Course Overview

The Edexcel IGCSE in Commerce course is designed to provide a sound understanding of commercial activities. In particular it will benefit those who seek employment in commercial occupations, whether in trade or in one of the services ancillary to trade.

The IGCSE in Commerce will provide a valuable background for students who plan to study

A Level in Business Studies or Economics, and other business or economics courses.

IGCSE in Commerce enables learners to acquire knowledge and develop an understanding of the nature and purpose of commercial activities and commercial institutions. It aims to develop an awareness of the context within which commercial activity takes place.

Students will further develop an awareness of the nature and significance of innovation and change within the context of commercial activities, and an appreciation of the impact of IT on commerce, and the importance of commercial communication and documentation.

Course Content

IGCSE Commerce is designed to prepare students for the EDEXCEL IGCSE in Commerce (4CMO) examinations, held in January and June in the UK.

This qualification is designed for those either in full time education or seeking professional development. Assessments are based on real commercial situations and the course provides a sound foundation for AS and A Level Business Studies, Economics or equivalent qualifications.

Production and Commercial Activity

This unit focuses on the production of goods and services, various commercial activities, a range of key occupations and the various commercial functions involved. This unit will enable students to show understanding of the concepts of production and the factors of production as a means of providing goods and services to satisfy human wants. Specialisation and the division of labour is investigated, along with the concepts of exchange, barter and money. Occupations are classified and primary, secondary and tertiary activities are examined.

Trade

This unit looks at retail trade in terms of its functions, types, locations trends and techniques. Wholesale trade is investigated, with a focus on the functions and services of a wholesaler, wholesaler structures and organisation, and recent developments in wholesaling with the possible implications for consumers. The benefits of international trade are examined and distinctions between imports and exports and visible and invisible trade made. Aids to export are investigated, as are the concepts of customs and excise duties, tariffs and quotas. The key features of the current methods of payment are described, relating to both home and international trade and exchange rates and trading blocs analysed.
Consumer Credit and Protection
Students will gain knowledge of the act of buying goods and services, particularly online, and of types of credit available. Consumer protection is considered in relation to government and local authority roles and responsibilities, with learners gaining an understanding of the need for protection.

Business Ownership

Students will learn about the UK's mixed economy of private and public sector organisations. Commercial calculations are explained including gross profit margin, net profit, average stock and turnover rates. Business performance measurement is investigated, alongside performance improvement activities and various sources of finance available to businesses in the current economic climate.

Aids to Trade

Forms of money are examined, as are the key features and functions of commercial banks and banking trends. Transportation is considered in the distribution of goods and a range of communication channels investigated as a means by which to expedite trade. Business insurance and risk are considered in terms of types of cover available and associated administrative processes. The role of advertising in trade is studied, in relation to specific advertising techniques, agencies and consumer protection against misleading practices.

Payment Option
  • You can either pay for your course in full or opt for a monthly payment plan.
  • Standard Course Fee: £500/month for a combination of 5 courses that includes Commerce.
  • You can speak to one of our course advisors now for payment plans. Contact Us
  • Please note that you are responsible for making your own exam arrangements. You will have to pay an examination fee as well as a centre fee which will vary depending on exam centre.
  • Find out more information about arranging your examinations.


Entry Requirements

You don't need any previous experience or qualifications to enrol in our IGCSE Commerce course. Every possible effort is made to make this type of education as accessible as possible.

Assessment
Internal Assessment

You will be required to submit test papers to your course tutor. Number of tests will be at the tutor’s discretion. Tests will be designed to assess your learning and understanding of concepts taught during lectures. Such tests provide a useful mechanism for feedback on progress.

IGCSE Exams

Paper 1 4CM0/01 - 2-hour external examination is comprised of compulsory short-answer structured questions, data-response questions and open-ended questions. Questions will be drawn from all areas of the subject content and the total number of marks available is 100.

You can sit exams in January and June for the lifetime of the qualification.

No coursework is required as part of the assessment for this course. It is 100% exam based.

Assessment Date

Exams are held every June and January.

Important Exam Information

Please note that you are responsible for making your own exam arrangements. You will have to pay an examination fee as well as a centre fee which will vary depending on exam centre.

Study/Support Period

Period for study/support is 12 months. During this time, you will have full access to data and information relevant to your course. However, you will have to be on campus to access on line data.

Future Prospects

The Edexcel IGCSE in Commerce is designed to provide a sound understanding of commercial activities, and will in particular benefit those who seek employment in commercial occupations, whether in trade or in one of the services ancillary to trade. The IGCSE in Commerce will provide a valuable background for students who plan to study Advanced GCE in Business Studies or Economics.