Business
All 59 specification statements from the official Pearson Edexcel specification, as printed — filter by paper, unit or tier exactly as Pearson Edexcel assesses them.
Assessment homes come from the parsed Pearson specification (content summaries & assessment overviews). Hover a chip for the printed rule. Filters appear only where the qualification has that structure — a linear IGCSE has no unit scope, and only Maths A splits Foundation / Higher tiers.
1. Business objectives
Businesses can have several objectives:
Why business aims and objectives change as businesses evolve:
1. Types of organisations
The main types of business ownership:
Characteristics relating to size:
Different forms of business organisation:
1. Classification of
Primary, secondary and tertiary activities: the earth finished or semi-finished goods of services.:
1. Decisions on location
The main factors influencing location decisions and relocation of a business:
1. Business and the
Globalisation:
The importance and growth of multinationals:
The impact of exchange rate changes:
1. Government objectives
Government spending:
How governments can affect business activity:
The effect of interest rates on:
1. External factors
The external factors affecting business decisions:
1. What makes a
Measuring success in business:
Reasons for business failure:
1. Internal and external
Importance of good communication and the problems of ineffective communication:
Barriers to communication:
1. Recruitment and
Types of employment:
Recruitment documents:
Internal and external recruitment:
Legal controls over employment and their effects:
1. Training
Importance of training to a business and workers: o induction o on-the-job o off-the-job:
1. Motivation and
The importance of motivation in the workplace:
How businesses motivate employees: o remuneration o bonus o commission o promotion o fringe benefits o job rotation o job enrichment o autonomy.:
1. Organisation structure
Organisational charts for different types of business:
Roles and responsibilities of employees in terms of compliance and accountability:
The different functional areas within a business: recruitment and selection, training, health and safety, staff welfare, employment issues, industrial relations, disciplinary and grievance procedure, dismissal, unfair dismissal and redundancy budgets and accounting pricing, sales promotion, advertising, customer service, public relations, packaging and distribution new products, quality control and stock control.:
1. Business finance –
The need for finance:
Internal sources of finance:
External sources of finance:
1. Cash flow forecasting
The importance of cash to a business:
Calculation and interpretation of cash-flow forecasts:
1. Costs and break-even
The concept and calculation of:
The concept of break-even and calculation of break-even (from formula or diagram):
Interpretation of break-even charts:
1. Financial documents
The purpose of statements of comprehensive income:
The purpose of statements of financial position:
1. Accounts analysis
Calculating and analysing accounting ratios:
Liquidity:
The use of financial documents:
1. Market research
The purpose of market research:
Methods of market research: o survey o questionnaire o focus group o observation o test marketing o internet o market reports o government reports.:
The use of data in market research:
1. The market
Importance of marketing:
Responding to changes in the market:
How businesses use market segmentation to target customers: o location o demographics o lifestyle o income o age.:
1. The marketing mix
Product:
Price: be applied: o cost plus o penetration o competition o skimming o promotional.:
Place – distribution channels: o retailers o e-tailers (e-commerce).:
Promotion: segments: o advertising o sponsorship o product trials o special offers o branding promotion techniques o targeted advertising online o viral advertising via social media o e-newsletters:
1. Economies and
Economies of scale:
Diseconomies of scale:
1. Production
Production processes: o job o batch o flow productivity improvements.:
Principles of lean production:
Impact of technology in production:
1. Factors of production
Changing relationships between enterprise, capital, land, and labour:
1. Quality
The concept of quality and its importance in: