Business Studies Edexcel
Business Studies Edexcel
Business Studies Edexcel
Issue 3
Supporting you
Edexcel aims to provide the most comprehensive support for our qualifications. We endorse a wide range of
materials from other publishers to give you a choice of approach.
For more information on our wide range of support and services for these GCEs in Business Studies and in
Economics and Business qualifications, visit our GCE website: www.edexcel.com/gce2008
Specification updates
This specification is Issue 3 and is valid for examination from Summer 2014. If there are any significant
changes to the specification Edexcel will write to centres to let them know. Changes will also be posted on our
website.
For more information please visit www.edexcel.com/ or www.edexcel.com/gce2008
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business Pearson Education Limited 2013 Introduction
Contents
A Specification at a glance 4
B Specification overview 8
Summary of assessment requirements
Qualification summary
10
14
15
21
27
33
39
43
Assessment information
49
Additional information
53
Contents
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Contents
E Resources, support and training 57
Resources to support the specification
57
57
Edexcel publications
57
58
59
Training 60
F Appendices 61
Appendix 1 Performance descriptions
63
69
Appendix 3 Codes
71
73
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Contents
A Specification at a glance
The tables below show the units for GCE Business Studies at a
glance. To gain an AS qualification in Business Studies, students
must complete Unit 1 and Unit 2a. To gain an Advanced GCE
qualification in Business Studies, students must complete Unit 1,
Unit 2a, Unit 3 and Unit 4a.
Availability: June
25% of
the total
GCE
marks
Content summary:
This unit covers the characteristics students would need to develop to be successful in
business and how new or existing businesses generate their product or service ideas
and test them through market research. Students should also consider the competition
in the market; the economic climate; how the business might be financed; and how
much revenue the idea might generate.
Assessment:
Examination of 1 hour 15 minutes in two sections.
Section A: supported multiple-choice questions.
Section B: questions based on data.
Externally assessed
50%
of the
total AS
marks
Availability: June
25% of
the total
GCE
marks
Content summary:
This unit covers key activities which students may be involved in if they were to set up
and/or manage a business whether small, medium-sized or large. It also introduces
students to some basic management tools and models which will be developed in the
A2 qualifications.
Assessment:
Examination of 1 hour 15 minutes in two sections.
Section A: supported multiple-choice questions.
Section B: questions based on data.
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Specification at a glance A
25% of
the total
GCE
marks
Content summary:
The aim of this unit is to introduce the student to the world of international business
and issues which a company trading internationally would have to consider.
Assessment:
Examination of 1 hour 30 minutes in two sections.
Section A: questions based on data.
Section B: case study and questions.
25% of
the total
GCE
marks
Content summary:
In this unit, students will be able to assess the current competitiveness of a business
through performance and non performance indicators. They will analyse corporate
objectives and strategy on the basis of these indicators and on external influences to
the business. Students will be required to assess the causes and effects of change on a
business and examine how the company could manage risk effectively.
Assessment:
Examination of 1 hour 30 minutes in two sections.
Section A: questions based on data.
Section B: decision-making report and questions. (Context of decision-making report
* See Appendix 3 for description of this code and all other codes relevant to this qualification.
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section A
A Specification at a glance
The tables below show the units for GCE Economics and Business
at a glance. To gain an AS qualification in Economics and Business,
students must complete Unit 1 and Unit 2b. To gain an Advanced
GCE qualification in Economics and Business, students must
complete Unit 1, Unit 2b, Unit 3 and Unit 4b.
Availability: June
25% of
the total
GCE
marks
Content summary:
This unit covers the characteristics students would need to develop to be successful in
business and how new or existing businesses generate their product or service ideas
and test them through market research. Students should also consider the competition
in the market; the economic climate; how the business might be financed, and how
much revenue the idea might generate.
Assessment:
Examination of 1 hour 15 minutes in two sections.
Section A: supported multiple-choice questions.
Section B: questions based on data.
Externally assessed
50%
of the
total AS
marks
Availability: June
25% of
the total
GCE
marks
Content summary:
This unit considers the market that the business may be operating in; how competition
in the market and macroeconomic change is likely to affect it, and how businesses can
seek to minimise uncertainty through their actions.
Assessment:
Examination of 1 hour 15 minutes in two sections.
