edexcelINTERNATIONAL ADVANCED LEVELBUSINESSSPECIFICATIONPearson Edexcel International Advanced Subsidiary in Business (XBS11)Pearson Edexcel International Advanced Level in Business (YBS11)First teaching September 2018First examination from January 2019Advanced Level)PearsonEdexcel,BTEC and LCCI qualificationsEdexcel,BTEC and LCCI qualifications are awarded by Pearson,the UK's largest awardingbody offering academic and vocational qualifications that are globally recognised andbenchmarked.For further information,please visit our qualification website atqualifications.pearson.com.Altematively,you can get in touch with us using the details onour contact us page at qualifications.pearson.com/contactusAbout PearsonPearson is the world's leading learning company,with 35,000 employees in more than70 countries working to help people of all ages to make measurable progress in their livesthrough learning.We put the leamer at the centre of everything we do,because whereverlearning flourishes,so do people.Find out more about how we can help you and yourlearners at qualifications.pearson.comAcknowledgementsThis specification has been produced by Pearson on the basis of consultation with teachers,examiners,consultants and other interested parties.Pearson would like to thank all thosewho contributed their time and expertise to the specification's development.References to third party material made in this specification are made in good faith.Pearsondoes not endorse,approve or accept responsibility for the content of materials,which maybe subject to change,or any opinions expressed therein.(Material may include textbooks,journals,magazines and other publications and websites.All information in this specification is correct at time of going to publication.ISBN9781446949573All the material in this publication is copyrightPearson Education Limited 2017ContentsAbout this specification2Why choose Edexcel qualifications?Why choose Pearson Edexcel International AdvancedSubsidiary/Advanced Level qualifications in Business?5Supporting you in planning and implementing these qualifications7Qualification at a glance8Business content11Unit 1:Marketing and people12Unit 2:Managing business activities20Unit 3:Business decisions and strategy26Unit 4:Global business33Assessment information38Administration and general information41Entries and resitting of units41Access arrangements,reasonable adjustments,specialconsideration and malpractice41Awarding and reporting43Student recruitment and progression45Appendices47Appendix 1:Codes48Appendix 2:Pearson World Class Qualification design principles49Appendix 3:Transferable skills51Appendix 4:Level 3 Extended Project qualification52Appendix 5:Glossary55Appendix 6:Command words56Appendix 7:Quantitative skills57Appendix 8:Glossary of International Accounting Standards58Appendix 9:Financial statements and accounting ratios60Appendix 10:Use of calculators61