AQA 8132
Business
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Full Curriculum Overview
Everything you need to know for Business
Exam Overview and Assessment Objectives
Paper 1 + 2 • Both
Key Facts
- AO1: knowledge of business concepts.
- AO2: apply knowledge to context.
- AO3: analyse data and evidence.
- AO4: evaluate and justify decisions.
Subtopics
Paper StructureEvaluation Questions
Business in the Real World
Paper 1 • Both
Key Facts
- Revenue minus costs equals profit.
- Stakeholders include owners, employees, customers, suppliers, and the community.
- Risk and reward increase with larger investment.
Subtopics
Business Purpose and ObjectivesOwnership and LiabilityEntrepreneurs
Influences on Business
Paper 1 • Both
Key Facts
- Stakeholder interests can overlap or conflict.
- Ethical operations can increase costs short term.
- Location decisions affect costs and access to markets.
Subtopics
StakeholdersEthics and the EnvironmentLocation Factors
Business Operations
Paper 1 • Both
Key Facts
- Lean production aims to reduce waste.
- Capacity utilisation measures how fully a business uses resources.
- High utilisation can cause quality problems.
Subtopics
Production MethodsQuality and EfficiencyInventory Management
Human Resources
Paper 1 • Both
Key Facts
- Labour turnover measures staff leaving over time.
- High absenteeism reduces output and raises costs.
- Leadership style should match staff experience and culture.
Subtopics
RecruitmentTraining and DevelopmentMotivation and Leadership
Marketing
Paper 2 • Both
Key Facts
- Penetration pricing sets a low price to gain market share.
- Skimming sets a high price for early adopters.
- Promotion includes advertising, social media, and PR.
Subtopics
Market ResearchSegmentation and TargetingMarketing Mix
Finance
Paper 2 • Both
Key Facts
- Revenue minus costs equals profit.
- Break-even point is where total costs equal total revenue.
- Liquidity issues can stop a profitable business from trading.
Subtopics
Profit and LossCash FlowFinancial Ratios
Business Growth
Paper 2 • Both
Key Facts
- Organic growth is slower but lower risk.
- External growth can create integration issues.
- Economies of scale improve competitiveness.
Subtopics
Methods of GrowthIntegrationEconomies of Scale
External Influences
Paper 2 • Both
Key Facts
- Exchange rates affect import and export prices.
- Changes in disposable income affect demand.
- Legal compliance can increase operating costs.
Subtopics
Economic FactorsLegal and Political FactorsTechnology and Competition