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Learner Guide
Cambridge International AS & A Level

Business 9609
For examination from 2023
Version 1
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Contents
About this guide 4
Section 1: Syllabus content - what you need to know 5
Section 2: How you will be assessed 7
Section 3: What skills will be assessed 8
Section 4: Command words 9
Section 5: Example candidate response 10
Section 6: Revision 18
Section 7: Useful websites 48
Learner Guide
About this guide

This guide explains what you need to know about your Cambridge International AS & A Level Business 9609 course and
examinations.
This guide will help you to:
✓ understand what skills you should develop by taking this AS & A Level course
✓ understand how you will be assessed
✓ understand what we are looking for in the answers you write
✓ plan your revision programme
✓ revise, by providing revision tips and an interactive revision checklist (Section 6).
Following a Cambridge International AS & A Level programme will help you to develop abilities that universities value highly,
including a deep understanding of your subject; higher order thinking skills (analysis, critical thinking, problem solving);
presenting ordered and coherent arguments; and independent learning and research.
Studying Cambridge International AS & A Level Business will help you to develop a set of transferable skills, including the
ability to work with mathematical information; think logically and independently; consider accuracy; model situations
mathematically; analyse results and reflect on findings.
Cambridge International AS & A Level Business allows you to experience the diverse and dynamic world within which
businesses exist. The course has a focus on how decisions are made. You will gain the knowledge to understand how
businesses operate within real contexts, analyse alternative courses of action and develop the ability to make justified
recommendations. These transferable skills are essential for anybody working in a business and can facilitate further study
within business related areas.
n
The course begins with an understanding of how businesses
are setup, operate and the stakeholders involved.
Each function of business (Marketing, Operations
Operations Management, HRM and Finance and accounting) has its
Marketing
management own challenges and gives you a better understanding of the
decisions that are made in each of these areas.
Business Business strategy pulls all of these elements together and

gives direction to the business.
Human Finance However, all of these decisions must be made in an
resource and ever-changing business environment which enables and
management accounting constrains how the business can operate.
By the end of the course you will be able to recommend
realistic strategies that a business can pursue to reach their
objectives.
4 Cambridge International AS & A Level Business 9609

Learner Guide
Section 1: Syllabus content - what you need to know

This section gives you an outline of the syllabus content for this course.
Candidates for Cambridge International AS Level study the AS Level topics for Paper 1 and Paper 2.
Content section Topics included
1. Business and its environment 1.1 Enterprise

1.2 Business structure
1.3 Size of business
1.4 Business objectives
1.5 Stakeholders in a business
2. Human resource management 2.1 Human resource management (HRM)
2.2 Motivation
2.3 Management
3. Marketing 3.1 The nature of marketing
3.2 Market research
3.3 The marketing mix
4. Operations management 4.1 The nature of operations
4.2 Inventory management
4.3 Capacity utilisation and outsourcing
5. Finance and accounting 5.1 Business finance
5.2 Sources of finance
5.3 Forecasting and managing cash flows
5.4 Costs
5.5 Budgets
Candidates for Cambridge International A Level study additional A Level topics for Paper 3 and Paper 4.
Content section Topics included
6. Business and its environment 6.1 External influences on business activity

6.2 Business strategy
7. Human resource management 7.1 Organisational structure
7.2 Business communication
7.3 Leadership
7.4 Human resource management (HRM) strategy
8. Marketing 8.1 Marketing analysis
8.2 Marketing strategy
9. Operations management 9.1 Location and scale
9.2 Quality management
9.3 Operations strategy
10. Finance and accounting 10.1 Financial statements
10.2 Analysis of published accounts
10.3 Investment appraisal
10.4 Finance and accounting strategy
Make sure you always check the latest syllabus, which is available from our public website. This will also explain the different
combinations of components you can take.
Cambridge International AS & A Level Business 9609 5

Learner Guide
Prior knowledge
No prior knowledge of business is required.
Key concepts
Key concepts are essential ideas that help you to develop a deep understanding of your subject and make links between
different aspects of the course. The key concepts for Cambridge International AS & A Level Business are:
• Change
Change is the only constant. New enterprises and opportunities are created in response to change in the external
environment. Change can also happen within a business, leading to success when change is handled correctly.
• Context
Context is the basis for every business decision. What might be a suitable solution in one situation may be unsuitable in
another. Businesses must understand and research their context to be able to make good decisions.
• Decision-making
Decision-making affects all levels in a business. Stakeholders in businesses use their knowledge, apply it to a scenario,
analyse the data, evaluate the arguments and then come to a decision.
• Enterprise
Enterprise is the ability to seek out and successfully develop business opportunities.
• Innovation
Innovation enables a business to re-invent itself and stay ahead of the competition. The business world is dynamic and
companies must seek to innovate through product development, more efficient processes and finding better ways to do
business.
• Strategy
Strategy is about knowing where you are, where you want to get to and how you are going to get there. Being able to
analyse a business situation, make choices given relevant data and then implement this effectively is key to running a
successful business.

Learner Guide
Section 2: How you will be assessed

Cambridge International AS Level Business makes up the first half of the Cambridge International A Level Business course
and provides a foundation for the study of Business at Cambridge International A Level.
About the examinations

There are two papers you must take to obtain an AS Level Business qualification and a further two additional papers to obtain
a full A Level in Business.
• Paper 1 Business Concepts 1 (AS Level)
• Paper 2 Business Concepts 2 (AS Level)
• Paper 3 Business Decision-Making (A Level)
• Paper 4 Business Strategy (A Level)
About the papers

The table gives you further information about the examination papers:
Percentage of
Component Time and marks Questions
qualification
Paper 1 1 hour 15 minutes Section A: you will need to answer four short
answer questions. There are two parts to the first
Business Concepts 1 40 marks
three questions.
40% of the AS Level
Section B: you will need to write one essay from a
choice of two. There are two parts to each essay. 20% of the A Level
Questions are based on the AS Level subject

content.
Paper 2 1 hour 30 minutes You will need to answer two data response
questions. There are six parts to each question. 60% of the AS Level
Business Concepts 2 60 marks
Questions are based on the AS Level subject 30% of the A Level
content.
Paper 3 1 hour 45 minutes You will need to answer five questions based on a
case study. There are three parts to Question 3 and
Business Decision-Making 60 marks
two parts to Question 4.
30% of the A Level
Questions are based on the A Level subject content;
knowledge of material from the AS Level subject
content is assumed.
Paper 4 1 hour 15 minutes You will need to answer two essay questions based
on a case study.
Business Strategy 40 marks
Questions are based on the A Level subject content; 20% of the A Level
knowledge of material from the AS Level subject
content is assumed.

