In order to be able to develop their skills, knowledge and understanding in business, students need to have acquired competence in the quantitative skills that are relevant to the subject content and which are applied in the context of a business A-level, including:
calculate, use and understand ratios, averages and fractions
calculate, use and understand percentages and percentage changes
construct and interpret a range of standard graphical forms
interpret index numbers
calculate cost, revenue, profit and break-even
calculate investment appraisal outcomes and interpret results
interpret values of price and income elasticity of demand
use and interpret quantitative and non-quantitative information in order to make decisions
interpret, apply and analyse information in written, graphical and numerical forms.
Quantitative skills not in bold (to be added) not form part of the AS core content requirement; however, an exam board may include them in their AS specifications.
See the AQA Spec
The assessment of quantitative skills will include at least level 2 mathematical skills as a minimum of 10% of the overall AS marks and as a minimum of 10% of the overall A-level marks.
These quantitative skills may be assessed across the assessment objectives.