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HSC Business Studies

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HSC Business Studies Full Course

Topic 1: Operations

  • Operations Hub

  • Strategic Role of Operations Management

  • Goods and Services in Different Industries

  • Interdependence of Operations with Other Business Functions

  • Globalisation and Operations

  • Technology in Operations

  • Quality Expectations

  • Cost-Based Competition

  • Government Policies and Legal Regulation

  • Environmental Sustainability in Operations

  • Corporate Social Responsibility in Operations

  • Inputs in Operations

  • Transformation Processes

  • Volume, Variety, Variation in Demand and Visibility

  • Sequencing and Scheduling

  • Technology, Task Design and Process Layout

  • Monitoring, Control and Improvement

  • Outputs: Customer Service and Warranties

  • Performance Objectives

  • New Product or Service Design and Development

  • Supply Chain Management

  • Outsourcing

  • Technology: Leading Edge and Established

  • Inventory Management

  • Quality Management

  • Overcoming Resistance to Change

  • Global Factors in Operations

  • Operations Case Study Practice

Topic 2: Marketing

  • Marketing Hub

  • Strategic Role of Marketing

  • Interdependence of Marketing with Other Business Functions

  • Production, Selling and Marketing Approaches

  • Types of Markets

  • Factors Influencing Customer Choice

  • Consumer Laws

  • Ethical Influences on Marketing

  • Situational Analysis

  • Market Research

  • Establishing Market Objectives

  • Identifying Target Markets

  • Developing Marketing Strategies

  • Implementation, Monitoring and Controlling

  • Market Segmentation

  • Product and Service Differentiation

  • Positioning

  • Products: Goods and Services

  • Branding

  • Packaging

  • Price and Pricing Methods

  • Pricing Strategies

  • Promotion Mix

  • Communication Process

  • Place and Distribution

  • Channel Choice

  • Physical Distribution Issues

  • People, Processes and Physical Evidence

  • E-Marketing

  • Global Marketing

  • Marketing Case Study Practice

Topic 3: Finance

  • Finance Hub

  • Strategic Role of Financial Management

  • Objectives of Financial Management

  • Short-Term and Long-Term Financial Objectives

  • Interdependence of Finance with Other Business Functions

  • Internal Sources of Finance

  • External Debt Finance

  • External Equity Finance

  • Debt versus Equity Finance

  • Financial Institutions

  • Influence of Government on Finance

  • Global Market Influences

  • Planning and Implementing Financial Management

  • Matching Finance to Business Purpose

  • Monitoring and Controlling Finance

  • Cash Flow Statement

  • Income Statement

  • Balance Sheet

  • Liquidity Ratios

  • Gearing Ratios

  • Profitability Ratios

  • Efficiency Ratios

  • Comparative Ratio Analysis

  • Limitations of Financial Reports

  • Ethical Issues in Financial Reports

  • Cash Flow Management

  • Working Capital Management

  • Leasing and Sale and Lease Back

  • Profitability Management

  • Global Financial Management

  • Methods of International Payment

  • Finance Case Study Practice

Topic 4: Human Resources

  • Human Resources Hub

  • Strategic Role of Human Resources

  • Interdependence of Human Resources with Other Business Functions

  • Outsourcing Human Resource Functions

  • Stakeholders in Human Resources

  • Legal Influences: Employment Contracts

  • Work Health and Safety and Workers Compensation

  • Anti-Discrimination and Equal Employment Opportunity

  • Economic Influences on Human Resources

  • Technological Influences on Human Resources

  • Social Influences on Human Resources

  • Ethics and Corporate Social Responsibility in Human Resources

  • Acquisition

  • Development

  • Maintenance

  • Separation

  • Leadership Styles

  • Job Design

  • Recruitment Strategies

  • Training and Development Strategies

  • Performance Management

  • Rewards

  • Global Human Resource Strategies

  • Workplace Disputes

  • Corporate Culture

  • Benchmarking Key Variables

  • Staff Turnover

  • Absenteeism

  • Accidents

  • Levels of Disputation

  • Worker Satisfaction

  • Human Resources Case Study Practice

HSC Exam Skills 

  • HSC Business Studies Exam Skills Hub

  • Using Business Studies Directive Terms

  • Writing Strong Short Answers

  • Writing Business Reports

  • Writing Extended Responses

  • Case Study Bank

  • Formula and Ratio Revision Page

  • HSC Business Studies Glossary

  • Mixed Topic Revision Questions

  • Full Course Checklist

HSC Business Studies Preliminary Course

Topic 1: Nature of Business

Nature of Business 

  • The Nature of a Business

  • Producing Goods and Services

  • Profit and Business Survival