Learner Guide
Section 3: What skills will be assessed

The examiners take account of the following skills areas (assessment objectives) in the examinations:
Assessment objectives (AO) What does the AO mean?
AO1 Knowledge and understanding Demonstrate knowledge and understanding of business concepts, key terms,
theories and techniques.
AO2 Application Applying knowledge and understanding to problems and issues.
Sometimes these will be simple, familiar scenarios, or it may be a detailed
case study about a business that will be unfamiliar to you.
AO3 Analysis Drawing out the causes, effects and reactions of things that may occur by
analysing:
• techniques to give evidence to aid decision-making
• the reasons behind business decisions
• the effects of making business decisions on a business and its
stakeholders
• the possible reactions of a business or its stakeholders.
AO4 Evaluation Weighing up arguments, often to come to a judgement. You may be asked
to make a recommendation, which involves choosing the route that you
think is best for the business or its stakeholders.
It is important that you know the different weightings (%) of the assessment objectives, as this affects how the examiner will
assess your work.
Assessment objectives as a percentage of each qualification
Assessment objective Weighting at AS Level % Weighting at A Level %

AO1 Knowledge and understanding 30 25
AO2 Application 30 25
AO3 Analysis 20 25
AO4 Evaluation 20 25
Total 100 100
Assessment objectives as a percentage of each component
Assessment objective Weighting in components %

Paper 1 Paper 2 Paper 3 Paper 4
AO1 Knowledge and understanding 35 30 20 15
AO2 Application 30 30 27 10
AO3 Analysis 20 20 23 40
AO4 Evaluation 15 20 30 35
Total 100 100 100 100

Learner Guide
Section 4: Command words

The table below includes command words used in the assessment for this syllabus. The use of the command word will relate
to the subject context.
Command word What it means
Advise write down a suggested course of action in a given situation
Analyse examine in detail to show meaning, identify elements and the relationship between them
Assess make an informed judgement
Calculate work out from given facts, figures or information
Define give precise meaning
Evaluate judge or calculate the quality, importance, amount, or value of something

set out purposes or reasons/make the relationships between things evident/provide
Explain
why and/or how and support with relevant evidence
Identify name/select/recognise
Justify support a case with evidence/argument

Learner Guide
Section 5: Example candidate response

This section takes you through an example question and candidate response. It will help you to see how to identify the
command words within questions and to understand what is required in your response. Understanding the questions will
help you to know what you need to do with your knowledge. For example, you might need to state something, calculate
something, find something or show something.
All information and advice in this section is specific to the example question and response
being demonstrated. It should give you an idea of how your responses might be viewed by an
examiner but it is not a list of what to do in all questions. In your own examination, you will
need to pay careful attention to what each question is asking you to do.
This section is separated as follows:
Question
Command words have been highlighted and their
meaning explained. This will help you to understand
clearly what is required. For more information go to www.
cambridgeinternational.org/exam-administration/what-to-
expect-on-exams-day/command-words
Example candidate response

This is a sample answer of a high/middle standard. Points
have been highlighted to show you how to answer a
question.
How the answer could have been improved

Here we have suggested possible improvements to the
answer.
Common mistakes
We have highlighted some typical errors which candidates
may make when attempting this question.
General advice
These tips will help you to answer questions in general.

Learner Guide
Question
This is the question and source material for Paper 2 Question 2 (c–d).
2 Candy Planet (CP)
CP is a public limited company which sells candy (sweets) to its national market and
international markets. CP has benefitted from internal growth over the past eight years and
has a good working capital position.
The total market sizes are shown in Table 2.1.
Table 2.1: Market data for candy 5
2017 2018
National market $550m $550m
International market $60bn $61.5bn
CP is a capital intensive business but it does employ 40 workers to operate and maintain
the machines. These employees have part-time contracts. The candy is made using flow 10
production. Each variety of candy is made on a separate production line. Some of the
machinery is over 25 years old. CP has 20 separate production lines in its factory and there
are diseconomies of scale.
The Operations Director of CP has proposed that the company changes from having many
production lines to a single production line using process innovation. The business has 15
carried out research into new machinery that would allow for mass customisation and an
increase in the number of products produced each month. This would mean CP could have
just one production line which would make every type of candy which CP sells. CP could
also increase its product portfolio.
The new machinery would cost $75m and its installation would require CP to stop production 20
for six months. Most of the current workforce would face redundancy. The Finance Director
has concerns about how CP could finance this new machinery. CP does not have any
retained earnings which it could use and the business has already been told that a bank
loan is not possible.
(c) Analyse one internal source of finance and one external source of finance which CP could
use for the new machinery. [8]
Analyse – this is the command word in the question. Analysis is the

skill of showing the cause, impact or reaction of something. Analysis is
AO3. However, to gain all of the marks you need to show that you have
knowledge and understanding (AO1) and apply this to the data (AO2).
The question asks you to analyse one internal source of finance and one
external source of finance. That means that you need to:
• show knowledge and understanding of an internal source of finance
• apply this to the data about Candy Planet (CP)
• analyse the likely impact on CP of this source of finance.
This process then needs to be repeated for an external source of finance.

Learner Guide
(d) Evaluate the likely benefits for CP of the proposed process innovation. [11]
Evaluate – this is the command word in the question. Evaluation requires the consideration of different arguments and
a justified judgement. In this question that is the most important advantage to CP of the proposed process innovation.
Evaluation is AO4. However, to gain all of the marks you need to show that you have knowledge and understanding
(AO1), can apply this to the data (AO2) and have shown analysis (AO3). The question asks you to evaluate the likely
benefits to CP of the proposed process innovation. This means that you need to:
• show knowledge and understanding of process innovation
• apply this to the data about Candy Planet (CP)
• analyse the likely benefits to CP
• evaluate which of the likely benefits will have the biggest impact on CP and come to a judgement over which of the
likely benefits will give CP the greatest advantage.
The question asks for more than one benefit, so a minimum of two benefits need to be analysed. You are able to gain
all the marks by analysing and evaluating two benefits.
Example candidate response
Example Candidate Response Examiner comments

1 The candidate has started by
identifying an internal source of
1 finance. This response, very quickly,
gains one knowledge mark and one
application mark. Analysis questions
always require the use of context and
you should use the context from the
case so that you do not give generic,
non-specific answers.
2 2 The candidate also demonstrates
analysis – it shows the impact on CP
of selling the 25-year-old machinery
as an internal source of finance. In
this case the impact is that it may not
bring in enough finance, forcing CP to
find another source.
3 3 Whilst this is a possible impact, it

is only limited analysis because it does
not build into a chain of analysis by
4 developing the impact further.
4 The candidate has clearly
separated their answer and has
now identified an external source of
finance; sale of shares. This is not just
knowledge and understanding (AO1),
it is also application (AO2) because
only a limited company, such as CP,
can sell shares. It is not an external
source of finance that is available to
every business (generic). The response
has now gained all of the AO1 marks
and all of the AO2 marks.

Learner Guide

5 5 The candidate has also mentioned
'new investors'. It is a common
mistake on source of finance questions
for candidates to confuse selling
6 shares to existing shareholders (which
is an internal source) and potential
new shareholders (which is an external
source). Although the candidate has
7
mentioned both here, examiners
will ignore the incorrect part of the
answer.
6 Having to pay out dividends
demonstrates limited analysis. It is a
clear impact of selling shares to new
investors as an external source of
finance.
7 Another nice use of the context
(application AO2) which makes the
answer specifically about CP, not just
any generic business.
8 There follows a chain of analysis.
The candidate has shown the initial
impact (having to pay more dividend)
and developed this by stating that it
may lead to a need for more effective
cash flow management. While it is
possible to take this further (may
increase the costs of the business,
which may reduce the profitability)
the candidate has enough on this
point to move their analysis into Level
2.
AO1 = 2/2
AO2 = 2/2
AO3 = 3/4
Total mark awarded =
7 out of 8

Learner Guide

1 The candidate starts with an
attempt at a definition of process
1 innovation. This is always a good way
to start an evaluative question as you
can gain marks through demonstrating
knowledge and understanding.
However, this is limited.
2 The candidate identifies their first
benefit to CP – being able to manage
2
its operations more effectively. This
is quickly put into context because
3 the candidate identifies that the 20
production lines will be cut down to
1 production line. This is application
because it comes from the data and is
specific to CP.
4
3 The candidate starts to analyse
the benefit by stating that the workers
will have less tedious tasks and be
more motivated. However, that is a
benefit to the worker and not to CP
and so not relevant to the question.
The point is continued by suggesting
that this could lead to less waste for
CP, but this should be explicitly linked
to the fact that increased motivation
means less waste. Although the link
may seem obvious, the examiner can
only mark what is actually written, not
what has been implied.
4 The candidate then states that
workers may be made redundant,
again saving costs. However,
redundancy may also increase costs,
so, again, this needs to be made
clear. This is also linked to reduced
waste and should be clearer in the
candidate’s response. There is an
attempt to suggest the redundancies
might damage CP’s reputation but this
does not link to the benefit of process
innovation. The candidate has moved
too far away from the point of the
question.

