Business Studies Band 6 Essay Structure

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Business Studies Band 6 Essay Structure by Terry Huang

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Top Four Tips for Answering Essay Questions in Business Studies

hsc business studies essay questions

By Anna Arreza, Business Studies Tutor, Dymocks Tutoring

Section III and Section IV of the HSC Business Studies paper account for nearly half of the total marks available for students in the final HSC exam. It’s therefore especially important that students spend time to develop their skills and confidence in responding to the essay section in Business. Here are some of my top four tips for acing the extended response section in your final exam:

Tip 1: Be familiar with NESA’s key glossary terms 

Oftentimes, the questions provided in Section III and IV of the Business Studies paper commence with a key term, such as “discuss,” “analyse” or “recommend.” 

Upon starting to plan your business reports, it is recommended for you to highlight these key terms. This is as these directive terms essentially establish:

  • Structure: how the marker wants you to respond to the question. 
  • Timing: how much time you should spend writing on each subsection. 

To familiarise yourself with these key terms, try making flashcards or a quizlet on these terms and its corresponding definition! A glossary of key terms provided by NESA can be found here . 

Tip 2: Unpack the stimulus question

For Section III of the HSC Business paper, you will be given a hefty hypothetical business situation that you will then be required to write a response to. A common mistake students make is to start writing immediately after reading the question. 

Don’t do this! Instead, when reading the question, students should make note of any important aspects of the question including:

  • What type of business is it and how is it positioned?
  • What stage of the business cycle is the business in?
  • What are the directive terms in the business report?
  • What specific dot points in the syllabus could I discuss?

Let’s have a look at the Section III of the 2019 HSC Business Studies exam paper:

hsc business studies essay questions

From the stimulus we can identify:  

  • How much working capital is required
  • What sources of funds are available for Roo’s Outback Eatery. 
  • Purple: This business is just about to start the introduction phase of the business life cycle, which will impact how much working capital is required.  
  • Blue: These indicate the positioning of the Roo’s Outback Eatery as one of class and quality. This will indicate the type of staff specifications  Roo’s Outback Eatery should aim to acquire.
  • Yellow: The directive terms should also be noted as per Tip 1!

While you may spend a few more minutes unpacking the question, planning provides a direction for your essay and is crucial in ensuring that your response is clear and effective. Ensure you reference the stimulus throughout your report.

Tip 3: Use formatting to your advantage

Extended responses written in Business Studies are focused on providing succinct and direct answers to the question(s). A report allows students more flexibility to convey information in a coherent way through:

  • Indents, underlining and highlighting
  • Flowcharts and diagrams (e.g. business life cycle)
  • Tables (e.g. a SWOT analysis, advantages vs disadvantages)

Formatting will allow you to categorise each section in your report, emphasise key points and ultimately present your arguments in a way that is strikingly clear to the reader. 

Tip 4: Timing 

When preparing for either Section III and Section IV, write a practice business report and time how long it will take you to complete each section. Knowing how long it will take for you to write each response will then allow you to make any necessary adjustments. This could include aiming to write a report under NESA’s recommended 35 minutes per section, or to delegate the time spent between MC, short answer and extended response according to your needs. 

At the end of the day, at the crux of an excellent essay comes from consistent practice and openness to feedback. Consult with your teachers and peers about how you could improve your practice business reports and adjust accordingly. Good luck!

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Business essay structure/example

DETAILED BUSINESS ESSAY SCAFFOLD with examples.

I am a published writer and experienced English tutor, teaching 43 students across 23 different schools. My previous students have all graduated with a Band 6 (90+) or exceptional Band 5 (87-89) in English (all units/levels), Business Studies & Geography.

I graduated in 2017 with a Band 6 in all 4 units of English and Business Studies. My Extension English 2 major work was published in the NSW Young Writers Showcase.

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Author Topic: HSC Business Studies Question Thread  (Read 219874 times)  Tweet   Share  

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emilyygeorgexx

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Re: HSC Business Studies Question Thread

If you're asked to reccommend a source of finance for $5M factory expansion, what would you choose?

