Specification points
WJEC GCSE Business 3160QS
92 points in 4 topics, with WJEC's codes and titles.
Codes and titles are read by a script from WJEC's published specification and have not been checked by a person. What each point covers is in the specification itself: WJEC’s specification.
1 Unit 1: Introduction to the Business World
- 1.1 Business fundamentals
- 1.1.1 The purpose of business activity
- 1.1.2 The nature of business enterprise
- 1.1.3 Types of business aims
- 1.1.4 Different markets
- 1.1.5 Different business sectors
- 1.1.6 The role of the consumer
- 1.1.7 Sustainability
- 1.2 Careers and business
- 1.2.1 Business careers and employment
- 1.2.2 Exploring job market trends in Wales, UK and the wider world
- 1.3 Different scales of business activity
- 1.3.1 Different scales of business operation
- 1.3.2 The challenge of globalisation
- 1.3.3 The nature of multinational business
- 1.4 Stakeholders
- 1.4.1 Internal and external stakeholders
- 1.4.2 The impact of stakeholders on business success
- 1.4.3 The impact of business on stakeholders
- 1.4.4 Types of conflict between stakeholders and business
- 1.5 Business ownership and models
- 1.5.1 The features of limited and unlimited liability organisations
- 1.5.2 The features of purpose driven businesses
- 1.5.3 Deciding on business ownership and models
- 1.6 The supply chain
- 1.6.1 The importance of effective supply chain management
- 1.6.2 The features of the green and circular economy
- 1.7 Revenue, costs and break-even
- 1.7.1 Revenue, costs and profit
- 1.7.2 The purpose of break-even
- 1.7.3 Break-even and contribution
- 1.8 Location and site
- 1.8.1 Influences on location
- 1.8.2 The impact of technology on business location
2 Unit 2: Key Business Considerations
- 2.1 Business in society
- 2.1.1 The nature of society and business
- 2.1.2 The impact of business on society
- 2.1.3 The impact of society on business
- 2.2 Investigating business response to challenges
- 2.2.1 Business enquiry and investigation skills
- 2.2.2 Presenting and analysing business data
- 2.2.3 Evaluating business data
- 2.3 Key themes
- 2.3a Business ethics
- 2.3.1a Ethical business behaviour
- 2.3.2a The impact of ethical or unethical business behaviour
- 2.3.3a The conflict between ethics and profit
- 2.3b Business and the environment
- 2.3.1b Environmental issues caused by businesses activity
- 2.3.2b Businesses acting sustainably
- 2.3.3b The impact of businesses acting in a sustainable way
- 2.3c Business and technology
- 2.3.1c Technology available to business
- 2.3.2c The impact of technology on a business
- 2.3.3c The wider impact of technology used by businesses
3 Unit 3: Business Strategies for Success
- 3.1 Business growth
- 3.1.1 Why businesses grow
- 3.1.2 Internal and external methods of growth
- 3.1.3 Choice of growth model
- 3.2 How businesses are impacted by external factors
- 3.2.1 Political factors
- 3.2.2 Legal factors
- 3.2.3 Economic factors
- 3.3 Financial strategies for success
- 3.3.1 Sources of finance
- 3.3.2 Income statements
- 3.3.3 Cashflow and cashflow forecasts
- 3.3.4 Financial performance
- 3.4 Marketing strategies for success
- 3.4.1 Market research
- 3.4.2 Segmentation
- 3.4.3 Marketing mix
- 3.5 Human resources strategies for success
- 3.5.1 Recruitment
- 3.5.2 Training
- 3.5.3 Motivation
- 3.6 Methods of production
- 3.6.1 Production
- 3.6.2 Quality
4 Unit 4: Business Creation
- 4.1 Entrepreneurial activity
- 4.1.1 Opportunities for entrepreneurial activity
- 4.1.2 Entrepreneurial characteristics and skills
- 4.1.3 Elkington’s triple bottom line model
- 4.2 Preparing for entrepreneurial opportunities
- 4.2.1 Business proposals for entrepreneurial opportunities
- 4.2.2 Addressing key issues for entrepreneurial opportunities
- 4.2.3 Market research for entrepreneurial opportunities
- 4.2.4 Marketing mix for entrepreneurial opportunities