  • Employment, Incomes and Choice

  • Innovation and Entrepreneurship

  • Risk, Wealth and Quality of Life

  • Classification by Size

  • Classification by Geographic Spread

  • Classification by Industry

  • Classification by Legal Structure

  • Sole Traders

  • Partnerships

  • Private Companies

  • Public Companies

  • Government Enterprises

  • Choosing a Legal Structure

  • External Influences on Business

  • Economic Influences

  • Financial Influences

  • Geographic Influences

  • Social Influences

  • Legal Influences

  • Political and Institutional Influences

  • Technological Influences

  • Competitive Situation and Markets

  • Internal Influences on Business

  • Business Products

  • Business Location

  • Business Resources

  • Management and Business Culture

  • Internal and External Stakeholders

  • Stakeholder Interests

  • Stakeholder Conflict

  • Stakeholder Responsibilities

  • The Business Life Cycle

  • Establishment Stage

  • Growth Stage

  • Maturity Stage

  • Post-Maturity Stage

  • Responding to Challenges at Each Stage

  • Factors Contributing to Business Decline

  • Voluntary and Involuntary Cessation

  • Nature of Business Case Study Practice

Topic 2: Business Management

  • Business Management Hub

  • Features of Effective Management

  • Interpersonal Skills

  • Communication Skills

  • Strategic Thinking and Vision

  • Problem-Solving and Decision-Making

  • Flexibility and Adaptability to Change

  • Reconciling Conflicting Stakeholder Interests

  • Types of Business Goals

  • Profit Goals

  • Market Share Goals

  • Growth Goals

  • Share Price Goals

  • Social Goals

  • Environmental Goals

  • Achieving a Mix of Business Goals

  • Staff Involvement

  • Classical Management Approach

  • Hierarchical Organisational Structure

  • Autocratic Leadership Style

  • Behavioural Management Approach

  • Teams in Management

  • Participative and Democratic Leadership

  • Contingency Approach

  • Comparing Management Approaches

  • Coordinating Key Business Functions and Resources

  • Operations Function

  • Production Process

  • Quality Management

  • Marketing Function

  • Identifying the Target Market

  • Marketing Mix

  • Finance Function

  • Cash Flow Statement

  • Income Statement

  • Balance Sheet

  • Human Resources Function

  • Recruitment

  • Training

  • Employment Contracts

  • Separation

  • Ethical Business Behaviour

  • Responding to Internal and External Influences

  • Identifying the Need for Change

  • Business Information Systems

  • Setting Achievable Goals

  • Resistance to Change

  • Management Consultants

  • Managing Change Effectively

  • Business Management Case Study Practice

Topic 3: Business Planning

  • Business Planning Hub

  • Definition of SMEs

  • Role of SMEs

  • Economic Contribution of SMEs

  • Success and Failure of SMEs

  • Personal Qualities of Business Owners

  • Sources of Information

  • The Business Idea

  • Competition

  • Establishment Options

  • Starting a New Business

  • Buying an Existing Business

  • Franchising

  • Market Considerations

  • Goods and Services in a Business Plan

  • Price Decisions

  • Location Decisions

  • Finance Considerations

  • Legal Considerations

  • Human Resource Considerations

  • Taxation

  • Government Influence on SMEs

  • Changes in the Business Environment

  • Purpose of a Business Plan

  • Sources of Planning Ideas

  • Situational Analysis

  • Vision

  • Goals and Objectives

  • Long-Term Growth

  • Organising Resources

  • Organising Operations Resources

  • Organising Marketing Resources

  • Organising Finance Resources

  • Organising Human Resources

  • Revenue and Cost Forecasting

  • Break-Even Analysis

  • Cash Flow Projections

  • Monitoring and Evaluation

  • Monitoring Sales

  • Monitoring Budgets

  • Monitoring Profit

  • Taking Corrective Action

  • Importance of a Business Plan

  • Management: Staffing and Teams

  • Trend Analysis

  • Identifying Competitive Advantage

  • Sustaining Competitive Advantage

  • Avoiding Over-Extension

  • Using Technology

  • Economic Conditions

  • Entering the Global Market

  • Business Planning Case Study Practice

Business Plan Project Pages

  • Small Business Plan Task Hub

  • Business Plan: Executive Summary

  • Business Plan: Business Description

  • Business Plan: Situational Analysis

  • Business Plan: Operations Plan

  • Business Plan: Marketing Plan

  • Business Plan: Finance Plan

  • Business Plan: Human Resources Plan

  • Business Plan: Evaluation and Corrective Action

Module 5: Heredity

Module 6: Genetic Change

Topic 3: Finance

Topic 4: Human Resources

HSC Business Studies| Exam Questions by Topic

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