Topic 1.1 Enterprise and entrepreneurship
Dynamic Nature of Business
Risk & Reward
Role of Business Enterprise
Understanding Customer Needs
Topic 1.2 Spotting a business opportunity
Market Research
Primary Research
Secondary Research
Qualitative Data vs Quantitative Data
Market Segmentation
The Competitive Environment
Topic 1.3 Putting a business idea into practice
Business Aims and Objectives
What is Revenue?
Fixed, Variable & Total Costs
Calculating Profit and Loss
Interest Rates
Break Even
The Importance of Cash to a Business
Cash Flow Forecasting
Sources of Finance
Topic 1.4 Making the business effective
Limited Liability and Unlimited Liability
Types of Business Ownership
How Franchising Works
Factors Influencing Business Location
Marketing Mix 4ps
How the 4Ps Work Together
Business Plans
Topic 1.5 Understanding external influences on business
Stakeholders
Technology and Business
Consumer Rights
Employment Law
Impact of Legislation
Economy & Business
External Influences
Exam Practice
GCSE Business Paper 1 Revision Blast & Exam Technique Recap
Evaluate 12 marker questions
Justify 9 marker questions
Anaylse 6 marker questions
Discuss 6 marker questions
Explain 3 marker questions
Outline 2 marker questions
Multiple Choice questions 1 mark