Edexcel GCSE Business
Theme 1: Investigating Small Business
1. Enterprise and Entrepreneurship
o The role of enterprise
o The purpose of business activity
o Characteristics of entrepreneurs
o Risks and rewards
2. Spotting a Business Opportunity
o Identifying customer needs
o Market research methods
o Market segmentation
o Understanding competition
3. Putting a Business Idea into Practice
o Business aims and objectives
o Revenue, costs, and profit
o Cash flow forecasting
o Sources of finance
4. Making the Business Effective
o Choosing the right legal structure (e.g., sole trader, partnership, limited
companies)
o The importance of location
o The marketing mix (product, price, place, promotion)
o Business plans
5. Understanding External Influences on Business
o The impact of economic factors (inflation, interest rates, exchange rates)
o Legislation affecting business
o Ethical and environmental considerations
o Stakeholders and their impact on business
Edexcel GCSE Business
Theme 2: Building a Business
6. Growing the Business
o Methods of growth (internal and external)
o The role of mergers and takeovers
o Business aims and objectives for growth
o Globalisation and international trade
7. Making Marketing Decisions
o Product differentiation and branding
o Pricing strategies
o Promotional methods
o Distribution channels
8. Making Operational Decisions
o The role of procurement and supply chains
o Production methods (job, batch, flow)
o The importance of quality control and assurance
o The impact of technology on operations
9. Making Financial Decisions
o Understanding business finance (income statements, balance sheets)
o Break-even analysis
o The importance of cash flow
o Financial performance indicators
10. Making Human Resource Decisions
Organisational structures (hierarchical vs. flat)
Recruitment and selection processes
Training and development
Motivation theories and management styles