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Hey! I have a question regarding this extended response; ‘Analyse the effect of global market strategies on the marketing mix’. And we have to answer by relating to McDonalds. How would you tackle this question in the best possible way? Thanks.
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Hey! First, recall the elements of the marketing mix - they can form the basis of your paragraphs. Then, you can match global market strategies to the marketing mix which you can talk about in your paragraphs! For example (I've put the marketing mix first then some strategies that could match each P): 1. Price - global pricing 2. Promotion - customisation, competitive positioning 3. Place - customisation 4. Product - standardisation, customisation Once you've matched strategies to the 4 Ps, all you have to do is integrate the Macca's case study in your paragraphs :-) Hope this helps!
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Hello, I have a business task and its a marketing essay. The question is "Assess the effectiveness of marketing strategies used by a business in achieving their strategic goals" Im confused on what to really talk about, can anyone help me with it? Thank you!
  • What strategy do they use and how do they use it (Action)
  • How effective is this strategy in achieving their strategic goals (results)
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hsc business studies essay questions

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Hii, My business in-class assessment is this upcoming Monday, and we'll be given 2 extended response questions on marketing and have to choose one to use. I haven't made notes for marketing yet, and am wondering on what the best method to study for this exam would be now, considering I have 3 days and only a mediocre understanding of marketing. Should I make notes or focus on essay questions/case study memorisation? Thaank you!
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hsc business studies essay questions

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Hey Razeen, The way I would prepare for this is I would try to get a fairly good understanding of the content first by reading someone's notes if you dont have your own made (there are soo many in the notes section here . Then I would try to make essay plans for as many questions as you can. If you feel you have time, write a whole extended response to see if you are comfortable writing one in exam conditions. Also, remember to look at a few case studies (QANTAS/apple etc.) and look at how the theory takes place in real life business just to see how you could and will incorporate them into your response. Overall, I would just try to understand the content as much as possible so from the notes you read, try to make a mind map and see the topic from a macro perspective (look at how things relate i.e. influences and strategies etc.) and then try to apply that knowledge to many different practice questions so you can practice choosing which parts of the course to talk about. Good luck with your exam
Hii The way I prepared for the marketing topic and the others was to understand/memorise the syllabus dot points and each subheading so you know what the question is asking you to address and to keep information relevant.  From my experience, the question could be from anything in the syllabus such as relate to the 3 extra P's only , so it would be very helpful to memorise at least the marketing section of the syllabus and to prepare ideas you could use to argue for and against/advantages and disadvantages on a certain action/strategy of the case study. Also, writing draft executive summaries on different questions helped me a lot when I did the topic because it allows you to put ideas together for when the actual exam. For guidance, I believe there are a few essays in the notes section which I've used and found very helpful, so do check that out. Best of luck!
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Hey! Just looking for a quick clarification. When talking about EEO, is it a legal requirement that businesses must implement affirmative acton measures within to the business or is it more of an initiative businesses take to exhibit their CSR? I know that EEO and affirmative action are covered by statute law but I just wanted to double check. Thanks!

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Report Helps Answer the Question: Is a College Degree Worth the Cost?

The analysis found that former students at most colleges had an annual income higher than high school graduates a decade after enrollment.

A diploma being swiped through a green device with a clock on it.

By Ann Carrns

Most people go to college to improve their financial prospects, though there are other benefits to attending a postsecondary institution. But as the average cost of a four-year degree has risen to six figures, even at public universities, it can be hard to know if the money is well spent .

A new analysis by HEA Group, a research and consulting firm focused on college access and success, may help answer the question for students and their families. The study compares the median earnings of former college students, 10 years after they enrolled, with basic income benchmarks.

The analysis found that a majority of colleges exceed minimum economic measures for their graduates, like having a typical annual income that is more than that of a high school graduate with no higher education ($32,000, per federal Scorecard data ).

Still, more than 1,000 schools fell short of that threshold, though many of them were for-profit colleges concentrating in short-term credentials rather than traditional four-year degrees.

Seeing whether a college’s former students are earning “reasonable” incomes, said Michael Itzkowitz, HEA Group’s founder and president, can help people weigh whether they want to cross some institutions off their list. Someone deciding between similar colleges, for example, can see the institution that has produced students with significantly higher incomes.

While income isn’t necessarily the only criterion to consider when comparing schools, Mr. Itzkowitz said, “it’s a very good starting point.”

The report used data from the Education Department’s College Scorecard to assess the earnings of about five million former students who had attended about 3,900 institutions of higher education, 10 years after they first enrolled. (The analysis includes data for people who didn’t complete their degree.) The report includes public colleges as well as private nonprofit and for-profit schools; the schools may offer nondegree certificates, associate degrees and bachelor’s degrees.

The analysis found that schools where students earned less than their peers who never attended college were generally those offering nondegree certificates, which can often be completed in 18 months or less, as well as for-profit institutions, although the list also includes some public and private nonprofit schools. At 71 percent of for-profit schools, a majority of students were earning less than high school graduates 10 years after enrolling, compared with 14 percent of public institutions and 9 percent of private nonprofit schools, Mr. Itzkowitz said.