Learner Guide

5 The candidates second point is
that process innovation will be a USP
5 for CP, but the link between process
innovation, mass customisation and
a USP for the business is vague and
needs to be better explained. The
examiner cannot ‘fill in the gaps’ and
6
guess what the candidate probably
means.
6 This is limited analysis because
although the candidate recognised
that CP can use the process innovation
to respond to customer needs
7
(through mass customisation) the
point is not developed so is only
rewarded as limited analysis.
7 The candidate attempts some
evaluation at the end of this point, by
considering whether it is a real benefit
to CP. The likelihood of CP gaining this
benefit depends on adequate training
8 and development for the employees to
be able to use the new machines. This
evaluation is just about developed
and therefore moves into Level 2 for
evaluation and is awarded 3 marks.
8 A good response would attempt
to come to a judgement over which
benefit would give the biggest
advantage to CP. However, the
candidate simply summarises some
of their previous points. This is not
evaluation and is not rewardable.
AO1 = 1/2
AO2 = 1/2
AO3 = 1/4
AO4 = 3/6
Total mark awarded =
6 out of 12
How the answer could have been improved

Part (c)
The candidate could have used their time more effectively. They explained why another entrepreneur might want CP’s old
machinery which is not relevant to the question. Examiners do not take marks away for irrelevant answers, but irrelevant
material can lead a candidate away from the focus of the question.
The analysis of the internal source of finance is only limited because the candidate does not take their answer further.
Developed analysis requires the candidate to link together the stages of an impact. In this case the candidate could have
written, ‘the amount of money received from selling the machinery might not be enough and CP may have to seek other
sources of finance, which may take longer and delay CP’s purchase of the new machinery and the process innovation.’ By
developing the point to show the full impact on CP, the analysis has more impact and gains more marks.

Learner Guide
Part (d)
The definition of process innovation is vague. A good knowledge and understanding of the key terms from the syllabus is
essential.
The candidate needed to focus their analysis, especially in the first point, on the benefit to CP. There is scope here for a good
point to be made, e.g. by using process innovation, CP can reduce their costs because they need less workers, leading to lower
employment costs for CP and the opportunity to make higher profits.
The candidate’s second analytical point, that it will allow for mass customisation and to be able to meet customer needs, is a
reasonable benefit. The point has some limited analysis in terms of the decreased need for extensive marketing, but this is not
developed into a chain of analysis. If the candidate went on to suggest that this would decrease CP’s spending on marketing,
leading to reduced costs and an opportunity to make more profit, then the point would have gained more analysis marks.
It is difficult to make a judgement without at least two developed analytical points because generally the judgement needs
to be made about those analytical points. In this case a judgement about the most likely or biggest benefit to CP. However, a
summary is not the correct way to end an evaluative answer. Once you have made your points, there is never a need to repeat
them.
Common mistakes
The most common mistakes learners make are:
Part (c)
• On questions like this, it is essential to clearly identify what you are writing about. Make it clear if you are analysing the
internal or the external source of finance. Analysis questions are always clear as to what you need to analyse, so make it
equally clear to the examiner what you are analysing.
• You also need to make sure your knowledge and understanding is good. It is not uncommon for candidates to confuse
their answer (for example, stating that selling shares to new investors is an internal source of finance) which means that
all of the application and analysis that follows is unrewardable. No marks can be awarded if there is not knowledge and
understanding shown.
• The question clearly asks for two pieces of analysis (an internal and an external source of finance). However, it is not
uncommon for candidates to offer three or more pieces of analysis. Examiners are looking for the quality of analysis, not
the quantity. Candidates who try to analyse more than the question asks for tend to not develop their analysis. Do what
the question asks for, no more, no less.
• Most of the examinations for A Level Business have some form of data or case study. This is there to help you be selective
over what to use in your answer. In this case there are some obvious sources of finance hinted at in the data. For example,
the first line of the data states that CP is a public limited company. As long as you know that this type of company can sell
shares on the stock exchange to raise finance, then this becomes an excellent and contextual external source of finance.
The data or case should be used to give you a great hint as to what answer the examiner is expecting.
Part (d)
• One of the most common mistakes on part (d) was to not have the required knowledge to answer it. Knowledge and
understanding of the key terms of the syllabus is, in many ways, the easiest assessment objective and therefore sometimes
the one that is missed out. Process innovation is not an everyday term and many candidates were unable to plan a good
answer because they did not have the necessary knowledge to answer the question. It does not matter how good your
application, analysis and evaluation are, if you do not know what the question means you cannot answer it.
• One of the most common mistakes for any evaluative question is that candidates do not develop their analysis. The
question uses the plural (benefits) so it is essential to cover more than one benefit. However, more is not always better.
Two benefits with well-developed analysis is always better than more benefits with only limited analysis. In fact, one well-
developed piece of analysis gains more marks that a number of limited pieces of analysis.
• Evaluation is often thought of as the most difficult assessment objective because it needs to be based on knowledge,
application and analysis. It is not achieved by producing a summary or repeating previous points. It is about considering
your analytical points and coming to a judgement. A good response is one where each analytical point is judged on its
own merits to the given situation, followed by a justified judgement. Always go back to the wording of the question when
evaluating, to make sure you are evaluating against what the question has asked you to do. This question asks about the
likely benefits, therefore the likelihood or chance of that benefit actually happening for CP has to be part of the evaluation.
That is the judgement.

Learner Guide
General advice
In order to answer this type of question well:
• Read the question carefully. Most analysis questions are specific about how many pieces of analysis are required –
generally one for a 5 mark question and two for an 8 mark question.
• Develop your analysis. One piece of well-developed analysis is worth more marks than two pieces of limited analysis.
• Use the context to help you. It is likely to be full of hints and clues that have been put there to make your answer better. It
is obvious when a candidate does not use the context because their answer is generic and could apply to any business.
• Separate out each piece of analysis clearly. Use paragraphs to separate each point so that each one can be rewarded
separately.
• Make sure you have the knowledge and understanding. Without any knowledge and understanding you cannot gain any
further application or analysis marks. If you get the basics wrong then you may end up with zero marks.
• Unless you know all of the key terms from the syllabus, you risk finding a question that you cannot answer. Do not forget
to revise knowledge and understanding. Only then will you be able to show off your analytical and evaluative skills.
• The quality of your analysis is more important than the quantity of it. It is better to have two well-developed pieces of
analysis than many pieces of limited analysis. Strong analysis is most often shown by a series of linked points that clearly
show the full benefit, advantage or disadvantage depending on the question.
• Think about what you want to say. You need the examiner to follow your point. It is too easy to assume the examiner will
know what you mean. They can only read what is there on the page, which may not necessarily be what you meant. If you
have time re-read your answers you may spot these simple mistakes.
• Do not just write the first things that come to your mind. Most questions have lots of potential analytical points (in this
case there are many potential benefits of process innovation). Spend a short time planning your answer, choose which
points are most relevant to the business context and which ones you can write about with confidence.
• When you get to the end of your answer, go back to the question and use its wording to ensure you come to an
appropriate judgement. Think about the evaluative word(s) which will help you come to a judgement. Some of the most
common evaluative words are:
– importance
– usefulness
– likely
– most
– suitable.

