2011 Business Studies & Economics www.pearsonschoolsandfecolleges.co.uk BUSINESS 14–16 Edexcel GCSE Business 2–4 GCSE Business Studies 5 Edexcel GCSE in Applied Business 6–7 IGCSE Business Studies 8 Other 14–16 Business 8 BUSINESS 16+ A Level Business Studies 9 Revision Express Business Studies 10 A Level Applied Business 11 BUSINESS SOFTWARE World of Work Business Levels 1 and 2 12 eCase Studies 13 Active Business 13 BUSINESS, ADMINISTRATION AND FINANCE DIPLOMA Edexcel Business Administration and Finance Diploma 14 WorkSkills 15 Projects/Extended Projects 15 BTEC BUSINESS BTEC Business: overview 16 BTEC Entry 3/Level 1 Business Administration 17 BTEC Level 2 First Business 18 BTEC Level 3 National Business 19 BTEC Apprenticeships 20 Functional Skills 20 OCR NATIONAL BUSINESS OCR National Business 21 NVQ/SVQ NVQ/SVQ: overview 22 Level 2 NVQ/SVQ Customer Service 23 Level 2 NVQ/SVQ Business and Administration 24–25 Level 3 NVQ/SVQ Business and Administration 24–25 BUSINESS ACCOUNTING Business Accounting 26–27 OTHER BUSINESS Applied Leisure and Tourism 28 Other Business 28–29 ECONOMICS OCR GCSE Economics 30 IGCSE Economics 31 A Level Economics 32–33 Edexcel GCE Economics 34 OCR A Level Economics 35 Other Economics 36 new! new! new! new! new! new! new! new! Contents 5 great ways to save when you order online at www.pearsonschoolsandfecolleges.co.uk Unbeatable teaching, learning and assessment resources from Heinemann. Also features Edexcel’s own resources to provide even greater flexibility and choice. Look out for the logos at the top of each page as a guide! Talk to us before you buy 0845 630 33 33 0845 630 77 77 customer.orders@pearson.com www.pearsonschoolsandfecolleges.co.uk @ Cover image credit: Shutterstock/r.nagy t 0845 630 33 33 f 0845 630 77 77 @ customer.orders@pearson.com w www.????.co.uk 00 Running Head 1 t 0845 630 33 33 f 0845 630 77 77 @ customer.orders@pearson.com w www.pearsonschoolsandfecolleges.co.uk Level 1 Level 2 Level 3 GCSE Business  GCSE Applied Business  IGCSE  A Level Business  A Level Applied Business  BTEC  Edexcel Diploma  OCR National  NVQ/SVQ Business and Administration  OCR Certifi cate in Administration  MyBusSpace  WOW: World of Work  Active Business  eCase Studies  The BIGGEST choice of Business and Administration resources for you! Alain Anderton  Ian Gunn Andrew Ashwin consultant editor Student Book Business: Introduction to Small Business Edexcel GCSE  Edexcel’s own resources to cover the different pathways Edexcel GCSE Business delivers complete fl exibility for you and your students, with published materials to cover the compulsory unit and three optional units – giving you resources for each of the different business pathways. 2 NEW for 2011: Unit 1 Exam Preparation CD-ROM see page 4 for further details! O Deliver engaging lessons with the Student Books, Teacher Guides and ActiveTeach CD-ROM, providing you with tools to motivate and interest your students. O Plan lessons with ease – ActiveTeach includes interactive activities and suggested answers, plus a host of teaching resources linked to the electronic version of the specifi cation. O Support exam preparation with Edexcel’s brand new Unit 1 Exam Preparation CD-ROM as well as its exclusive ResultsPlus and examzone features, fully integrated throughout the Student Books and ActiveTeach. O Prepare students for the new controlled assessment Unit 2 with our Controlled Assesment Workbook, packed with ‘good practice’ examples to show students how to succeed. Edexcel GCSE Business Edexcel GCSE Business: Introduction to Small Business Student Book 978 1 846904 96 7 £15.99 Teacher Guide 978 1 846906 05 3 £77.50 (+VAT) Edexcel GCSE Business ActiveTeach CD-ROM 978 1 846904 95 0 £300.00 (+VAT) Edexcel GCSE Business Controlled Assessment Workbook 978 1 846906 92 3 £3.99 Edexcel GCSE Business Unit 1 Exam Preparation CD-ROM 978 1 846909 45 0 £150.00* (+VAT) December 2010 *Prices are provisional until publication. Alain Anderton  Ian Gunn Andrew Ashwin consultant editor Student Book Business: Introduction to Small Business Edexcel GCSE Alain Anderton  Andrew Malcolm Andrew Ashwin consultant editor Student Book Business: Building a Business Edexcel GCSE Andrew Ashwin  Nicola Walker Andrew Ashwin consultant editor Student Book Business: