This document provides guidance on developing skills for answering 15+ mark questions in Business Studies. It breaks down answering these types of questions into a four-layer process:
1) Knowledge - Providing a definition for a key term in the question.
2) Analysis - Examining the advantages and disadvantages of the issue/situation being discussed, backed by evidence.
3) Application - Using examples and facts to support the points of analysis.
4) Evaluation - Making a judgment on the issue based on short and long-term effects, important factors, and contingencies.
The document walks through how to apply this process to a sample question, emphasizing the need to sufficiently analyze each side
3. Take the case study from Anya’s
Restaurant
Was Anya right to use venture capital to raise
money to finance her business start-up rather
than taking out a bank loan? Justify your view.
(15 marks)
This question has four
elements to it
5. Layer One – Knowledge
You must give a definition to show your knowledge.
Was Anya right to use venture capital to raise
money to finance her business start-up rather than
taking out a bank loan? Justify your view. (15
marks)
Which ever one you choose to write your definition
for this then becomes your main focus for ‘analysis’
6. Layer 2 and 3 – What does it mean to
analyse something?
• Examination of an issue/situation.
• This is then backed up with ‘proof’ or
evidence .
• Lets have a go .......
7. Level 2 and 3 – Analysis in a question
• In a question your analysis needs to look at
the reason for (advantages) and the reasons
against something (disadvantages).
• Was Anya right to use venture capital to raise
money to finance her business start-up rather
than taking out a bank loan? Justify your view.
(15 marks)
13. Task
• Was Anya right to use venture capital to raise
money to finance her business start-up rather
than taking out a bank loan? Justify your view.
(15 marks)
1. Write a paragraph to explain why she was right.
2. Write a paragraph to explain why she maybe
wasn’t right.
15. Level 4 – How do we evaluate?
Sort
term/Long
term
effects
Your
decision
The most
important
factor ......
It depends
on ......
16. Evaluation
• Was Anya right to use venture capital to raise money to
finance her business start-up rather than taking out a
bank loan? Justify your view. (15 marks)
• Answer these 4 questions:
1. What's your decision? Was she right?
2. What are the short and long term effects of this
decision.
3. What is the most important factor that affected her
decision?
4. What did her decision depend on?