Business Studies:Single

Course summary

Students of this course will study business in a variety of contexts (e.g. large/small, UK-focused/global, service/manufacturing) and consider: • the importance of the context of business in decision making • the interrelated nature of business activities and how they affect competitiveness • the competitive environment and the markets in which businesses operate • the influences on functional decisions and plans including ethical and environmental issues • the factors that might determine whether a decision is successful e.g. the quality of data and the degree of uncertainty • how technology is changing the way decisions are made and how businesses operate and compete • the impact on stakeholders of functional decisions and their response to such decisions • use of non-quantitative and quantitative data in decision making (including the interpretation of index numbers and calculations such as ratios and percentages) The topics lend themselves to studying and engaging with the business world. The specification and assessment will encourage students to follow business developments and think critically about contemporary business issues. Most of the assessment material is based on real business situations. By examining and thinking critically about real business situations as they study the subject, students will gain an insight into different contexts which will help them to understand the key issues in any situation and compare and contrast this with other situations and apply their understanding.