Business Management – Nat 5

business-bannerThe course has three main component areas:

Understanding Business.

In this component you will:

  • learn how entrepreneurship supports business development
  • learn how organisations contribute to generating wealth and satisfying customers’ needs
  • understand key business terms and concepts, and how they are applied
  • explore issues relating to the external environment and how these affect the way in which organisations operate.

Management of People and Finance.

In this component you will:

  • learn how organisations manage people and finance
  • understand how to apply business terms and concepts relating to the management of people and finance
  • learn how to manage people in order to maximise their contribution to an organisation’s success
  • learn how to prepare and interpret financial information in order to solve financial problems facing businesses.

Management of Marketing and Operations.

In this component you will:

  • learn about effective marketing and operations systems, including the processes and procedures organisations use to maintain quality and competitiveness
  • understand how to communicate with consumers, maximise customer satisfaction and enhance competitiveness
  • identify how to produce goods or services to an appropriate standard of quality.


Course Assessment.

Your work will be assessed on an ongoing basis throughout the course to support your learning and evaluate progress. Items of work might include:

  • practical work – such as presentations
  • written work – research assignments and reports
  • projects
  • question papers/tests.

The course assessment for this course consists of two components:

  • question paper (90 marks)
  • assignment (30 marks).

For the assignment component, you will be asked to produce a business report. The assignment component will be set by and externally marked by the Scottish Qualifications Authority (SQA).

The question paper will be set and externally marked by SQA.

The course assessment is graded A-D.

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