The course provides opportunities for learning in a challenging and enjoyable way as it relates the study of business to real-life contexts.
The main areas covered in Nat 5 are:
Understanding Business
Pupils develop skills, knowledge and understanding of the role of different types of business organisations.
Management of Marketing
Pupils learn about the processes and procedures organsiations use to maintain competitiveness and how marketing to communicate with consumers.
Management of Operations
Pupils learn about the processes and procedures used to maintain quality through effective management of suppliers, inventory and production methods.
Management of People
Pupils learn about the human resources management department and how employees contribute to the success of organisations.
Management of Finance
Pupils learn about the basic theories and concepts relating to financial aspects of business when preparing and interpreting information to solve financial problems.
Nat 4 Business
Business in Action
Business Influences
Assignment
This is assessed through the production of internally assessed units and an Added Value Unit for Nat 4.
Nat 5 Business Management
Understanding Business
Management of Marketing
Management of Operations
Management of People
Management of Finance
Course Assessment:
National 4 Internal Units and Added Value Unit
National 5 Final Exam (75%) and Assignment Report (25%)
The course provides opportunities for learning in a challenging and enjoyable way as it relates the study of business to real-life contexts.
The Higher course develops pupils’ ability to apply knowledge and understanding of the impact of business activities on society and apply the ideas of ethical and effective business decision making to solve strategic business-related problems.
The main areas of study are:
Understanding Business
Pupils gain knowledge of different types of businesses in different sectors of economy and industry. They analyse the impact that internal and external environments have on an organisation’s activity and their stakeholders. Pupils also cover methods of growth, and business structures.
Management of Marketing
Pupils learn about the market and concepts used to improve competitiveness and customer satisfaction. Pupils gain knowledge in market strategies, including the marking mix.
Management of Operations
Pupils learn about how organisations improve and maintain quality, and use of technologies in manufacturing. Furthermore pupils analyse the ethics of manufacturing and different methods of production.
Management of People
Pupils learn theories and concepts relating to recruitment, and selection, training, retention and motivation of employees.
Management of Finance
Pupils learn to analyse financial documents used by organisations in financial situations including cash budgets and final accounts. Furthermore, pupils gain an insight in to how both small and large organisation source funding and the role that finance plays within business.
Units:
Understanding Business
Management of Marketing
Management of Operations
Management of People
Management of Finance
Course Assessment:
This is assessed through a Final Exam which is 75% of the final award and an Assignment Task which is 25% of the final award.
Pupils will also complete end of Unit Assessments.
Further Education:
College courses or degrees in
Accounting, Business Administration, Business Management, Marketing Management, Human Resource Management.