← Business Studies syllabus

Northern IrelandBusiness Studies

Unit 1 Creating a Business

5 dot points across 5 inquiry questions. Click any dot point for a focused answer with worked past exam questions where available.

What aims and objectives do businesses set, and why do they differ and change?

Business aims and objectives: the difference between an aim and an objective, common objectives such as survival, profit, growth, market share and providing a service, and why objectives differ between businesses and change over time.
A CCEA GCSE Business Studies guide to business aims and objectives. Covers the difference between an aim and an objective, common objectives such as survival, profit, growth, market share and providing a service, why objectives differ between businesses, and why they change over the life of a business.
12 min answer →

Why do people start businesses, and what do entrepreneurs and business resources do?

Entrepreneurs and enterprise: the reasons people start a business, the characteristics and role of an entrepreneur, the rewards and risks, and the resources (the factors of production) a new business needs.
A CCEA GCSE Business Studies guide to enterprise and entrepreneurship. Covers why people start a business, the characteristics and role of an entrepreneur, the rewards and risks of self-employment, and the business resources, the factors of production, that a new business needs to begin trading.
13 min answer →

Who are a business's stakeholders, what do they want, and how do their interests conflict?

Stakeholders: the groups that have an interest in a business (owners, employees, customers, suppliers, the local community and the government), what each wants from the business, and how stakeholder interests can conflict.
A CCEA GCSE Business Studies guide to stakeholders. Covers who the stakeholders of a business are, owners, employees, customers, suppliers, the local community and the government, what each group wants from the business, and how their interests can conflict, with worked exam technique.
12 min answer →

What are the public sector and social enterprises, and how do they differ from private businesses?

The public sector and social enterprises: the difference between the private and public sectors, what the public sector provides, and the aims and features of social enterprises, including not-for-profit organisations.
A CCEA GCSE Business Studies guide to the public sector and social enterprises. Covers the difference between the private and public sectors, the goods and services the public sector provides, and the aims and features of social enterprises and not-for-profit organisations whose main goal is a social or environmental one.
12 min answer →

What are the main types of business ownership and how do liability and control differ?

Types of business ownership: sole trader, partnership, private limited company and public limited company, with their advantages and disadvantages, and the meaning of limited and unlimited liability.
A CCEA GCSE Business Studies guide to types of business ownership. Covers the sole trader, partnership, private limited company and public limited company, the meaning of limited and unlimited liability, and the advantages and disadvantages of each so you can recommend the right structure for a business.
14 min answer →