearning.com
- BBC Bitesize – https://www.bbc.co.uk/bitesize/examspecs/zvwb382
Business 101 Videos
- The Purpose of Business – https://www.youtube.com/watch?v=K6BvPRjjFKA&t=26s
- The Different Types of Business – https://www.youtube.com/watch?v=Z9_iPwoS0ko
- Setting Aims and Objectives – https://www.youtube.com/watch?v=4TgtD8Z9VZM
- Stakeholders in Business – https://www.youtube.com/watch?v=qe6VBL1bsW8
- Importance of Business Location – https://www.youtube.com/watch?v=OSYVaAIPozY
- Importance of Business Planning – https://www.youtube.com/watch?v=sCopGs9RXaQ
- Expanding Business – https://www.youtube.com/watch?v=vDkzDZ5QAnQ
- Technology & Business – https://www.youtube.com/watch?v=8u_wH4eIup0
- Ethical & Environmental – https://www.youtube.com/watch?v=rpqc4BFCevE
- Economy & Business – https://www.youtube.com/watch?v=P-GBMez9cPk
- Business & Globalisation – https://www.youtube.com/watch?v=5v6oQGehQP8
- Legislation & Business – https://www.youtube.com/watch?v=Qe1mONnlJ-M
- Business & Competitive Environment – https://www.youtube.com/watch?v=zcn68yGlZ54