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