Candidates are required to apply their understanding to a variety of simple business situations and should be able to make simple decisions based upon the analysis and evaluation of information provided.

Economic issuesBusiness cycle;
How government control over the economy affects business activity and how businesses may respond.
Environmental and ethical issuesEnvironmental concerns and ethical issues as both opportunities and constraints for businesses;
Business and the international economyThe importance of globalisation;
Reasons for the importance and growth of multinational companies (MNCs);
The impact of exchange rate changes.