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WJEC GCSE Business

GCSE · WJECBusiness Studies665 cards

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Flashcards for WJEC GCSE Business (3160QS), the Made-for-Wales specification taught from 2025 for first award in 2027, split into its four units in the specification's order: Unit 1 and Unit 3 are written exams, and Unit 2 and Unit 4 are non-exam assessments, with Unit 2's three possible themes (ethics, the environment, technology) each in their own subdeck. Covers definitions, each advantage and disadvantage, and worked calculations for cost, revenue, profit, cashflow and profitability ratios.

Adding it gives you your own copy, with every subdeck below. Each card then comes back just before you would forget it, and every one you get right or wrong counts towards your mastery of its topic. You can delete or suspend the parts you are not studying once it is yours.

What is inside (26 subdecks)

  • Unit 1: Introduction to the Business World (written exam)264 cards
    • 1.1 Business fundamentals99 cards
    • 1.2 Careers and business10 cards
    • 1.3 Different scales of business activity27 cards
    • 1.4 Stakeholders28 cards
    • 1.5 Business ownership and models33 cards
    • 1.6 The supply chain17 cards
    • 1.7 Revenue, costs and break-even29 cards
    • 1.8 Location and site21 cards
  • Unit 2: Key Business Considerations (non-exam assessment)103 cards
    • 2.1 Business in society19 cards
    • 2.2 Investigating business response to challenges11 cards
    • 2.3 Key themes73 cards
      • 2.3a Business ethics22 cards
      • 2.3b Business and the environment21 cards
      • 2.3c Business and technology30 cards
  • Unit 3: Business Strategies for Success (written exam)257 cards
    • 3.1 Business growth28 cards
    • 3.2 How businesses are impacted by external factors44 cards
    • 3.3 Financial strategies for success58 cards
    • 3.4 Marketing strategies for success69 cards
    • 3.5 Human resources strategies for success35 cards
    • 3.6 Methods of production23 cards
  • Unit 4: Business Creation (non-exam assessment)41 cards
    • 4.1 Entrepreneurial activity22 cards
    • 4.2 Preparing for entrepreneurial opportunities19 cards

Some of its cards

  • Limited liability
    Owners are only responsible for a business's debts up to the amount they invested
  • Business ethics
    Moral principles that guide how a business behaves and makes decisions
  • Diversification (business growth)
    Expanding into new products or markets different from a business's current ones
  • How can government spending affect a business?
    Higher government spending, for example on infrastructure, can increase demand for a business's products
  • Congestion (environmental issue)
    Overcrowding of traffic or transport caused by business or economic activity
  • Give an example of a career available in the public sector.
    A nurse in the NHS or a teacher in a state school
  • Procurement
    The process of sourcing and purchasing the materials or goods a business needs
  • Market research
    Collecting and analysing information about customers and markets
  • Making a physical object by building up layers of material from a digital design
    3D printing
  • Making a single, unique product to order, often by hand or in one place
    Job production

And 655 more once you add the deck.