Business Communications Edexcel GCSE Johathan Sheilds  Keith Hirst Andrew Ashwin consultant editor Student Book Business: Introduction to Economic Understanding Edexcel GCSE Active Teach Business Edexcel GCSE Compulsory Unit Optional Units Other Support Edexcel GCSE Business: Building a Business Student Book 978 1 846904 97 4 £15.50 Teacher Guide 978 1 846906 06 0 £77.50 (+VAT) Edexcel GCSE Business: Business Communications Student Book 978 1 846904 98 1 £15.50 Teacher Guide 978 1 846906 07 7 £77.50 (+VAT) Edexcel GCSE Business: Introduction to Economic Understanding Student Book 978 1 846904 99 8 £15.50 Teacher Guide 978 1 846906 08 4 £77.50 (+VAT) ActiveTeach is not a stand-alone resource and needs to be used in conjunction with the Student Books. new! Edexcel’s GCSE Business resources 3 t 0845 630 33 33 f @ customer.orders@pearson.com w www.pearsonschoolsandfecolleges.co.uk0845 630 77 77 Business 14–16 Edexcel GCSE Business Authors Alain Anderton Andrew Ashwin Ian Gunn Keith Hirst Andrew Malcolm Johnathan Shields Nicola Walker Consultant editor: Andrew Ashwin NEW for 2011: Unit 1 Exam Preparation CD-ROM see page 4 for further details! ActiveTeach is a powerful electronic learning resource that combines innovative teaching materials with the fl exibility to introduce your own resources – providing you with the perfect solution for seamless lesson planning and exciting whole-class teaching. O Interactive activities, animations and simulations support your explanation of key processes and concepts. O ‘Create your own lesson’ facility allows you to draw upon material in the electronic Student Book and Teacher Guide to compile your own lessons. O ResultsPlus interactives help students to really understand and improve their exam skills. O examzone caters for all your students’ revision needs with interactive multiple choice questions, topic checklists, mobile phone fl ashcards and much more. ActiveTeach The ultimate front-of-class teaching tool! BBC video clips linked to case studies further illustrate key points and bring the study of business to life. eSpec links directly to the electronic version of the specifi cation when it’s uploaded onto your computer. Display the ActiveBook, a digital version of the Student Book, on a whiteboard and launch materials such as video clips, activity worksheets, answers and much more direct from the page. ResultsPlus combines real exam performance data with examiner insight, matching examiner commentary to student answers and identifying how to improve answers. www. For further information on the specifi cation or our new resources, please visit www.pearson schoolsandfecolleges.co.uk/ edexcelgcsebusiness. Active Teach Business Edexcel GCSE Sample screenshots from Edexcel GCSE Business ActiveTeach CD-ROM . Business 14–16 4 Edexcel GCSE Business Unit 1 Exam Preparation CD-ROM Help to prepare your students thoroughly for the exam Controlled Assessment Workbook Helping you to approach Controlled Assessment with confi dence new! Edexcel GCSE Business Unit 1 Exam Preparation CD-ROM is written by examiners and will prepare your students for the Unit 1 exam. O A PowerPoint tutorial with audio voice-over explains how to approach multiple-choice questions and the skill behind getting to the right answer. O End-of-topic interactive tests enable your students to test their knowledge and understanding of the Unit 1 content. O Two Edexcel-style exams are available as interactive tests or as paper versions to provide exam skills practice. O PowerPoint revision notes for each topic cover all of the key concepts and ideas so that your students are fully prepared. Developed in partnership with Edexcel and written by a senior examiner, this structured Workbook leads students through the assessment criteria to ensure complete coverage of the specifi cation requirements. O Unpicks the mark scheme and provides practice and guidance at every stage, so students can complete each part of the controlled assessment with confi dence. O Fill-in templates provide structure and guidance for research, presentation, analysis and evaluation tasks. O Packed with ‘good practice’ examples and ResultsPlus activities to help students to understand their learning. Edexcel GCSE Business Unit 1 Exam Preparation