IGCSE | Business
About this course
IGCSE stands for the International General Certificate of Secondary Education. It is a special educational programme of preparation for IGCSE examinations and getting a qualification that is globally-recognised. This qualification fits into the latest educational developments and trends all over the world and can be an ideal foundation for A Level and the International Baccalaureate Diploma programs. Students normally sit five to seven subjects in the last years of their school.
Why do students need IGCSE?
IGCSE program not only gives students a chance to go to the best colleges and universities, but also helps to develop their critical and creative thinking, independence, cultural and social awareness and thus building the foundation for further academic success. Good IGCSE exam results (points 4-9) is the best way to enter the best educational institutions all over the world.
How to choose subjects for study on the IGCSE program?
Traditionally, IGCSEs are taken in 5-6 subjects, depending on which path the students choose for their future profession. The range of IGCSE subjects is really wide but the students usually choose Mathematics, Business, ICT, English, Science (Biology, Physics or Chemistry) or humanities (Literature, Geography or History). When choosing the IGCSE subjects you should also consider your own interests and preferences. As a rule, IGCSE subjects are chosen “in excess”, so that it is possible to abandon disciplines which are more difficult to cope with.
In 2013 our British Online School Knowledge Space was accredited by Edexcel to run the programs in accordance with British educational standards. Since then, our students have studied various subjects at our British School and each year most of them pass IGCSE exams.
- Understand business concepts and integrated nature of business activity.
- Understand how main types of business are organized.
- Interpret and evaluate business data.
- Understand the dynamics of business activity, make prognoses, evaluate risks.
Business activity and influences on business
Topic: Business activity and influences on business
- Be aware of the distinction between financial and non-financial objectives.
- Examine how a business has grown over time and how its objectives could have changed during that time.
- Be able to recognise what is meant by each type of business and be able to recognise the most appropriate business type to a given business situation.
- Be able to identify which sectors of the economy a sole trader, partnership and company they are part of.
- Be able to consider the importance of a range of factors that determine the location of a business.
- Think about the fact that markets for goods and services are now interdependent and that students cannot consider competition from just coming from other domestic producers.
- Know that a weakening currency will make exports from that country cheaper in terms of a different nation’s currency which will lead to an increase in demand.
- Know that success can be measured using a variety of different measures.
People in Business
Topic: People in Business
- Understand the different forms of communication.
- Understand the benefits and drawbacks of using IT to facilitate communication.
- Understand the difference between full-time and part-time employment.
- Know what the process of employing a worker is.
- Know what the legal controls are trying to do.
- Understand that some training may be required so that employees do not break the law.
- Understand why a business will ultimately benefit from having a motivated workforce.
- Know the difference between financial methods of motivating workers and non-financial methods of motivating workers.
- Should have a simple recognition of the different functional areas of a business.
Topic: Business Finance
- Consider the financial constraints a business faces as it starts up and expands in size.
- Be able to match the appropriate source of finance with the situation the business faces.
- Know the advantages and disadvantages of using internal sources of finance.
- Recognise that cash and profit are related, but not identical concepts.
- Be able interpret cash flow figures and tables to explain what is happening, or to evaluate the cash flow position of the business.
- Be able to perform basic business calculations and be able to interpret a break-even diagram.
- May be asked to calculate, cost of sales, gross profit, other operating expenses and operating profit.
- Be able to decide whether the business is successful and whether there is any risk of failure following the analysis of the accounts of the business.
- Explore sample size but are not expected to look at sampling techniques.
- Know the difference between product orientation and market orientation.
- Know the difference between niche marketing and mass marketing.
- Understand that there is a difference between goods (tangible product) and a service.
- Know what the Boston Matrix is.
- Know that cost plus pricing involves adding a percentage mark-up on to the average total cost of the product.
- Know what viral advertising is.
Topic: Business Operations
- Know the various factors that cause economies and diseconomies of scale to occur.
- Know the advantages and disadvantages of job, batch and flow production and the scenarios where certain production processes would apply.
- Know what Kaizen (continuous improvement) is.
- Know what the four factors of production are and the distinction between capital and labour intensive production.
- Know the three factors of production: Enterprise (Entrepreneurship), Capital (machinery), Land (to include raw materials) and Labour (workers).
|IGCSE 14-16 y.o.
|IGCSE preparation, 3 or more subjects from the list (English SL, English1, Math, Physics, Chemistry, ICT, Geography, Economics, Business)
|72 lessons on each subject, every lesson lasts 60 minutes
|Price of the course (3 subjects) 5100 €
|Registration fee 250 €