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Business Studies AS/A2 Level *FEES PAYABLE* at Millfield School

Course description

view A level Business Studies is a very popular subject

both at Millfield and university. Business Studies

examines how business decisions are made in the

context of accounting and finance, marketing,

human resources, production and the economy at

large. The objectives and strategies of businesses

are studied and pupils are invited to develop and

recommend courses of action for businesses facing

a range of problems. Much reference is made to

businesses in the news and the subject is lively and

relevant either as a route to a business career or

simply as a way of becoming more informed as a

consumer.

 

What do people want? Will the product satisfy

those wants? How can the efficiency of production

be improved? What pricing strategy should the firm

adopt? How should the business be financed? Why

do mergers and takeovers occur and what are their

consequences? How could a firm improve the

motivation of its workforce? Which investment

projects should go ahead? How does the

Government influence business decisions? Can firms

manipulate demand as well as supply - is consumer

sovereignty under threat?

These are just a few of the questions examined on this course and in the real business world.

Course content

AS

Unit 1: Planning and Financing a Business.

The core themes here are how to start a business

and carry out the necessary financial planning.

Topics include: enterprise, generating and protecting

business ideas, transforming resources into goods

and services, developing business plans, conducting

start-up market research, understanding markets,

choosing the right legal structure for the business,

raising finance, locating the business, employing

people, calculating costs, revenues and profits,

break-even analysis, cash flow forecasting,

budgets and assessing business start-ups.

 

Unit 2: Managing the Business. This unit

concentrates on the management of finance,

people, operations management and marketing.

Topics include: using budgets, improving cash flow,

measuring and increasing profit, improving

organisational structures, measuring effectiveness of

the workforce, recruitment, training and motivation

of the workforce, making operational decisions,

quality control, customer service, working with

suppliers, IT in operations, effective marketing,

designing the marketing mix, marketing and

competitiveness.

 

A2

Unit 3: Strategies for Success. The aim of this

unit is to investigate the setting of objectives,

measurement of performance and design of

business strategy.

Topics include: using objectives and strategies,

understanding financial objectives, using financial

data to measure performance, interpreting published

accounts, selecting financial strategies, making

investment decisions, marketing objectives and

strategies, developing and implementing marketing

plans, understanding operational objectives and

strategies, innovation, lean production, HR objectives

and strategies, workforce planning, organisational

structures and effective employer/employee relations.

Unit 4: The Business Environment and Managing

Change. This unit is synoptic and draws upon all

other units. It considers the relationship between

businesses and external factors. It examines how

external factors can impact upon businesses, and

the responses they may take. The unit also examines

a number of themes which are important in the

strategic management of businesses, for example,

leadership and corporate culture. Candidates should

consider how businesses can manage change

successfully.

Topics include: understanding mission, aims and

objectives, assessing changes in the business

environment, legal and political factors, the social

environment, technological change, the competitive

environment and managing change.

 

Entry requirements

It is desirable to have at least C grades in

GCSE English and Mathematics to study Business

Studies at A level; Business degree courses can

have higher GCSE Mathematics requirements.

Assessment

The course is assessed through written examinations for each unit.

There is no coursework.

Exams consist of short answer questions, extended responses based on a mini case study, multi-part data response questions, an unseen case study with a range of numerical data and a choice of essay titles.

Financial information

ATTENTION: Please ensure that you understand that course fees will be
 payable before submitting your application.

Future opportunities

N/A

How to apply

If you want to apply for this course, you will need to contact Millfield School directly.

Last updated date: 15 May 2015
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Key information

  • Start date: Next September
  • Duration: 1 - 2 Years

Venues

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    • By Rail 

      Rail users may travel to Castle Cary (12 miles), Bath (30 miles), Bristol (29 miles) or Yeovil Junction (19 miles).

      By Road

      From the M5 leave the motorway at junction 23 and join the A39 eastwards. From the M3 leave the motorway at junction 8 and join the A303 westwards and then the B3151 for Millfield

       
      ATTENTION: Please ensure that you understand that course fees will be payable before submitting your application.