Many students wait until the last minute to start preparing for a business studies exam. Unlike engineering or pure sciences exam, business studies exams do not require a lot of field research or practicals, hence the last-minute rush among many students.
Unfortunately, you still need to complete your syllabus, dedicate enough time to read all your notes, and practice with old papers to excel in a business studies exam. Below are valuable tips you can use to prepare for a business studies exam.
1. Learn to Discuss How Business Functions Relate
While preparing for business studies exams, pay keen attention to how different business functions affect each other. Learn how the four—operations, finance, marketing, and human resources work in harmony in a business environment.
A general understanding of how each function relates to the other will also give you a clear picture of how all different sub-topics fall together, thus adding more sense to your arguments. While studying one function, try to meditate on how it will affect the other and the possible results.
2. Have a Few Relevant Case Studies
Many students fail in business studies exams for ignoring case studies. Just as you’ll give a real-life example in an engineering assignment or any other practical course, the same should be applied in business, although in a slightly different manner. Whether the examiner requests it or not, try to throw in some sneaky case studies in your answers as long as they make logical sense.
Here, your goal is to convince the examiner that you understand the practical applications of what you’re talking about. Give a few examples of scenarios you recently watched on the television or read from other news blogs. It’s a great way to show your course leader that you’re interested in business studies beyond the classroom.
3. Learn Key Terms
Do not assume that the examiner or anyone reading your paper know the business key terms. Learn to start your answers by defining all the common words such as liquidity, profitability, market segmentation, among other words related to the questions.
However, you still need to pay keen attention to the keywords given to determine what the examiner is looking for. In your definitions, show how the terms connect to the question and relate to the case study. This will make your answer look more structured and convince the examiner that you know what you’re talking about.
4. Know More than One Financial Ratio
Knowing several business studies formulas and their real-life business applications is essential when preparing for a business studies exam.You must also understand what different ratios represent and how they affect relationships in the business world.
While understanding business ratios in the real-life application can be a lot easier, ensure you learn how to represent them when writing business studies exams. You may need to practice with many questions and read more to understand how these ratios are written.
Passing a business studies exam should not be a difficult undertaking as many students tend to think. Here’s what to do to position yourself for success:
- Read and understand the questions before you start writing
- Understand that business studies is a practical course just like many subjects. Try to give examples and real-life applications when answering questions.
- Know all the terminologies—their applications and definitions.
- Make your business paper look like a report instead of an essay or just a list of recommendations. You can do this by following the writing style specified in your instructions—ask your course leader if there are no specifications. Just make sure you have the title, introduction, executive summary, headings, body paragraphs, and conclusion.
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