Section A: supported multiple-choice questions.
Section B: questions based on data.
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Specification at a glance A
Externally assessed
50%
of the
total A2
marks
Availability: June
25% of
the total
GCE
marks
Content summary:
The aim of this unit is to introduce the student to the world of international business
and issues which a company trading internationally would have to consider.
Assessment:
Examination of 1 hour 30 minutes in two sections.
Section A: questions based on data.
Section B: case study and questions.
25% of
the total
GCE
marks
Content summary:
In this unit, students consider why certain markets fail; how government decision
making affects the economy and markets in which companies operate; and the income
and welfare of private individuals. The unit should enable students to assess why
government economic policy can succeed or fail and why regulation of some markets is
necessary.
Assessment:
Examination of 1 hour 30 minutes in two sections.
Section A: questions based on data.
Section B: decision-making report and questions. (Context of decision-making report
pre-released on www.edexcel.com in June of the previous year.)
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section A
B Specification overview
Summary of assessment requirements
Advanced Subsidiary and Advanced GCE Business Studies
Units 1, 2a, 3, 4a
Advanced Subsidiary and Advanced GCE Economics and
Business Units 1, 2b, 3, 4b
Unit number and unit title
Level
Assessment information
Number
of marks
allocated
in the unit
AS
70 marks
AS
70 marks
AS
70 marks
A2
80 marks
A2
80 marks
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Specification overview B
Level
Assessment information
Number
of marks
allocated
in the unit
A2
80 marks
Note: data represents passages of text which may include graphs, table(s) of information
or diagrams.
% in A2
% in
GCE
A01
30%
20%
25%
A02
30%
20%
25%
A03
20%
30%
25%
A04
20%
30%
25%
100%
100%
100%
TOTAL
Assessment objective
AO1
AO2
AO3
A04
Total
for AO1,
AO2,
AO3 and
AO4
Unit 1
7.5%
7.5%
5%
5%
25%
Unit 2a/b
7.5%
7.5%
5%
5%
25%
Unit 3
5%
5%
7.5%
7.5%
25%
Unit 4a/b
5%
5%
7.5%
7.5%
25%
Total for
Advanced GCE
25%
25%
25%
25%
100%
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section B
B Specification overview
Qualification summary
Subject criteria
Aims
of perspectives
generate enterprising and creative solutions to business problems
and issues
be aware of the ethical dilemmas and responsibilities faced by
10
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
AS/A2 knowledge
and understanding
Specification overview B
poor cash flow or labour productivity and the reasons for this
promote a holistic understanding of business through considering
enquiry.
AS/A2 skills
of sources.
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section B
11
B Specification overview
12
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
15
21
27
33
39
43
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
13
Course structure
Edexcel Advanced Subsidiary and Advanced GCE in Business
Studies
Edexcels Advanced GCE in Business Studies comprises four units
and contains an Advanced Subsidiary subset of two AS units.
The Advanced Subsidiary GCE in Business Studies is the first
half of the GCE course and consists of Units 1 and 2a. It may be
awarded as a discrete qualification or contribute 50 per cent of
the total Advanced GCE marks.
The full Advanced GCE in Business Studies award consists of the
two AS units (Units 1 and 2a), plus two A2 units (Units 3 and4a)
which make up the other 50 per cent of the Advanced GCE.
Students wishing to take the full Advanced GCE must, therefore,
complete all four units.
Edexcel Advanced Subsidiary and Advanced GCE in
Economics and Business
Edexcels Advanced GCE in Economics and Business comprises four
units and contains an Advanced Subsidiary subset of two AS units.
The Advanced Subsidiary GCE in Economics and Business is the
first half of the GCE course and consists of Unit 1 and 2b. It may
be awarded as a discrete qualification or contribute 50 per cent of
the total Advanced GCE marks.
The full Advanced GCE in Economics and Business award consists
of the two AS units (Unit 1 and Unit 2b), plus two A2 units (Unit
3 andUnit 4b) which make up the other 50 per cent of the
Advanced GCE. Students wishing to take the full Advanced GCE
must, therefore, complete all four units.
The structure of these qualifications allows teachers to construct a
course of study which can be taught and assessed either as:
distinct modules of teaching and learning with related units of
14
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Externally assessed
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
15
Unit 1
This topic focuses on the people skills and personal qualities that
entrepreneurs need to succeed. It also touches on why people set
up businesses in the first place.
