N5 Business Management

Business plays an important role in society, as it creates wealth, prosperity, jobs and choices. It is therefore essential to have effective businesses and business managers to sustain this role.

The course develops an understanding of the economic and financial environment in which businesses operate. This enables learners to make an effective contribution to society as consumers, employees, employers or self-employed people.

Learners gain skills in personal financial through knowledge of financial management in a business context. The course introduces learners to the dynamic, changing, competitive, and economic environment of industry and commerce. It develops skills in communicating and presenting business-related information, in a variety of formats, to various stakeholders of an organisation. By studying this course, candidates develop an appreciation of customer focus, enterprise, and decision-making.

Candidates should have achieved the fourth curriculum level or the National 4 Business course or equivalent qualifications and/or experience prior to starting this course.

The following units are studied:

• Understanding Business

• Management of Marketing

• Management of Operations

• Management of People

• Management of Finance

The course assessment consists of 2 components: a question paper and an assignment. The question paper has a total mark allocation of 90 marks. This is 75% of the overall marks for the course assessment. The assignment has a total mark allocation of 30 marks. This is 25% of the overall marks for the course assessment. The assignment is designed to be completed over a notional period of 5 hours. This includes time for research and producing a final business report.

The course may provide progression to:

• Higher Business Management

• Further study, employment and/or training

Customer Services, Human Resources, Marketing, Operations, Finance, Management.