CD-ROM 978 1 846909 45 0 £150.00* (+VAT) December 2010 *Prices are provisional until publication Edexcel GCSE Business Controlled Assessment Workbook 978 1 846906 92 3 £3.99 Chapter 5 The research period You should now know that you have up to six hours to carry out your research. This is not a long time and so it is essential that you plan your research carefully. It is useful for your centre to carry out a practice run of the CA with a different title to the one you will actually submit for assessment. This is an excellent opportunity for you to practise some of the skills in researching, as well as experiencing and solving some of the problems. This chapter will go through the main issues that you need to think about when researching.You can use the ideas and templates here for the practice run and for the real CA to help you organise your research better. Types of research There are two ways in which you can gather information. Primary research involves gathering information that is new and which does not already exist. Primary research methods include: • interviews • questionnaires/surveys • observation • work experience • visiting businesses. Secondary research involves gathering information that is already available. Secondary research methods include using: • newspapers • magazines • books • the Internet • television • data sources such as the Office for National Statistics, Bank of England and business websites. You may decide to do all your research using secondary data – that is perfectly OK. If you choose to use primary research as well as secondary research, make sure that your primary research gives you useful information.You do not have to cover all the methods above. Choose carefully, depending on the information that you want to find. Activity: On the right is a checklist that you can use to help you decide which methods of research are appropriate for the question you are investigating. Chapter 5 The research period 26 Primary Interviews ■ Questionnaires/surveys ■ Observation ■ Work experience ■ Visiting businesses ■ Other ■ Secondary Newspapers ■ Magazines ■ Books ■ The Internet ■ Television ■ Business/information websites ■ Other ■ A write-in format enables students’ materials to be stored in one place as part of the specifi cation’s ‘controlled’ conditions. new! Business 14–16 5 GCSE Business Studies, 3 rd edition Alain Anderton’s best-selling case study approach These best-selling GCSE Business Studies resources from Alain Anderton take his popular case study approach to provide all-round support for AQA, Edexcel, OCR and CCEA. Student Books O Provide coverage of the specifi cations, with separate editions to match the AQA, Edexcel, OCR and CCEA objectives. O Powerful and easy-to-use ICT resources with engaging multimedia material link seamlessly to a digital version of the Student Book. t 0845 630 33 33 f 0845 630 77 77 @ customer.orders@pearson.com w www.pearsonschoolsandfecolleges.co.uk Author Alain Anderton is a best-selling GCSE Business Studies author and examiner. Best-selling resources for GCSE Business Studies AQA Student Book with FREE ActiveBook CD-ROM 978 1 405864 50 3 £22.60 (+VAT) Edexcel Student Book with FREE ActiveBook CD-ROM 978 1 405864 49 7 £22.60 (+VAT) OCR Student Book with FREE ActiveBook CD-ROM 978 1 405864 51 0 £22.60 (+VAT) CCEA Student Book with FREE ActiveBook CD-ROM 978 1 405864 52 7 £22.60 (+VAT) AQA Teacher Guide 978 1 405867 51 1 £87.00 Edexcel Teacher Guide 978 1 405867 53 5 £87.00 OCR Teacher Guide 978 1 405867 54 2 £87.00 CCEA Teacher Guide 978 1 405892 32 2 £79.99 Sample pages from GCSE Business Studies AQA Student Book . Fresh and modern design with accessible features to motivate students of all abilities. Relevant and contemporary contexts with up-to-date case studies that students can relate to. Business 14–16 6 Edexcel’s own resources for GCSE in Applied Business help you to deliver the concepts and theory that your students need in an engaging, accessible and – above all – strongly applied way. Student Book O This full-colour book covers all the course content so students can focus on what they need to know. O Up-to-date case studies from a range of sectors and companies bring a work-related feel to lessons and support students in relating theory