Content
Teacher guidance
Characteristics of
entrepreneurs
What motivates
entrepreneurs?
Leadership styles
1.3.2 Identifying
a business
opportunity
Content
Teacher guidance
Identifying what
consumers want or need
16
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
1.3.3 Evaluating
a business
opportunity
Unit 1
Content
Teacher guidance
Opportunity costs of
developing one business
idea as opposed to another
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
17
Unit 1
1.3.4 Economic
considerations
Teachers should use real economic data to see the extent to which
recent government economic decisions would impact on their new
business idea. They could also look at the likely impact on a new or
existing business of an increase in local unemployment.
Content
Teacher guidance
Content
Teacher guidance
Sources of finance
18
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
1.3.6 Measuring
the potential
success of a
business idea
Unit 1
Content
Teacher guidance
Measurement of profit
1.3.7 Putting a
business idea into
practice
Content
Teacher guidance
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
19
20
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Externally assessed
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
21
Content
Teacher guidance
Identification of marketing
mix (4Ps Product, Price,
Promotion, Place)
22
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
2.3.2a Managing
the provision
process
Content
Teacher guidance
Capacity utilisation
Stock control
Lean management
Consumer protection
legislation
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
23
Content
Teacher guidance
Budgets
24
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
2.3.4a Managing
other people
Content
Teacher guidance
Different types of
organisational structures
Motivation of staff
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
25
26
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Business Economics
Unit 2b AS
unit (compulsory for Economics and Business)
Externally assessed
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
27
Content
Teacher guidance
Changes in price
28
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Content
Teacher guidance
Different market
structures
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
29
2.3.3b What
makes firms
effective?
Content
Teacher guidance
Different types of
organisational structures
Delegation, consultation,
empowerment, team working, flexible
working, Total Quality Management as
part of company culture.
Lean management
30
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
2.3.4b Businesses
big and small
Content
Teacher guidance
Characteristics of monopoly/
monopsony power, effects of monopoly
power on business and stakeholders,
disadvantages and advantages.
Small is beautiful
2.3.5b An
uncertain future
Content
Teacher guidance
Causes of uncertainty
Why uncertainty is a
problem
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
31
Content
Teacher guidance
Content
Teacher guidance
Uncertainty, re-distribution of
wealth, loss of competitiveness, skills
shortages.
What is unemployment
and how does it affect us
all?
What is structural
change?
32
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Business
Unit 3 International
A2 compulsory unit
Externally assessed
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
33
Unit 3
International Business
Content
Teacher guidance
Product or market
conditions that may
prompt a business to
trade internationally
Content
Teacher guidance
34
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Content
Teacher guidance
Assessment of country
markets
Comparative advantage
and the role of
specialisation by countries
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
35
Unit 3
International Business
3.3.4 Other
considerations
before trading
internationally
Content
Teacher guidance
Responsibility to
stakeholders
Social/cultural differences
in doing business
36
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
3.3.5 Globalisation
Content
Teacher guidance
Global industries
Global marketing
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
37
3.3.6 Are
multinationals a
force for good or
should they be
controlled?
Content
Teacher guidance
Benefits that
multinationals bring to
overseas countries
38
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Business Decisions
Unit 4a Making
A2 unit (compulsory for Business Studies)
Externally assessed
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
39
Content
Teacher guidance
Corporate objectives
Stakeholder influences on
corporate objectives
Corporate culture
Corporate strategy
40
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
4.3.2a Making
strategic decisions
This topic covers the various techniques that may be used by the
business to inform their strategic decision making. Students should
consider non-financial information as well information generated by
the techniques to aid decision making.
Content
Teacher guidance
Decision-making
techniques:
investment appraisal
decision trees
contribution; special
order decisions
Business contingency
planning
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
41
4.3.3a Assessing
competitiveness
Content
Teacher guidance
Interpretation of financial
statements
Human resource
competitiveness
4.3.4a Company
growth
Students will consider how and why companies grow and problems
that company growth can create.
Content
Teacher guidance
Effects of growth
42
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
43
Content
Teacher guidance
Social benefit and social cost, costbenefit analysis its limitations and
usefulness in decision making.
