So, you finished the syllabus content and looking for the exam technique to help you achieve an A*/9? Don't worry. Everything you need will be stated here. Feel free to click on the titles below to reach your desired section.
It is very important to note that it is very common to feel lost once you attempt a past paper. However, this feeling will start to fade away the more you solve. We will first discuss paper 1, including the command words, answering technique, understanding the mark distribution, and time management.
Business Studies paper 1 is the first paper you'll sit for during your examination session. It comprises of four short answer and data response questions, each separated into parts a through e. The paper is 1 hour 30 minutes long and marked out of a total grade of 80. There are 4 objectives the examiners look for in this paper: knowledge, application, analysis, and evaluation. These objectives will be discussed in detail.
This is perhaps the easiest objective to help you collect grades. This objective is needed in every question you answer, regardless of the command word used in the exam paper. Knowledge points are the terms and definitions you studied as well as the advantages and disadvantages of a topic. They make up what you studied and test your overall understanding and ability to remember.
Application is a term used when you apply the information given to you in the question to your answer. For example, if the question stated that BVT is a company that manufactures electronics, then an application would be mentioning the design of a camera. Application points are needed when the command words "Outline(c)" and "Explain (d)" are used.
Analysis refers to the explanation of a knowledge point you mentioned i.e. its effect. For example, if you mention that a business that grows too much can end up losing control (knowledge) then the analysis point would be mentioning how the business will therefore suffer, be in debt, and eventually shut down. Analysis points are needed when the command words "Explain (d)" and "Justify your answer (e)".
This may be the trickiest objective to achieve since there truly isn't a right or wrong answer. Evaluation points are only used in "Justify your answer (e)" towards the end. In a nutshell, evaluation refers to making a decision and the reason behind it.
In part (a), you will be asked about a definition. Therefore, you will need 2 knowledge points. For example, you are asked to define a private sector. By saying it's an industry/business run by private individuals (not the government) and aims to make profit, you achieve the full mark.
In part (b), it can either require 2 knowledge points as well OR it can be a calculation question. If it is a calculation question, just show your work and write down the equation you're using.
This usually falls under the command word "outline". You are required 2 knowledge points and 2 application points. You answer in the format knowledge, application, knowledge, application.
This question falls under the command word "Explain" and has 6 marks. If the question asks you to identify and explain TWO things, then you will need 2K, 2APP, and 2AN answered in the form K APP AN, K APP AN. However if the question asked for THREE, you will need 3K and 3AN.
Part (e) always asks for your opinion therefore you will need to apply 2 evaluation points. When answering, always choose a side with and a side against. For example, if the question asks if a business should use e-commerce, write the first side with and the other against. You will need 2K, 2AN, 2EVAL in the format K AN, K AN, EVAL EVAL.
The simplest way to manage your time is to use the number of marks as the minutes you spend on a question. To elaborate, if the question is 4 marks then spend 4 minutes on it, 6 marks then spend 6 minutes, etc. It is also crucial not to waste your time on calculation questions as you can always come back to them once you solved the majority of your paper.
It is very normal to feel frightened of the second paper the first time you take a look at it. But, it's not that different from the first paper. Here's how to ace it:
You will be handed 2 different exam papers: the insert paper and the question paper. The insert paper comprises of the case study (the information on the business you are being tested on) which is presented through appendices. It is important to read through the paper very carefully and underline important keywords that can help in your application points.
The question paper is divided into 4 different questions, each including part a (an 8-mark question) and part b (a 12-mark question). You will be using the same objectives discussed in the first paper IN ADDITION to a new objective: further analysis. Further analysis is justifying your analysis to a greater extent. You need to write a lot in this paper therefore explain your points as much as you can.
Unlike the first paper, the parts in this paper do not have specific requirements. So, here is how to know what the examiner is looking for:
Take a look at the grade in between brackets (either 8 or 12). Divide that number by the content included in the question to know how many details to mention.
For example, if a question is worth 8 marks and asks for 2 reasons, then you need to mention 4 DETAILS per reason (8/2=4). Therefore, the 4 details are K, APP, AN, FURTHER AN. Also, if a question is worth 12 marks and asks for a threat, an opportunity, and a conclusion then you need to mention 4 DETAILS per requirement (12/3=4) and so on.
Now that the basic foundation of answering the questions is covered, we will go over the common mistakes that many candidates do.
It is completely understandable that while you're in a hurry, you forget the application objective. NONETHELESS, application marks carry a lot of weight on your answer therefore should always be incorporated in your response. Always try to put yourself in the business owner's shoes and picture yourself in their situation. Another important remark is that mentioning the business' name or the owner of the business' name IS NOT CONSIDERED APPLICATION.
The examiner wants to see your answer written in a paragraph form therefore if you write in bullet points, chances are the examiner will not give you the full mark or might not even read it. Make sure to always write your answers with the objectives discussed and analyze as much as you can.
These objectives are what unites all business studies candidates in order to have a fair-grading system. Therefore, even if your responses are "professional" they will not be given the full grade if they do not abide by the objectives the examiners are looking for.