Business Education

Article Index

National 5 Business Management

The course has three areas of study: Understanding BusinessManagement of Marketing & Operations and Management of People & Finance

 Understanding Business

  • Role of business in society
  • Customer satisfaction
  • Types of business organisations 
  • Objectives
  • Internal & External factors 
  • Stakeholders

Management of Marketing & Operations

Marketing

  • Customers
  • Market research 
  • Market mix
  • Product
  • Price
  • Place
  • Promotion
  • Technology

Operations

  • Suppliers
  • Inventory management
  • Methods of production
  • Quality 
  • Ethical and environmental
  • Technology

 Management of People & Finance

People

  • Recruitment
  • Training
  • Motivating
  • Legislation
  • Technology

Finance

  • Sources of finance 
  • Break-even
  • Cash budgeting 
  • Income statement
  • Technology 

Assessment

  • Assignment - 30 marks (Duration - 5 hours)
  • Exam Paper - 90 marks (Duration - 2 hours)

Homework
Regular homework excercises will be set, based on the theory part of the course.