44
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
4.3.2b Should
markets be
regulated?
This unit looks particularly at how markets can work against the
public interest and how the consumer can be adversely affected.
It also looks at how the government tries to protect the public and
the instruments it uses. Finally, the unit looks at how effective this
intervention is and the impact it has on businesses in the UK.
Content
Teacher guidance
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
45
Content
Teacher guidance
The effectiveness of
government action
46
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
4.3.4b Should
government
intervene in
society and what
effects will it
have?
Content
Teacher guidance
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section C
47
48
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Assessment
requirements
Entering
candidates
for this
qualification
Resitting of
units
Awarding and
reporting
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section D
49
Performance
descriptions
Unit results
The minimum uniform marks required for each grade for each unit:
80
70
60
50
40
Qualification
results
160
140
120
100
80
320
280
240
200
160
Language of
assessment
50
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Quality
of written
communication
uu Unit
uu Unit
uu Unit
% in A2
% in
GCE
A01
30%
20%
25%
A02
30%
20%
25%
A03
20%
30%
25%
A04
20%
30%
25%
100%
100%
100%
TOTAL
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section D
51
Synoptic
assessment
Stretch and
challenge
support answers.
52
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Additional information
Malpractice and
plagiarism
Access
arrangements
and special
requirements
special considerations
dates to submit the forms.
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section D
53
Prior learning
There are no prior knowledge requirements for this qualification.
The specification builds on, but does not depend upon, students
having followed a course in GCSE Business, GCSE Economics or
GCSE Business and Economics.
Progression
The qualification provides a solid foundation for studies at a
higher level in the following subject areas: business management,
business administration, accountancy and finance, human resource
management, marketing, retail management, tourism management
and international business.
The qualification may also lead on to a career in the commercial
world, for example in banking, sales, product management or
general management. Business and management skills are also
considered desirable skills to have in public sector organisations or
charities.
Combinations of
entry
Student
recruitment
required standard.
they must be free from barriers that restrict access and
progression.
equal opportunities exist for all students.
54
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
The wider
curriculum
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section D
55
56
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Edexcel publications
You can order further copies of the specification and specimen
examination papers from:
Edexcel Publications
Adamsway
Mansfield
Notts NG18 4FN
Telephone:
Fax:
Email:
Website:
01623 467467
01623 450481
[email protected]
www.edexcel.com
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section E
57
58
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section E
59
Training
A programme of professional development and training courses,
covering various aspects of the specification and examination, will
be arranged by Edexcel each year on a regional basis. Full details
can be obtained from:
Training from Edexcel
Edexcel
One90 High Holborn
London WC1V 7BH
Email:
Website:
60
[email protected]
www.edexcel.com/training
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
F Appendices
Appendix 1 Performance descriptions
63
69
Appendix 3 Codes
71
73
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section F
61
F Appendices
62
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Appendix 1
Performance descriptions
Introduction
Performance descriptions have been created for all GCE subjects.
They describe the learning outcomes and levels of attainment likely
to be demonstrated by a representative candidate performing at
the A/B and E/U boundaries for AS and A2.
In practice most candidates will show uneven profiles across the
attainments listed, with strengths in some areas compensating
in the award process for weaknesses or omissions elsewhere.
Performance descriptions illustrate expectations at the A/B and
E/U boundaries of the AS and A2 as a whole; they have not been
written at unit level.
Grade A/B and E/U boundaries should be set using professional
judgement. The judgement should reflect the quality of candidates
work, informed by the available technical and statistical evidence.
Performance descriptions are designed to assist examiners in
exercising their professional judgement. They should be interpreted
and applied in the context of individual specifications and their
associated units. However, performance descriptions are not
designed to define the content of specifications and units.
The requirement for all AS and A level specifications to assess
candidates quality of written communication will be met through
one or more of the assessment objectives.
The performance descriptions have been produced by the
regulatory authorities in collaboration with the awarding bodies.
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section F
63
64
E/U
boundary
performance
descriptions
c make a partial
evaluation of the
sources considered.
build arguments
use appropriate
numerical and
non-numerical
techniques.
a demonstrate a basic
knowledge and some
understanding of the
business concepts in the
AS specification.
b show some knowledge
and understanding of
the issues arising from
these situations.