to practice. O A dedicated assessment section for each unit provides tips on planning and revision, along with exam questions with model answers to help students to maximise their potential. Edexcel GCSE in Applied Business (Double Award) The complete solution for applied learning from Edexcel Edexcel GCSE in Applied Business Authors Carol Carysforth Rob Dransfi eld Mike Neild Cathy Richards Consultant Editor Andrew Ashwin, Chief Examiner, Edexcel Student Book 978 1 846903 77 9 £20.99 Sample pages from Edexcel GCSE Applied Business Student Book ‘Take it Further’ features develop and stretch students’ thinking and encourage them to take their learning further. ‘Remember it’ boxes are useful for revision and help students to remember key knowledge. ‘Apply it’ features encourage students to apply what they’ve just learnt to a real-world scenario. contents 1 Investigating how businesses work 2 Financial records 3 Investigating people, business and change 4 Financial planning and forecasting Teacher Guide with ActiveTeach CD-ROM 978 1 846903 78 6 £199.00 (+VAT) Sample pages from Edexcel GCSE Applied Business Teacher Guide Teacher Guide with ActiveTeach CD-ROM O Provides complete support for teachers with a strong focus on applied learning, differentiation, assessment and planning. O The ActiveTeach CD-ROM contains customisable teaching material, PowerPoint presentations and a range of student activities to spice up your lessons. O ActiveTeach includes an interactive Student Book with activities to apply the learning, giving you an engaging way of bringing the theory to life. Sample screenshot from Edexcel GCSE Applied Business ActiveTeach CD-ROM Practice activities develop examination skills. Catherine Richards Series editor: Andrew Ashwin Applied Business CD-ROM inside Edexcel GCSE Teacher Guide Edexcel GCSE Applied Business Written by Carol Carysforth, Rob Drans eld, Mike Neild and Catherine Richards Series editor: Andrew Ashwin Business 14–16 t 0845 630 33 33 f @ customer.orders@pearson.com w www.pearsonschoolsandfecolleges.co.uk0845 630 77 77 Teacher Guide Differentiated activities let you stretch your most-able students, while giving you time to support those who need it. See page 12 for World of Work: Business DVD, an interactive way to bring the working world into the classroom. www. If you need help with planning to teach GCSE Applied Business, telephone our hotline on 01865 888012 or visit our website at www.edexcel.com/appbus. Feedback in electronic activities helps students to identify areas of strength and areas for improvement. 7 Heinemann IGCSE Business Studies Author Rob Jones is a business studies author of long standing and an experienced teacher trainer. His works include GCSE texts in Business Studies and Applied Business. Student Book 978 0 435991 20 3 £17.99 Teacher’s CD 978 0 435045 86 9 £50.00 (+VAT) Heinemann IGCSE Business Studies Heinemann IGCSE Business Studies provides complete coverage of the latest Cambridge IGCSE Business Studies syllabus. O Includes an innovative FREE Exam Café student revision CD-ROM to support students’ revision needs. O Differentiated core and supplementary material ensures the resource is suitable for all levels. O Up-to-date and relevant case study material is placed in context to bring theory to life. O The Teacher’s CD provides an array of materials such as worksheets and lesson plans to support your teaching. Business 14–16 ExamCafé CD-ROM inside Rob Jones IGCSE Heinemann 3DUWRI3HDUVRQ 4UVEJFT #VTJOFTT new! Student Book 6 Fishings , which involves netting, trapping, angling and trawling fish. It also includes catching or gathering other types of sea food such as mussels, prawns, lobsters, crabs, scallops and oysters. China is the world’s largest fish producer. Forestrys , which involves managing forests to provide timber for wood products. It also involves protecting the natural environment, providing access and facilities to the public and managing wildlife habitats. Agricultures , which involves a range of farming activities. This is probably the most important primary sector activity for most countries. Most agriculture is concerned with food production, but other examples include ornamental or exotic products such as cut flowers, nursery plants and