Learner Guide
Section 6: Revision
This advice will help you revise and prepare for the examinations. It is divided into general advice and specific advice for each
of the papers.
Use the tick boxes to keep a record of what you have done, what you plan to do or what you understand.
General advice
Before the examination
Find out when the examinations are and plan your revision so you have enough time for each topic. A revision timetable
will help you.
Find out how long each paper is and how many questions you have to answer.
Know the meaning of the command words used in questions and how to apply them to the information given. Highlight
the command words in past papers and check what they mean.
Make revision notes; try different styles of notes. Discover what works best for you.
Work for short periods then have a break. Revise small sections of the syllabus at a time.
Build your confidence by practising questions on each of the topics.
Make sure you practise lots of past examination questions so that you are familiar with the format of the examination
papers. You could time yourself when doing a paper so that you know how quickly you need to work in the real
examination.
Look at mark schemes to help you to understand how the marks are awarded for each question.
Make sure you are familiar with the mathematical notation that you need for this syllabus. Your teacher will be able to
advise you on what is expected.
Check which formulae are in the formula booklet available in the examination, and which ones you need to learn.
During the examination

Read the instructions carefully and answer all the questions.
Check the number of marks for each question or part question. This helps you to judge how long you should spend on the
response. You do not want to spend too long on some questions and then run out of time at the end.
Do not leave out questions or parts of questions. Remember, no answer means no mark.
You do not have to answer the questions in the order they are printed in the answer booklet. You may be able to do a
later question more easily then come back to an earlier one for another try.
Read each question very carefully. Misreading a question can cost you marks:
• Identify the command words – you could underline or highlight them.
• Identify the other key words and perhaps underline them too.
• Try to put the question into your own words to understand what it is really asking.
Read all parts of a question before starting your answer. Think carefully about what is needed for each part. You will not
need to repeat material.
Look very carefully at the information you are given.
• For graphs, read the title, key, axes, etc. to find out exactly what they show.
• For diagrams, look at any angles and lengths.
• Try using coloured pencils or pens to pick out anything that the question asks you about.
Answer the question. This is very important!
• Use your knowledge and understanding.
• Do not just try all the methods you know. Only use the ones you need to answer the question.

Learner Guide
Make sure that you have answered everything that a question asks. Sometimes one sentence asks two things, e.g. ‘Show
that … and hence find …’. It is easy to concentrate on the first request and forget about the second one.
Always show your working. Marks are usually awarded for using correct steps in the method even if you make a mistake
somewhere.
Do not cross out any working until you have replaced it by trying again. Even if you know it’s not correct you may still be
able to get method marks. If you have made two or more attempts, make sure you cross out all except the one you want
marked.
Use mathematical terms in your answers when possible.
Annotated diagrams and graphs can help you, and can be used to support your answer. Use them whenever possible but
do not repeat the information in words.
Make sure all your numbers are clear, for example make sure your ‘1’ doesn’t look like a ‘7’.
If you need to change a word or a number, or even a sign (+ to – for example), it is better to cross out your work and
rewrite it. Do not try to write over the top of your previous work as it will be difficult to read and you may not get the
marks.
Do not write your answers in two columns in the examination. It is difficult for the examiners to read and follow your
working.
Advice for all Papers
Use your time wisely. Each examination has a limited amount of time and many questions to get through. You need to
plan how long you want to spend on each question and make sure you do not run out of time.
Understand what each command word means and how to write a response which can gain all the marks. If the question
only asks you to identify, then that is all you need to do.
Do what the question asks you to do. If it asks for two benefits, then you only need to do two. If it asks for benefits, then
make sure you write about more than one benefit.
Many questions have a focus. This could be a business or a stakeholder. Make sure you write your answer based on this
focus. An advantage for a customer is likely to be very different to an advantage for the business.
Make sure you answer in context. The context might be part of the question (for example ‘to a hotel’) or it might be
based on the data or case study given in the examination.
Questions that require extended writing (5, 8, 12 and 20 mark questions) must have developed chains of analysis. Think
about all the steps in that analysis and make it clear why one effect may lead to the next.
For questions that require evaluation (12 and 20 mark questions) do not leave all your evaluation to the end of the
response. Weigh up your points throughout the answer.
When you are asked to make a recommendation or to advise, build your answer towards the judgement and then make
your judgement clear at the end of your response. The examiner wants to follow the logic of your answer and it is illogical
to start with the judgement.
Practice writing your answers to be proportionate to the AO marks available. For example, a 12 mark question has half
the marks for evaluation, so half of your response should be evaluative, not just a couple of sentences at the end.
Paper 1 advice
This paper has two sections. In Section A you must answer all the questions. In Section B you should only answer one
question (parts a and b).
You can choose what order you answer the questions. Some candidates prefer to answer Section B first so that they have
enough time to give a full, evaluative answer. However, you may run out of time for Section A. Work out what order will
work best for you.
Although Section A and Section B have the same number of marks, you are likely to be able to complete Section A in less
time than Section B. Aim to spend 30-35 minutes on Section A, so that you have 40-45 minutes for Section B.
The Section A questions are mostly short-answer questions. Do not be tempted to write too much. Get the marks and
move on.

Learner Guide
In Section B, there are two parts to each question. If you answer 5a, then you must follow on to answer 5b. Do not mix up
the parts from the two questions.
Many questions on this paper have a context within the question. If a specific type of business is in the question, then
make sure your answer is about that type of business.
Paper 2 advice
There are two questions on this examination. Each question has six parts. Manage your time wisely so that you can finish
all of the questions.
Each question starts with a piece of data (short case study) about a business. Read this thoroughly before attempting any
of the questions. You must understand the nature of the business, so that you can write contextual answers.
If the question refers to the business or a stakeholder then your answer must be in the context of the data.
Use a calculator if at all possible. This paper will always have calculation questions and you will waste time if you have to
work everything out without a calculator.
Write out each stage of the calculation, starting with the formula. If you get the answer wrong, then the examiner can
give you marks for stages you do get correct.
Aim to spend a minute per mark on the shorter questions so that you can spend a little longer on the analysis and
evaluative questions.
Paper 3 advice
This paper has a long case study. You must read this thoroughly before attempting any of the questions. You should spend
10–15 minutes reading the case study and the questions.
It can be useful to use a highlighting pen or a pencil to mark-up sections of the case study that you think might be useful
in answering the questions. This can save you time when you need to find important data.
Use a calculator if at all possible. This paper will always have calculation questions and you will waste time if you have to
work everything out without a calculator.
Write out each stage of the calculation, starting with the formula. If you get the answer wrong, then the examiner can
give you marks for stages you do get correct.
Most of the questions on this paper require extended writing responses. Plan your answer before you start writing and
make sure you include enough analytical points with enough chances for evaluation.
All the questions are based on the case study. Therefore, every answer will require the use of context.
Although this is an A Level paper, you must revise the AS Level content as it is expected that you will know everything
from the whole A Level.
Paper 4 advice
This paper has a case study with appendices of information. You must read this thoroughly before attempting any of the
questions. You should spend 5–10 minutes reading the case study and the questions.
It can be useful to use a highlighting pen or a pencil to mark-up sections of the case study that you think might be useful
in answering the questions. This can save you time when you need to find important data.
There are two 20 mark questions on this paper. Each requires a well-structured answer using all of the assessment
objectives. There are more marks available for analysis (AO3) and evaluation (AO4) than knowledge and understanding
(AO1) and application (AO2), so structure your answer to show these skills.
Every point you make in your answers should be based on the context given. Generic answers are unlikely to gain many
marks.
The examiner is not looking for one right answer. There are likely to be many possible responses to strategy questions, so
any answer that is realistic and based on the context can be rewarded.
Although this paper is based on business strategy (Section 6.2 of the syllabus) you will be expected to use content from
the entire syllabus in your answer.
Be selective over what you choose to write about. Focus on what you think is most relevant to the business context and
the question set. You do not need to use every piece of data in the case study. Focus on what is most important.
Learner Guide
Revision checklists
In the next part of this guide we have provided some revision checklists. These include information from the syllabus that you should revise. They do not contain all the detailed
knowledge you need to know, just an overview. For more detail see the syllabus and talk to your teacher.
The table headings are explained below:
Topic You should be able to understand R A G Comments

