Business Studies AS/A2 Level *FEES PAYABLE* at Millfield School
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
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.
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
Unit 3: Strategies for Success. The aim of this
unit is to investigate the setting of objectives,
measurement of performance and design of
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
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.
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.
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.
ATTENTION: Please ensure that you understand that course fees will be
payable before submitting your application.
How to apply
If you want to apply for this course, you will need to contact Millfield School directly.