Candidates
characteristically:
Candidates
characteristically:
c make a reasoned
evaluation of the
sources considered.
Candidates
characteristically:
use appropriate
numerical and
non-numerical
techniques.
Candidates
characteristically:
a analyse problems,
issues and situations:
a demonstrate knowledge
and understanding
of the key business
concepts in the AS
specification, with few
significant omissions.
b assess the
appropriateness of
information from a
variety of sources
Candidates
characteristically:
Candidates
characteristically:
Candidates
characteristically:
Candidates
characteristically:
A/B
boundary
performance
descriptions
build logical
arguments
Evaluate, distinguish
between and assess
appropriateness of fact
and opinion, and judge
information from a variety
of sources.
objectives
Assessment objective 4
Assessment objective 3
Demonstrate knowledge
and understanding of the
specified content.
Assessment objective 2
Assessment
Assessment objective 1
Appendix 1
Performance descriptions
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
E/U
boundary
performance
descriptions
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
a demonstrate the
application of relevant
knowledge to familiar
and unfamiliar business
contexts
b show some knowledge
and understanding of
the issues arising from
these situations.
Candidates
characteristically:
a demonstrate knowledge
and some understanding
of business concepts
drawn from the A2
specification
Candidates
characteristically:
a critically analyse
business problems,
issues and situations:
a demonstrate effective
application of relevant
knowledge to familiar
and unfamiliar business
contexts
a demonstrate precise
knowledge and
understanding of key
business concepts
drawn from the A2
specification, with few
omissions
b outline a business
strategy.
use appropriate
numerical and nonnumerical techniques
build arguments
a provide a simple
analysis of business
problems, issues and
situations:
Candidates
characteristically:
c develop a business
strategy.
b analyse a business
strategy
use appropriate
numerical and nonnumerical techniques
c make an evaluation of
the sources considered.
b assess the
appropriateness of
information from several
sources
Candidates
characteristically:
c make a well-reasoned
evaluation of the
sources considered.
Candidates
characteristically:
Candidates
characteristically:
Candidates
characteristically:
Candidates
characteristically:
A/B
boundary
performance
descriptions
build logical
arguments
Evaluate, distinguish
between and assess
appropriateness of fact
and opinion, and judge
information from a variety
of sources.
objectives
Assessment objective 4
Assessment objective 3
Demonstrate knowledge
and understanding of the
specified content.
Assessment objective 2
Assessment
Assessment objective 1
Performance descriptions
Appendix 1
Section F
65
66
E/U
boundary
performance
descriptions
models.
institutions
terminology
b demonstrate some
understanding of:
to issues arising in
familiar situations.
terminology
numerical and
graphical techniques
b demonstrate partial
explanations of
economic problems and
issues.
stating conclusions.
offering judgements
a evaluate straightforward
economic arguments
and evidence at a simple
level, for example by:
a demonstrate some
evidence of selecting
relevant concepts,
models, theories and
techniques
a demonstrate knowledge
of some facts and
concepts included in the
AS specification
concepts
Candidates
characteristically:
Candidates
characteristically:
reaching and
presenting
conclusions.
making judgements
Candidates
characteristically:
to issues arising in
familiar and unfamiliar
situations.
terminology
Candidates
characteristically:
models.
institutions
terminology
b demonstrate clear
understanding of:
numerical and
graphical techniques
prioritising evidence
and arguments
a evaluate straightforward
economic arguments
and evidence by:
a apply:
a demonstrate detailed
knowledge of a range
of facts and concepts
included in the AS
specification
b demonstrate, for the
most part, development
of logical explanations of
economic problems and
issues with focus and
relevance.
Candidates
characteristically:
Candidates
characteristically:
Candidates
characteristically:
Candidates
characteristically:
A/B
boundary
performance
descriptions
concepts
Evaluate economic
arguments and evidence,
making informed
judgements.
objectives
Assessment objective 4
Assessment objective 3
Demonstrate knowledge
and understanding of the
specified content.
Assessment objective 2
Assessment
Assessment objective 1
Appendix 1
Performance descriptions
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
E/U
boundary
performance
descriptions
to complex issues
arising in a range of
situations, some of
which may be unfamiliar.
terminology
b demonstrate partial
development of logical
explanations for complex
economic problems and
issues.
make judgements
make
recommendations.