Here is a list of the This is the key content and understanding you You can use the tick boxes to show when you have revised You can use the Comments column to:
topics you need need. an item and how confident you feel about it.
• add more information about the details for
to cover and work
R = RED means you are really unsure and lack confidence; each point
through.
you might want to focus your revision here and possibly • add notes
talk to your teacher for help.
• include a reference to a useful website and
A = AMBER means you are reasonably confident but need other resources
some extra practice. • highlight areas of difficulty or things that
G = GREEN means you are very confident. you need to talk to your teacher about or
look up in a textbook.
As your revision progresses, you can concentrate on the
RED and AMBER items in order to turn them into GREEN
items. You might find it helpful to highlight each topic in
red, orange or green to help you prioritise.
Note: the tables below cannot contain absolutely everything you need to know, but it does use examples wherever it can.

Learner Guide
1 Business and its environment (AS Level)

1.1 Enterprise
1.1.1 The nature of business activity the purpose of business activity
the factors of production needed for business

activity: land, labour, capital and enterprise
the concept of adding value
the nature of economic activity, the problem of

choice and opportunity cost
the dynamic business environment
why businesses succeed or fail
differences between local, national, international

and multinational businesses
1.1.2 The role of entrepreneurs and intrapreneurs the qualities entrepreneurs and intrapreneurs
need for success
the role of entrepreneurship in creating and
starting up a business
the role of intrapreneurship in the ongoing
success of a business
barriers to entrepreneurship
business risk and uncertainty
the role of business enterprise in the development

of a country
1.1.3 Business plans the meaning and purpose of business plans
the key elements of business plans
the benefits and limitations of business plans

Learner Guide

1.2 Business structure
1.2.1 Economic sectors the primary, secondary, tertiary and quaternary
sectors and businesses within those sectors
the public and private sectors and businesses
within those sectors
the reasons for and consequences of the changing
relative importance of these sectors
1.2.2 Business ownership the main features of different types of business
ownership: sole traders, partnerships, private
limited companies, public limited companies,
franchises, co-operatives, joint ventures and social
enterprises
the appropriateness of different types of business
ownership
the concepts of unlimited liability and limited
liability and their importance
the advantages and disadvantages of changing
from one type of business ownership to another
1.3 Size of business
1.3.1 Measurements of business size the appropriateness of different methods of
measuring the size of a business
1.3.2 Significance of small businesses the advantages and disadvantages of being a
small business
the strengths and weaknesses of family businesses
the importance of small businesses and their role

in the economy
the role of small businesses as part of the
industrial structure in some industries

Learner Guide

1.3.3 Business growth why and how a business might grow internally
(organic growth)
the different types of external growth through
merger and takeover: horizontal, vertical
(backward and forward), conglomerate
diversification, friendly merger, hostile takeover
the impact of a merger/takeover on stakeholders
why a merger/takeover may or may not achieve

objectives
the importance of joint ventures and strategic
alliances as methods of external growth
1.4 Business objectives
1.4.1 Business objectives in the private sector and public the objectives of businesses – private sector,
sector public sector, and social enterprises
the importance of business objectives
corporate social responsibility (CSR) and the triple

bottom line – economic (financial), social and
environmental objectives
the relationship between mission statement,
aims, objectives, strategy and tactics
1.4.2 Objectives and business decisions the different stages of business decision-making
and the role of objectives in the stages of business
decision-making
how objectives might change over time
the translation of objectives into targets and

budgets
the need for communication of objectives and
their likely impact on the workforce
SMART (specific, measurable, achievable, realistic,
time-limited) objectives

Learner Guide

how ethics may influence business objectives and
activities
1.5 Stakeholders in a business
1.5.1 Business stakeholders individuals or groups with an interest in the
activities of a business
internal stakeholders and external stakeholders
the roles, rights and responsibilities of

stakeholders
1.5.2 The relative importance and influence of stakeholders the impact of business decisions on stakeholders,
on business activities and their reactions
the impact of stakeholder aims on business
decisions
how and why a business needs to be accountable
to its stakeholders
how conflict might arise from stakeholders having
different aims and objectives
how changing business objectives might affect its
stakeholders
2 Human resource management (AS Level)

2.1 Human resource management (HRM)
2.1.1 Purpose and roles of HRM the role of HRM in meeting organisational
objectives
2.1.2 Workforce planning the reasons for and role of a workforce plan
measurement of labour turnover
the implications of high and low labour turnover

for a business

Learner Guide

2.1.3 Recruitment and selection recruitment of employees: process (job
descriptions and person specifications) and
recruitment methods (job advertisements,
employment agencies, online recruitment)
internal and external recruitment
selection methods: curriculum vitae, résumé,

application forms, interviews, references, testing,
assessment centres
employment contracts
2.1.4 Redundancy and dismissal the difference between redundancy (voluntary

and involuntary) and dismissal (fair, unfair)
2.1.5 Morale and welfare the relationship between HRM, employee morale
and welfare in a business including the concept of
work-life balance
the impact of diversity and equality in the
workplace on a business
2.1.6 Training and development different types of training: induction, on-the-job,
off-the-job
the impact of training and development on a
business
employee development to encourage
intrapreneurship
employee development to encourage multi-
skilling and flexibility
2.1.7 Management and workforce relations how cooperation between management and the
workforce can be of benefit to both
the impact on employers and employees of trade
union involvement in the workplace including
their role in collective bargaining

Learner Guide

2.2 Motivation
2.2.1 Motivation as a tool of management and leadership the need to motivate employees to achieve the
objectives of a business
2.2.2 Human needs a simple explanation of human need
how human needs may or may not be satisfied at

work
2.2.3 Motivation theories the ideas of the main content theories (Taylor,
Mayo, Maslow, Herzberg and McClelland) and
process theory (Vroom)
2.2.4 Motivation methods in practice: financial motivators, the theories in practical situations
non-financial motivators
different payment methods: time based, salary,
piece rates, commission, bonuses, profit sharing,
performance-related pay, fringe benefits
different types of non-financial motivators:
training, opportunities for promotion,
development, status, job re-design, team working,
empowerment, participation, job enrichment
ways in which employees can participate in the
management and control of business activity
2.3 Management
2.3.1 Management and managers traditional manager functions: planning,

organising, directing, controlling
the role of managers: Fayol, Mintzberg
the contribution of managers to business

performance
management styles: autocratic, democratic,
laissez-faire, paternalistic
McGregor’s Theory X and Theory Y managers

