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Edexcel past papers business studies gcse unit 5

This unit consists of five topic areas. Topic 5.1 How can I start to think like an economist?. GCSE Revision; Business Studies; Edexcel Business Studies; Unit 5. 2 GCSE Business Studies 5BS03 01 Edexcel and BTEC Qualifications. 5(d) and 6(d) proving. reducing unit costs. A revision guide for Unit 5 of the Edexcel GCSE Business. GCSE Business & Economics Unit 5. game with my GCSE Business Studies students. Unit 1 Keyword.

edexcel past papers business studies gcse unit 5 GCSE Edexcel Economics and Business Studies Unit 5 - The.

Past papers | Past exam papers | Pearson qualifications

Can growth be sustainable?

•• the concept of sustainable economic growth

•• the benefits and drawbacks of using renewable resources for both businesses and the wider economy

••ways in which businesses can become more environmentally, socially and ethically responsible and the reasons why businesses adopt such policies

The concept of sustainability is essential, and is worth considering from a UK and a global perspective.

The key is to consider the difference between creating the image of social responsibility and putting it fully into practice.

What can governments do?

••how governments can use taxes, subsidies, legislation and regulation to protect the environment

•• the effects these policies will have on businesses

Although these terms must be understood fully, there is no need for detailed knowledge of examples of

actions such as subsidy, laws, regulation or taxation. However, understanding of progressive versus regressive tax may help in constructing arguments.

Topic 5.5 Is the world fair?

This topic considers how winners are created and how assistance and protection are provided for those less fortunate. The primary focus is on international inequality.

Is everybody equal?

•• the difference between types of inequality both within the UK and across national boundaries

••how to identify signs of absolute and relative poverty and be able to

make judgements as to a person’s standard of living based on source information

Students should gain sufficient perspective to understand the difference between poverty in the UK and poverty in many other less developed countries.

Can international trade help?

•• the costs and benefits of international trade to a less economically developed country (LEDC)

•• how the Single European Market has led to improvements in standards of living within the EU

•• ways in which free trade is restricted (eg tariff, nontariff barriers and quotas) and the reasons why countries may impose such restrictions

•• the role multi-national corporations can have and their benefits and drawbacks in less developed countries

It is important to take a balanced view, seeing the need for trade as well as the drawbacks.

The call for import protection is never far away, so it is important for students to understand its purpose.

There are many examples of good and bad corporate practice in less developed countries, which should help in creating good discussions.

Topic 5.5 Is the world fair?

This topic considers how winners are created and how assistance and protection are provided for those less fortunate. The primary focus is on international inequality.

Some businesses choose to be ethical because:

high ethical standards = good consumer image = high sales and profits

Pressure group - a group with a common interest/goal who work collectively to further that cause, e.g. a trade union

Pressure groups can embarrass companies and damage the company's image. This could lead to customer boycotts, which damage profits and upset shareholders.

Fairtrade products cost more, and the extra money is given to producers and invested in community projects. While many consumers buy fairtrade products because they want to feel like they're making a difference, in a recession price is more important and fairtrade sales will decrease.

This unit consists of five topic areas.

Topic 5.1 How can I start to think like an economist?

Topic 5.2 Risk or certainty?

Topic 5.3 Big or small?

Topic 5.4 Is growth good?

Topic 5.5 Is the world fair?

Assessment overview

This unit will be externally assessed.

••Written examination: 1 hour 30 minutes.

••Students will be required to answer all questions.

•• The paper is untiered and divided into three sections. Questions will require a mixture of multiple-choice selection, short- and extended/long-answers.

These are revision notes for GCSE Business studies unit 5 - intro to economic understanding, hope you find them useful :) ** - sorry they're not finished but i will be updating today and tomorrow on the 5th june 2011 i'll try my best to finish them.

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  • Created by: aliya
  • Created on: 28-05-11 16:41

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