tropical fish. Secondary sector In the secondary sector business activity involves converting raw materials into finished or semi-finished goods. Examples include metal working, car production, textile production, chemical and engineering industries, aerospace manufacturing, energy utilities, engineering, food processing, construction and shipbuilding. In many countries this sector has declined in recent years. Tertiary sector The tertiary sector involves the provision of services. There is a wide variety of services and some examples are given below: Professional services s such as accountancy, legal advice and medical care. Transport s such as train, taxi, bus and air services. Household services s such as plumbing, decorating, gardening and house maintenance. Leisure services s such as television, tourism, swimming pools and libraries. Financial services s such as banking, insurance, and pensions. Commercial services s such as freight delivery, debt collection, printing and employment agencies. Jill and Ronnie Sanchez have owned a farm for 40 years. They grow a range of root vegetables such as carrots, swedes, turnips and parsnips. They have a contract to supply two local supermarkets and also sell to other shops in the area. In the 1970s, Jill and Ronnie employed up to 12 workers; however, because of mechanisation they now just employ three. De-industrialisation – the decline in manufacturing. Primary sector – production involving the extraction of raw materials from the earth. Secondary sector – production involving the conversion of raw materials into finished and semi- finished goods. Tertiary sector – the provision of services in the economy. Key terms QUESTION 1 What is business activity? 5 Primary sector Business activity is classifi ed into three sectors. In the primary sector business activity involves extracting raw materials from the earth. Examples include: Mining and quarryings where raw materials such as coal, iron ore, copper, tin, salt and limestone are dug out of the ground. This sector also includes the extraction of oil and gas. Saudi Aramco, the largest oil producer in the world, is an example of a business that extracts oil. Getting started… Businesses operate in different sectors. In developed countries, such as the US and the UK, most businesses provide services. They may be fi tness centres, insurance brokers or retailers, or provide services for businesses such as market research or IT support. In some countries, such as China, there are large numbers of manufacturers. Finally, in less developed countries most businesses will concentrate on producing agricultural goods. Look at the businesses below. (a) Which of the businesses above are concerned with (i) agriculture; (ii) manufacturing; (iii) services? (b) Which of the above businesses are most likely to be common in (i) Africa; (ii) Western Europe? Business classifi cation Chapter 2 Figure 2.1 Examples of business activity in different sectors Other resources Longman Business Studies for IGCSE • Develops knowledge and understanding of real business issues with up-to-date case studies. • Offers lots of practice opportunities with exam- style questions and end-of-unit assessments. Longman Business Studies for IGCSE 978 1 405802 07 9 £17.85 Textbook of Commerce, 5 th edition Endorsed by the University of Cambridge International Examinations, this is the ideal companion for students studying the CIE O Level in Commerce. Textbook of Commerce, 5th edition 978 0 435982 25 6 £13.95 Business Case Studies • Provides detailed case studies from well-known companies interpreted for classroom use. • Written specifi cally around the key themes of the GCSE and Applied GCSE specifi cations. • Gives students guidance on exam technique. Business Case Studies for GCSE 978 1 405864 47 3 £102.00 (+VAT) Sample pages from Heinemann IGCSE Business Studies 8 Getting started sections at the beginning of each chapter set the scene for students and put them in charge of their own learning. Questions throughout reinforce learning and test students’ knowledge and understanding. Key terms are highlighted and explained so students can quickly grasp what they are reading. [...]