Learner Guide
3 Marketing (AS Level)

3.1 The nature of marketing
3.1.1 The role of marketing and its relationship with other marketing objectives
business activities
the link between marketing objectives and
corporate objectives
3.1.2 Demand and supply the factors influencing the demand for and supply
of the products of a business
interactions between demand, supply and price
3.1.3 Markets how markets may differ: consumer and industrial

markets; local, national and international markets
the difference between product orientation and
customer (market) orientation
measurement of market share and market growth
the implications of changes in market share and

market growth
3.1.4 Consumer and industrial marketing the classification of products
how marketing might differ for consumer

products (B2C – business to consumer) and
industrial products (B2B – business to business)
3.1.5 Mass marketing and niche marketing the features of mass and niche markets
the advantages and disadvantages of mass

marketing and niche marketing
3.1.6 Market segmentation methods of market segmentation: geographic,
demographic and psychographic
the advantages and disadvantages of market
segmentation

Learner Guide

3.1.7 Customer relationship marketing (CRM) the aims of CRM
the costs and benefits of CRM
3.2 Market research

3.2.1 The purposes of market research identification of main features of a market: size,
growth, competitors
identification of customer and consumer
characteristics, profiles, wants and needs
3.2.2 Primary research and secondary research the distinction between primary research and
secondary research, and the main features of each
usefulness of data collected using primary
research methods
usefulness of data collected from secondary
research sources
3.2.3 Sampling the need for and limitations of sampling
3.2.4 Market research data the reliability of the data collected
analysis of quantitative and qualitative data
interpretation of information presented in tables,

charts and graphs
3.3 The marketing mix
3.3.1 The elements of the marketing mix (the 4Ps the 4Ps: Product, Price, Promotion, Place
(distribution channels)
3.3.2 Product the difference between goods and services
tangible and intangible attributes of products
the importance of product development
product differentiation and unique selling point

(USP)

Learner Guide

3.3.3 Product portfolio analysis product life cycle and decisions about extension
strategies
Boston Matrix analysis and its uses
impact of product portfolio analysis on marketing

decisions
3.3.4 Pricing methods objectives and usefulness of different pricing
methods: competitive, penetration, skimming,
price discrimination, dynamic, cost-based and
psychological
3.3.5 Promotion methods the objectives and usefulness of different
promotion methods
advertising promotion
sales promotion
direct promotion
developments in digital promotion
the role of packaging in promotion
the role of branding in promotion
3.3.6 Place (channels of distribution) the objectives and usefulness of different channels
of distribution
digital and physical distribution

Learner Guide
4 Operations management (AS Level)

4.1 The nature of operations
4.1.1 The transformational process the use of factors of production: land, labour,
capital and enterprise
the stages of the transformational process: inputs
to outputs
the contribution of operations to added value
4.1.2 Efficiency, effectiveness, productivity and sustainability the importance of efficiency, effectiveness,
productivity and sustainability
measurement of labour productivity
the impact on a business of measures to improve

sustainability of operations
4.1.3 Capital intensive and labour intensive operations the benefits and limitations of capital intensive
operations
the benefits and limitations of labour intensive
operations
4.1.4 Operations methods: job, batch, flow, mass differences between methods – advantages and
customisation disadvantages of each method
the problems of changing from one method to
another
4.2 Inventory management
4.2.1 Managing inventory the purpose of inventory within a business (raw
materials, work in progress, finished products)
the costs and benefits of holding inventory
buffer inventory, re-order level and lead time
interpretation of simple inventory control charts
the importance of Supply Chain Management

Learner Guide

4.2.2 Just in Time (JIT) the purpose of JIT and JIC (Just in Case) inventory
management
the impact of adopting a JIT approach on a
business
4.3 Capacity utilisation and outsourcing
4.3.1 Significance and measurement of capacity utilisation the measurement of capacity utilisation
the impact of operating under or over maximum

capacity on a business
methods of improving capacity utilisation
4.3.2 Outsourcing the impact of outsourcing on a business
5 Finance and accounting (AS Level)

5.1 Business finance
5.1.1 The need for business finance reasons why businesses need finance to start up,
to grow and to survive
the distinction between short and long term need
for finance
the difference between cash and profits
business failure as a consequence of lack

of finance: bankruptcy, liquidation and
administration
5.1.2 Working capital the meaning and importance of working capital
managing trade receivables and trade payables
the distinction between capital expenditure and

revenue expenditure

Learner Guide

5.2 Sources of finance
5.2.1 Business ownership and sources of finance the relationship between the form of business
ownership and availability of sources of finance
5.2.2 Internal and external sources of finance internal sources of finance: owners investment,
retained earnings, sale of unwanted assets, sale
and leaseback of non-current assets, working
capital
external sources of finance: share capital,
debentures, new partners, venture capital, bank
overdrafts, leasing, hire purchase, bank loans,
mortgages, debt factoring, trade credit, micro-
finance, crowd funding and government grants
5.2.3 Factors affecting the sources of finance the factors influencing the choice of sources of
finance in a given situation: cost, flexibility, need
to retain control, the use to which it is put, level
of existing debt
5.2.4 Selecting the source of finance the appropriateness of each possible source in a
given situation
5.3 Forecasting and managing cash flows
5.3.1 Cash flow forecasts the meaning and purpose of cash flow forecasts
the interpretation and amendment of simple cash

flow forecasts: calculating opening and closing
balances
different methods of improving cash flow
5.4 Costs
5.4.1 Cost information the need for accurate cost information
different types of costs: fixed, variable, direct and

indirect

Learner Guide

5.4.2 Approaches to costing: full, contribution the differences between full and contribution
costing
the uses and limitations of the full costing
method
the nature of the technique of contribution
costing
the difference between contribution and profit
the limitations of contribution costing
situations in which contribution costing would be

and would not be used
5.4.3 Uses of cost information cost information for decision-making purposes,
e.g. average, marginal, total costs
how costs can be used for pricing decisions
how costs can be used to monitor and improve

business performance, including using cost
information to calculate profits
contribution costing as a means to help make
special order decisions
5.4.4 Break-even analysis the meaning and importance of break-even
analysis
calculation and interpretation of break-even level
of output, contribution, margin of safety and level
of profit (in numeric and graphic form)
the uses and limitations of break-even analysis
5.5 Budgets
5.5.1 The meaning and purpose of budgets the measurement of performance
the benefits and drawbacks from the use of

budgets

Learner Guide

the meaning and use of incremental budgets,
flexible budgets and zero budgeting
the uses of budgets for measuring performance,
allocating resources, controlling and monitoring a
business
5.5.2 Variances the meaning of adverse variances and favourable
variances
the calculation and interpretation of variances
6 Business and its environment (A Level)

