
Welcome to this Business Studies Course!
This video will inform you with regards to all the Do's and Don'ts that you must be aware of in order to achieve its successful completion.
In this lecture, you’ll learn why businesses exist, how they satisfy human needs and wants, and why choices must be made due to limited resources. We’ll explore opportunity cost, the factors of production, and the concept of added value. This sets the foundation for understanding all other business topics.
GCSE Business courses based on this specification should encourage candidates to:
• Actively engage in the study of business and economics to develop as effective and independent learners and as critical and reflective thinkers with enquiring minds
• Use an enquiring, critical approach to distinguish between fact and opinion, build arguments and make informed judgements
• Develop and apply their knowledge, understanding and skills to contemporary issues
in a range of local, national and global contexts
• Appreciate the range of perspectives of different stakeholders in relation to business and
economic activities
• Consider the extent to which business and economic activity can be ethical and sustainable.