“College is, indeed, worth it,” Mr. Itzkowitz said, but paying for it can be “substantially riskier” depending on the type of school you attend or the credential you seek.

(Another report found that former students of for-profit colleges tend to experience more financial risk than those who attended similarly selective public colleges. Those risks include having to take on more debt for higher education, a greater likelihood of defaulting on student loans and a lower likelihood of finding a job.)

Jason Altmire, president and chief executive of Career Education Colleges and Universities, a trade group representing for-profit career colleges, said lumping together schools offering mainly short-term certificate programs with colleges offering four-year degrees didn’t make sense. People who want to work in certain careers — hairdressing, for instance — generally can’t work in the field unless they earn a certificate, he said.

Mr. Altmire also said that income data from for-profit certificate schools might be skewed by “gender bias” because the programs had a higher proportion of women, who were more likely than men to work part time while raising families, lowering a school’s reported median income.

The HEA report also compared colleges’ performance with other benchmarks, like the federal poverty line ($15,000 annual income for an individual), which is used to determine eligibility for benefits for government programs like subsidized health insurance and Medicaid. Incomes at the “vast majority” of colleges exceeded this cutoff, the report found, although 18 — nearly all of them for-profit schools offering nondegree certificate programs in beauty or hairstyling — had students with median incomes below that threshold.

Majors also matter, since those in science, technology, engineering and nursing typically lead to significantly higher salaries than majors in the arts or humanities. (Last year, HEA published a separate analysis of the college majors that pay the most.)

When comparing the earnings after college, students and families shouldn’t look at the data in a vacuum, said Kristina Dooley, a certified educational planner in Hudson, Ohio. Many schools where former students go on to be top earners have programs focusing on health sciences, technology or business, but that may not be what you want to study.

“Use it as one piece of information,” Ms. Dooley said.

She said that students shouldn’t rule out a college just because it wasn’t at the pinnacle of the income list. Do ask questions, though — like whether its career services office helps with setting up internships and making alumni connections to assist you in finding a good-paying job.

Amy S. Jasper, an independent educational consultant in Richmond, Va., said postgraduate income might matter more to students and families who had to get a loan for college. “How much debt do they want to incur?” she said. “That is something that needs to be taken into consideration.”

But, she said, the benefits of college are not just financial. “I’d like to think that picking the right school is also about becoming a better person and contributing to the world.”

Here are some questions and answers about college costs:

What colleges had the highest median incomes?

Marquee names, like most Ivy League schools, Stanford and the Massachusetts Institute of Technology, are heavily represented at the top of HEA’s analysis. Their students had median incomes of at least $90,000 a decade after enrollment. (A handful of for-profit schools, focused on careers like nursing and digital production, can be found there as well.) But the highest-earning colleges on the list? Samuel Merritt University, a nursing and health sciences school in Oakland, Calif., and the University of Health Sciences and Pharmacy in St. Louis, each with incomes above $129,000. You can see the data on the HEA website .

How much does college cost?

The average estimated “sticker” price for college — the published cost for tuition, fees, housing, meals, books and supplies, transportation and personal items — ranges from about $19,000 a year at a two-year community college to about $28,000 for in-state students at a public four-year university to almost $58,000 at a four-year private college, according to 2022-23 data from the College Board . Some students, however, may pay much less because of financial aid.

Are some college programs required to meet income benchmarks?

A federal “gainful employment” rule , which aims to make career programs more accountable, is scheduled to take effect in July. The new rule, which mostly affects for-profit schools but also applies to certificate programs at all types of colleges, requires schools to show that at least half of their graduates earn more than a typical high school graduate in their state and that their graduates have affordable student loan payments. Colleges that miss either benchmark must alert students that the school could lose access to federal financial aid. Schools that fail the same standard twice in three years will become ineligible for federal aid programs.

A Guide to Making Better Financial Moves

Making sense of your finances can be complicated. the tips below can help..

Credit card debt is rising, and shopping for a card with a lower interest rate can help you save money. Here are some things to know .

Whether you’re looking to make your home more energy-efficient, install solar panels or buy an electric car, this guide can help you save money and fight climate change .

Starting this year, some of the money in 529 college savings accounts can be used for retirement if it’s not needed for education. Here is how it works .

Are you trying to improve your credit profile? You can now choose to have your on-time rent payments reported to the credit bureaus  to enhance your score.

Americans’ credit card debt and late payments are rising, and card interest rates remain high, but many people lack a plan to pay down their debt. Here’s what you can do .

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