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Business Studies Unit 1 WJEC AS All topic notes
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Courses that this covers:
WJEC Business Studies unit 1
Made by Student: Owen Nosal
College: Cronton Sixth Form College
Teacher: Pam
1
,2
, Welcome to Business Studies
• In this chapter you will learn many things
about the study of business. The course is split
into 2 units, unit 1 and unit 2.
• Unit 1 is much smaller and it focuses on small
business
• Unit is about big business, think corporation,
and it has twice as much topics as unit 1.
3
, What are the exams like?
• There are 2 exams. Unit 1 and Unit 2
• Unit 1 is pretty much the easier one
• Unit 2 is like unit 1 but on steroids. There are much more essay based questions. Writing skills are
needed.
• There are 4 skills you need to know: Each question requires 1 or maybe all 4 of these skills.
• A01 – Content
• A02 – Application
• A03 – Analysis
• A04 - Evaluation
4
,Are you ready to begin your quest in
becoming the ultimate drug dealer
entrepreneur?
Are you?
5
, Introduction to unit 1
• Topics covered –
• Enterprise – Stakeholders, SME’s, Needs and wants & opportunities,
Entrepreneur, Sectors (P/S/T)
• Business Plans – Business plans, sources of info
• Markets – Types of markets, market analysis, market segmentation,
Market competition, Supply and demand, Elasticity of demand
• Business revenue and costs – Types of costs, Calculating costs,
revenue, profits, contribution, breakeven.
• Business Finance – sources of finance, ads and disads
• Location – Location factors
• Business Structure – Publics and private, Sectors, Objectives, Legal
structures, Social NFP business.
• Market Research – Types of market research, Qualitative and
quantitative, Data, Sampling
6
,That’s a total of 32 topics in unit 1 alone!
7
, On the bright side…
• Not all of these topics will be on the paper. 32
topics in 1 hour?!!??
8
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