... Work: Business Levels 1 and 2 12 Screenshot from World of Work: Business Levels 1 and 2 DVD Business Software eCase ?Studies for Business Video-based case studies exactly mapped to Level 2 qualifications eCase Studies for Business addresses the problem of schools and colleges struggling to get their students access to real businesses Student understanding is developed through a series of in-depth case studies. .. with accompanying website support the new Business & Administration standards at Levels 2 and 3 Level 2 NVQ/SVQ Business & Administration Candidate Handbook (and website) 978 0 435046 90 3 £19.99* March 2011 new! Level 3 NVQ/SVQ Business & Administration Written in line with the revised QCF Framework to offer authoritative coverage of the new 2010 NVQ/SVQ Business & Administration standards Cover the mandatory,... pages from Business Studies, 4th edition Provides the latest theory and practice, coupled with case studies and statistics, that focus on today’s business issues to ensure students are able to apply the theory to real-life situations 9 t 0845 630 33 33 f 0845 630 77 77 @ customer.orders@pearson.com w www.pearsonschoolsandfecolleges.co.uk Business 16+ Revision Express Business Studies AS & A2 Covers.. .Business 16+ AS and A Level Business Studies, 4th edition Best-selling textbooks, revised for the latest GCE specifications A Level Business Studies, 4th edition Suitable for OCR, IB, WJEC, CCEA and SQA boards The fourth editions of these market-leading texts have been completely updated for teaching the latest AS and A Level Business Studies specifications Each edition... Handbook (and companion website) 978 0 435046 89 7 £19.99* March 2011 *Prices are provisional until publication 22 Level 2 NVQ/SVQ Business & Administration Candidate Handbook (and companion website) 978 0 435046 90 3 £19.99* March 2011 Level 3 NVQ/SVQ Business & Administration Candidate Handbook (and companion website) 978 0 435046 88 0 £24.99* May 2011 NVQ/SVQ new! Level 2 NVQ/SVQ Customer Service New materials... Book Sample pages from Revision Express Business Studies AS & A2 Real exam questions help to check learning and provide thorough exam preparation 10 Applied Business 16+ AS and A2 Level Applied Business for Edexcel Comprehensive coverage of the Edexcel Applied Business specification for AS and A2 Level These materials from Causeway Press for AS and A2 Level Applied Business for Edexcel are endorsed by... 978 0 435046 88 0 £24.99* May 2011 *Prices are provisional until publication www For a full list of contents, visit our website at www.pearsonschoolsandfecolleges.co.uk/ business Sample web page from the supporting Level 2 and 3 NVQ/SVQ Business & Administration website contents Level 2 NVQ/SVQ Business & Administration Candidate Handbook Q201: Manage own performance in a business environment Q202: Improve... owned by the business, that cannot be touched but adds value to the business Here are three common intangibles that exist within businesses • Goodwill – when you buy an existing business, its name and reputation will already be known, and it may already have an established customer base or set of clients This increases the value of the business and therefore increases the selling price of the business. .. 2 Student Book Case studies help students to link theory with real business practice Download sample material at www.pearsonschoolsandfecolleges.co.uk/ business 21 t 0845 630 33 33 f 0845 630 77 77 @ customer.orders@pearson.com w www.pearsonschoolsandfecolleges.co.uk NVQ/SVQ new! NVQ/SVQ Level 2 Customer Service Levels 2 and 3 Business & Administration Let Heinemann serve your business needs Heinemann... their business vocabulary Up-to-date case studies have differentiated questions to allow students to work at their own level 11 t 0845 630 33 33 f 0845 630 77 77 @ customer.orders@pearson.com w www.pearsonschoolsandfecolleges.co.uk Business Software Business, Levels 1 and 2 DVD and Learning Resource File Engaging DVD footage and practical learning activities for Business courses World of Work Business . 2011 Business Studies & Economics www.pearsonschoolsandfecolleges.co.uk BUSINESS 14–16 Edexcel GCSE Business 2–4 GCSE Business Studies 5. in Applied Business 6–7 IGCSE Business Studies 8 Other 14–16 Business 8 BUSINESS 16+ A Level Business Studies 9 Revision Express Business Studies 10 A