6.1 External influences on business activity
6.1.1 Political and legal the advantages and disadvantages of privatisation
in a given situation
the advantages and disadvantages of
nationalisation in a given situation
how a government might use the law to seek
to control: employment practices, conditions of
work (including health and safety), wage levels,
marketing behaviour, competition, location
decisions, particular goods and services
the impact of changes in political and legal factors
on business and business decisions
6.1.2 Economic how government might intervene to help
businesses and encourage enterprise
how government might intervene to constrain
business activity
how government might deal with market failure
the key macroeconomic objectives of

governments: low unemployment, low inflation,
economic growth

Learner Guide

how macroeconomic objectives and performance
of an economy can have an impact on business
activity
government policies used to achieve
macroeconomic objectives: monetary, fiscal,
supply-side and exchange rate policies
the impact of changes in these government
policies on business and business decisions
6.1.3 Social and demographic the impact of and issues associated with
corporate social responsibility (CSR), e.g.
accounting practices, paying incentives for the
award of contracts, social auditing
why businesses need to consider the needs of the
community including pressure groups
demographic changes at a local, national and
global level
the impact of social and demographic change on
business and business decisions
6.1.4 Technological the impact of technological change on business
and business decisions
6.1.5 Competitors and suppliers the impact of competitors and suppliers on
business and business decisions
6.1.6 International the importance of international trading links and
their impact on business and business decisions
how international trade agreements might have
an impact on businesses
the role of technology in international trade
the advantages and disadvantages that a

multinational might bring to a country
relationships between multinationals and
governments
6.1.7 Environmental how physical environmental issues might
influence business behaviour
Learner Guide

how a business and its stakeholders may use an
environmental audit
the impact of the growing importance of
sustainability on business and business decisions
6.2 Business strategy
6.2.1 Developing business strategy the meaning and purpose of business strategy
the meaning and purpose of strategic

management: analysis, choice and
implementation
approaches to develop business strategy,
including:
• blue ocean strategy
• scenario planning
• SWOT analysis
• PEST analysis
• Porter’s five forces
• core competence framework
• Ansoff matrix
• force field analysis
• decision trees
6.2.2 Corporate planning and implementation the meaning and importance of corporate
planning
the meaning of corporate culture and its impact
on business decision-making
the meaning and importance of transformational
leadership
the management and control of strategic change
the meaning and importance of contingency

planning and crisis management

Learner Guide
7 Human resource management (A Level)

7.1 Organisational structure
7.1.1 The relationship between business objectives and the purpose and attributes of an organisational
organisational structure structure such as flexibility, meeting the
needs of the business, allowing for growth and
development and encouraging intrapreneurship
7.1.2 Types of structure: functional, hierarchical (flat and the advantages and disadvantages of the different
narrow), matrix types of structure
why some organisations are structured by product
and others by function or geographical area
the reasons and ways structures change e.g. due
to growth or delayering
the features of a formal structure: levels
of hierarchy, chain of command, span of
control, responsibility, authority, delegation,
accountability, centralised, decentralised
7.1.3 Delegation and accountability the relationship between delegation and
accountability
the processes of accountability in a business
the impact of delegation on a business
7.1.4 Control, authority and trust relationship between span of control and levels of
hierarchy
the difference between authority and
responsibility
the conflicts between control and trust that might
arise when delegating
7.1.5 Centralisation and decentralisation the impact of centralisation and decentralisation
on a business
7.1.6 Line and staff examples of and distinctions between line and
staff functions and the conflicts between them

Learner Guide

7.2 Business communication
7.2.1 Purposes of communication situations in which communication is essential
7.2.2 Methods of communication the standard methods of communication used in

business: spoken, written, electronic, visual
the strengths and weaknesses of the different
methods of communication
7.2.3 Channels of communication how communication works within a business
the difference between one- and two-way

communication; the difference between vertical
and horizontal communication
problems associated with different channels of
communication
7.2.4 Barriers to communication barriers to communication and how to overcome
them
7.2.5 The role of management in facilitating communication the role of informal communications within a
business
ways in which communication can influence the
efficiency of a business
ways of improving communication in a given
situation
7.3 Leadership
7.3.1 Leadership the purpose of leadership
leadership roles in business (directors, managers,

supervisors, worker representatives)
the qualities of a good leader
7.3.2 Theories of leadership key leadership theories: trait, behavioural,

contingency, power and influence and
transformational

Learner Guide

7.3.3 Emotional intelligence/emotional quotient (EQ) Goleman’s four competencies of emotional
intelligence: self-awareness, social awareness,
self-management and social skills
7.4 Human resource management (HRM) strategy
7.4.1 Approaches to human resource management (HRM) the difference between ‘hard’ and ‘soft’ HRM
flexible working contracts: advantages and

disadvantages of temporary contracts or flexible
contracts including zero hours contracts, part-
time, full-time, annualised hours, flexi-time, home
working, shift working, job sharing, compressed
working hours, the gig economy
the measurement, causes and consequences of
poor employee performance
strategies for improving employee performance
Management by Objectives (MBO) –

implementation and usefulness
the changing role of Information Technology (IT)
and Artificial Intelligence (AI) in HRM
8 Marketing (A Level)
8.1 Marketing analysis
8.1.1 Elasticity the concept of elasticity of demand: price, income
and promotional
calculation of price, income and promotional
elasticity of demand
interpretation of elasticity results
the impact of elasticity measures on business

decisions
the limitations of the concept of elasticity in its
various forms

Learner Guide

8.1.2 Product development the process of product development
sources of new ideas for product development
the importance of Research and Development

(R&D)
8.1.3 Sales forecasting the need to forecast sales
time series analysis: calculation and use of

four period centred moving average method to
forecast sales
qualitative sales forecasting
the impact of sales forecasting on business

decisions
8.2 Marketing strategy
8.2.1 Planning the marketing strategy the contents of a marketing plan: objectives,
resources, research, marketing mix
the benefits and limitations of marketing planning
8.2.2 Approaches to marketing strategy the need for the marketing strategy to be
consistent with the business, the product and the
market
the need for and development of a coordinated
marketing strategy
the development of marketing strategies that
are focused towards achieving specific marketing
objectives
the changing role of Information Technology (IT)
and Artificial Intelligence (AI) in marketing
8.2.3 Strategies for international marketing the implications for marketing of increased
globalisation and economic collaboration
the importance of international marketing for a
business

Learner Guide

international markets – identification, selection
and entry
whether a business in a given situation should
develop an international market through pan-
global marketing or maintain local differences
choosing a strategy, in a given situation, to
develop a global market
the factors influencing the method of entry into
international markets
9 Operations management (A Level)

9.1 Location and scale
9.1.1 Location the factors that determine location and relocation
the differences between local, national and

international location decisions
the reasons for and impact of offshoring and
reshoring
the impact of globalisation on location and
relocation decisions
9.1.2 Scale of operations the factors that influence the scale of a business
causes and examples of internal and external

economies and diseconomies of scale
the links between economies and diseconomies of
scale and unit costs
9.2 Quality management
9.2.1 Quality control and quality assurance quality in terms of meeting customer
expectations
the importance of quality

Learner Guide

the impact of methods of quality control on a
business
the impact of methods of quality assurance on a
business
the impact of Total Quality Management (TQM)
on a business
9.2.2 Benchmarking the importance of benchmarking in quality
management
9.3 Operations strategy
9.3.1 Operational decisions the influence of human, marketing and finance
resource availability on operations decisions
the changing role of Information Technology
(IT) and Artificial Intelligence (AI) in operations
management
9.3.2 Flexibility and innovation the need for flexibility with regard to volume,
delivery time and specification
process innovation: changing current processes
or adopting new ways of producing products or
delivering services
9.3.3 Enterprise resource planning (ERP) the main features of an ERP programme
how ERP can improve a business’ efficiency

in relation to: inventory control, costing and
pricing, capacity utilisation, responses to change,
workforce flexibility, management information
9.3.4 Lean production the aims and purposes of lean production
Kaizen, quality circles, simultaneous engineering,

cell production, JIT manufacturing and waste
management as operational strategies to achieve
lean production
the limitations of operational strategies to
achieve lean production