Performance descriptions
models
institutions
terminology
numerical and
graphical techniques
concepts
a demonstrate some
evaluative skills in
relation to complex
economic arguments
and evidence:
a demonstrate some
evidence of selecting
relevant concepts,
models, theories and
techniques
Candidates
characteristically:
Candidates
characteristically:
make reasoned
recommendations.
make reasoned
judgements
Candidates
characteristically:
to complex issues
arising in familiar and
unfamiliar situations.
terminology
prioritise evidence
and arguments
Candidates
characteristically:
models
institutions
terminology
numerical and
graphical techniques
a evaluate effectively
complex economic
arguments:
Candidates
characteristically:
Candidates
characteristically:
Candidates
characteristically:
Candidates
characteristically:
A/B
boundary
performance
descriptions
a detailed knowledge of
a range of facts and
concepts
Evaluate economic
arguments and evidence,
making informed
judgements.
objectives
Assessment objective 4
Assessment objective 3
Demonstrate knowledge
and understanding of the
specified content.
Assessment objective 2
Assessment
Assessment objective 1
Appendix 1
Section F
67
F Appendices
68
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Appendix 2
Wider curriculum
Signposting
Issue
Unit 1
Spiritual
Unit 2
Unit 3
Unit 4
Moral
Cultural
Citizenship
Environmental
European initiatives
Ethical
Social
Development suggestions
Issue
AS/A2
units
Spiritual
Unit 1
Moral
Ethical
Unit 2
Unit 3
Unit 1
Unit 2
Unit 3
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section F
69
Issue
AS/A2
units
Social
Unit 2
Unit 3
Unit 4
Cultural
Unit 3
Unit 4
Citizenship
Unit 3
Environmental
Unit 3
European initiatives
70
Unit 4
Unit 3
Unit 4
Unit 2
Induction training legal requirement for health and safety training for
new recruits.
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Appendix 3 Codes
Type of code
Use of code
Code number
National
classification codes
National
Qualifications
Framework (NQF)
codes
Business Studies
AS 500/2444/9
Advanced GCE
500/2443/7
Economics and Business
AS 500/2462/0
Advanced GCE
500/2442/5
Unit codes
Business Studies
Unit 1 6BS01
Unit 2a 6BS02
Unit 3 6BS03
Unit 4a 6BS04
Economics and Business
Unit 1 6EB01
Unit 2b 6EB02
Unit 3 6EB03
Unit 4b 6EB04
Cash in codes
Business Studies
AS 8BS01
Advanced GCE 9BS01
Economics and Business
AS 8EB01
Advanced GCE 9EB01
Entry codes
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section F
71
F Appendices
72
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Appendix 4
Please note that while resources are checked at the time of publication, materials may be
withdrawn from circulation and website locations may change at any time.
The following resources may be useful.
Books
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section F
73
74
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section F
75
76
Pearson Edexcel Level 3 GCE in Business Studies and in Economics and Business
Useful websites
www.acas.gov.uk
www.bized.co.uk Business studies resources and revision
materials for teachers and students
www.gov.uk Government website providing information about
government departments and policies
Business Review magazine (www.philipallan.co.uk) Business
topics/articles and examination tips aimed at students
www.competition-commission.org.uk Competition Commission
The Economist magazine www.student-subscription-service.co.uk/
magazine-the-economist.asp Has an online subscription service
with student rates
www.fairtrade.org.uk The Fairtrade Foundation
FlashRevise Pocketbook (www.hoddereducation.co.uk) Card per
business topic for revision purposes
The Grocer Magazine (www.thegrocer.co.uk) Product and
marketing information for items supplied in supermarkets etc
www.guardian.co.uk/business/economics Topical newspaper
articles on economics
www.keynote.co.uk Individual market summaries for products
or services, usually includes market trend and size information
www.oft.gov.uk Office of Fair Trading
www.statistics.gov.uk National statistics online
www.tutor2u.net Quizzes, revision notes and presentations on
major business topic areas
www.zoopla.com Provides ACORN profile for a geographic
postcode useful for market segmentation information
www.whystudyeconomics.ac.uk Why Study Economics?
Pearson Edexcel Level 3 GCE in Business Studies and Economics and Business
Section F
77