National 5

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Nat 5 Business Management focuses on businesses owned by sole traders, partnerships and Ltd companies.

The course covers the following topics:

 

UNDERSTANTING BUSINESS - Role of business in society, customer satisfaction, types of business organisations, objectives, internal and external factors, and stakeholders

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MANAGEMENT OF MARKETING - Customers, market research, marketing mix, and technology

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MANAGEMENT OF OPERATIONS - Suppliers, methods of production, inventory management, quality, ethical and environmental, and technology

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MANAGEMENT OF PEOPLE - Recruitment and selection, training, motivation and training, legislation, and technology

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MANAGEMENT OF  FINANCE - Sources of finance, break-even, cash budgeting, Income Statement, and technology

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Higher

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Higher Business Management focuses on businesses owned by sole traders, partnerships and Ltd companies.

The course covers the following topics:

 

UNDERSTANTING BUSINESS - Role of business in society, types of organisations, objectives, methods of growth, internal and external factors, stakeholders, structures, decision making

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MANAGEMENT OF MARKETING - Customers, market research, marketing mix, and technology

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MANAGEMENT OF OPERATIONS - Inventory management, methods of production, quality, ethical and environmental, and technology

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MANAGEMENT OF PEOPLE - Workforce planning, training and development, motivation and leadership, employee relations, legislation, and technology

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MANAGEMENT OF  FINANCE - Sources of finance, cash budgeting, financial statements, ratios, and technology​​​​​​​​​​​​​​​​​