CCEA • Business studies

A look at what is a decision tree, factors to include, diagrams to illustrate a decision tree and how to construct one. Advantages and disadvantages of a decision tree is provided.

A look at how to approach decision making.

A detailed document of who stakeholders are, their objectivesm how these objectives may clash and methods to resolve them.

Definition of what is ratio analysis. Types of ratios. Who uses ratios? Performaance ratios i.e. ROCE, Net Profit or Gross Profit. Liquidity Ratios o.e. Current Ratio or Acid Test Ratio. Gearing ratio. Shareholder Ratios. How to evaluate a company's ratios.

A look at what is culture, culture within a company and how to change culture via a groupthink.

A look at the income statement and statement of financial position with diagrams and examples. User of Financial Data both internal and external. How to calculate gross profit, cost of sales and net profit. How to evaluate an income statement. The assets and liabilities of a company.

Key company accounts definitions and the purpose of an income statement and statement of financial position.

A look at organic and inorganic (internal and external) growth. Advantages and disadvantages are provided.

A look at all the stakeholders in a business, their objectives, how conflict may arise and types of conflict between different groups i.e. between customers and shareholders. A look at strategic evaluation and its advatnages and disadvantages.

What is conflict and the methods to resolve it: avoidance, accommodating, forcing, compromise and problem solving.