Learner Guide

the links between lean production and inventory
control, quality, employees roles, capacity
management and efficiency
9.3.5 Operations planning the need for planning operations
network diagrams as tools to plan operations
the main elements of a network diagram:

activities, dummy activities, nodes
network diagrams as means of performing Critical
Path Analysis (CPA), including identification of the
minimum project duration and the critical path,
calculation of total and free float, interpretation
of the results of the analysis of a network, how
minimum duration and floats might be used in
project management
the benefits and limitations of CPA as a
management tool
10 Finance and accounting (A Level)

10.1 Financial statements
10.1.1 Statement of profit or loss the meaning and purpose of the statement of
profit or loss
the contents of a statement of profit or loss:
revenue, cost of sales, gross profit, expenses,
profit from operations (operating profit), taxation,
profit for the year, dividends, retained earnings
amendment of a statement of profit or loss
the impact on the statement of profit or loss a

given change
10.1.2 Statement of financial position the meaning and purpose of statement of
financial position

Learner Guide

the contents of a statement of financial position
including non-current assets, current assets,
current liabilities, net current assets, net assets,
non-current liabilities, reserves and equity
amendment of a statement of financial position
the relationships between items in the statement

of profit or loss and the statement of financial
position
10.1.3 Inventory valuation the difficulties of valuing inventory
the net realisable value method
10.1.4 Depreciation the role of depreciation in the accounts
the impact of depreciation (straight-line method

only) on the statement of financial position and
the statement of profit or loss
10.2 Analysis of published accounts
10.2.1 Liquidity ratios the meaning and importance of liquidity
current ratio: calculation and interpretation
acid test ratio: calculation and interpretation
methods of improving liquidity
10.2.2 Profitability ratios the meaning and importance of profitability
return on capital employed: calculation and

interpretation
gross profit margin: calculation and interpretation

Learner Guide

profit margin: calculation and interpretation
methods of improving profitability
10.2.3 Financial efficiency ratios the meaning and importance of financial

efficiency
rate of inventory turnover: calculation and
interpretation
trade receivables turnover (days): calculation and
interpretation
trade payables turnover (days): calculation and
interpretation
methods of improving financial efficiency
10.2.4 Gearing ratio the meaning and importance of gearing
gearing ratio: calculation and interpretation
methods of improving gearing
10.2.5 Investment ratios the meaning and importance of return to

investors
dividend yield: calculation and interpretation
dividend cover: calculation and interpretation
price/earnings ratio: calculation and

interpretation
methods of improving investor return
10.3 Investment appraisal

10.3.1 The concept of investment appraisal the need for investment appraisal

Learner Guide

10.3.2 Basic methods: payback, accounting rate of return the meaning, calculation and interpretation of
(ARR) payback and ARR (ARR = (average profit/ average
investment) × 100)
10.3.3 Discounted cash flow method: net present value the meaning, calculation and interpretation of
(NPV) NPV
10.3.4 Investment appraisal decisions quantitative results and their impact on
investment decisions
qualitative factors and their impact on investment
decisions
comparison of investment appraisal methods,
including their limitations
10.4 Finance and accounting strategy
10.4.1 The use of accounting data to enable strategic the use of financial statements in developing
decision making strategies
the contents of an annual report and their
usefulness to business and other stakeholders
10.4.2 The use of accounting data and ratio analysis in assessment of business performance over time
strategic decision-making and against competitors
the impact of accounting data including ratio
results on business strategy
the impact of debt or equity decisions on ratio
results
the impact of changes in dividend strategy on
ratio results
the impact of business growth on ratio results
the impact of other business strategies on ratio

results
the limitations of using published accounts and
ratio analyses

Learner Guide
Section 7: Useful websites

The websites listed below are useful resources to help you study for your Cambridge International AS and A Level Business.
Cambridge Assessment International Education is not responsible for the accuracy or content of information contained in
these sites. The inclusion of a link to an external website should not be understood to be an endorsement of that website or
the site's owners (or their products/services).
The website pages referenced in this guide of work were selected when the guide was produced. Other aspects of the sites
were not checked and only the particular resources are recommended.
www.tutor2u.net/business
Tutor2U
A website full of useful resources, videos and activities that covers most of the AS and A Level Business content and skills.
www.youtube.com/channel/UCIlJ4pk3uzyWoeoBkGs0hxQ/featured
Taking the biz
Video tutorials on Business topics.
www.bbc.co.uk/programmes/b006sz6t
BBC – the bottom line
Radio programme and podcasts discussing real business issues.
www.thestudentroom.co.uk/revision/business-studies/
The student room
Website with activities and worksheets on various Business topics.
www.economist.com/
The Economist
Website with articles about the economy and business.
www.bbc.co.uk/news/business
BBC business news
Real business news stories.
https://s-cool.co.uk/a-level/business-studies
S-cool
A website full of resources and activities for A Level business.

Cambridge Assessment International Education
The Triangle Building, Shaftesbury Road, Cambridge, CB2 8EA, United Kingdom
t: +44 1223 553554
e: [email protected] www.cambridgeinternational.org
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Cambridge International AS & A Level

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About this guide

✓ understand how you will be assessed

✓ understand what we are looking for in the answers you write

✓ plan your revision programme

Business Business strategy pulls all of these elements together and

4 Cambridge International AS & A Level Business 9609

Section 1: Syllabus content - what you need to know

Content section Topics included

1. Business and its environment 1.1 Enterprise

Content section Topics included

6. Business and its environment 6.1 External influences on business activity

Cambridge International AS & A Level Business 9609 5

6 Cambridge International AS & A Level Business 9609

Section 2: How you will be assessed

About the examinations

About the papers

Questions are based on the AS Level subject

Cambridge International AS & A Level Business 9609 7

Section 3: What skills will be assessed

Assessment objectives (AO) What does the AO mean?

Assessment objective Weighting at AS Level % Weighting at A Level %

Assessment objectives as a percentage of each component

Assessment objective Weighting in components %

8 Cambridge International AS & A Level Business 9609

Section 4: Command words

Command word What it means

Advise write down a suggested course of action in a given situation

Assess make an informed judgement

Calculate work out from given facts, figures or information

Define give precise meaning

Evaluate judge or calculate the quality, importance, amount, or value of something

Justify support a case with evidence/argument

Cambridge International AS & A Level Business 9609 9

Section 5: Example candidate response

This section is separated as follows:

Example candidate response

How the answer could have been improved

10 Cambridge International AS & A Level Business 9609

2 Candy Planet (CP)

The total market sizes are shown in Table 2.1.

Table 2.1: Market data for candy 5

Analyse – this is the command word in the question. Analysis is the

Cambridge International AS & A Level Business 9609 11

Example candidate response

Example Candidate Response Examiner comments

3 3 Whilst this is a possible impact, it

12 Cambridge International AS & A Level Business 9609

Example Candidate Response Examiner comments

Cambridge International AS & A Level Business 9609 13

Example Candidate Response Examiner comments

14 Cambridge International AS & A Level Business 9609

Example Candidate Response Examiner comments

How the answer could have been improved

Cambridge International AS & A Level Business 9609 15

16 Cambridge International AS & A Level Business 9609

Cambridge International AS & A Level Business 9609 17