Subject Content: Commercial Activities and the Global Environment
The course provides a foundational understanding of commerce, influenced by global changes and digital technology.
1. Commerce and Commercial Operations
Explores the difference between trade and commerce, interdependence of industries, business types (public/private), franchising, and the impact of e-commerce.
2. Globalisation of Trade
Addresses international trade benefits/challenges, Balance of Trade and Payments, free trade vs. protectionism, and the growth of multinational companies.
3. Aids to Trade and Finance
Covers essential supporting services like advertising, banking, and insurance. Examines sources of finance and documents, including profit, mark-up, and discount calculations.
4. Logistics in Commerce
Details the functions and importance of transport and warehousing in the distribution chain, including the use of containerisation.
5. Consumer Protection & Environment
Discusses the importance of consumer protection globally and the external factors (PESTEL — political, economic, social, technological, environmental, legal) influencing commercial activity.
Skill Development Focus
Learners develop a combination of commercial knowledge and higher-order analytical skills.
Knowledge and Application
Demonstrating knowledge of commercial principles and applying ideas to specific business situations, including using numerical data and simple calculations.
Analysis
Identifying key issues and analyzing problems presented in both numerical and written commercial contexts.
Evaluation
Interpreting commercial information, distinguishing between evidence and opinion, and making reasoned judgments.
Assessment Structure
The assessment consists of two compulsory written papers.
- Duration: 1 hour
- Format: 40 multiple-choice questions covering all syllabus topics.
- Weighting: 30% of the total mark.
- Duration: 2 hours
- Format: Structured questions requiring responses to commercial scenarios based on stimulus material.
- Weighting: 70% of the total mark.
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