igcse business studies definitions pdf

%%EOF They have to be paid whether or not the business is making any sales, Costs which vary with the number of items sold or produced. euro in EU, The process by which businesses or other organizations develop international influence or start operating on an international scale, A business with factories, production or service operations in more than one country. You must use business words as much as possible. These may be assessed in the examinations but sometimes they are general outcomes. It stands for attention, interest, desire and action, The means by which a product is passed from the place of production to the customer or retailer, An independent person or business that is appointed to deal with the sales and distribution of a product or range of products. Continuous improvement of products and processes by focusing on quality at each stage of production, Result of an agreement between countries to use the same currency for all business and other transactions- e.g. Created by pratyusha1999fb. Start studying Cambridge IGCSE Business Studies Key Terms. Enterprises Another word for businesses. Thank you for downloading our FREE business studies lesson plans, sponsored by Sytner. In line with Ofqual's decisions regarding changes to assessment of GCSEs, AS and A levels in 2021, there are no changes to assessment arrangements for Eduqas GCSE Business.. Why choose Eduqas? 2 Check yourselfquestions – find out how much you know and boost your grade Each chapter ends with a Check yourselfpage. Level 2. Welcome to Memrise! %PDF-1.6 %���� the firm which has taken it over. Welcome to IGCSE Business Studies. The Cambridge IGCSE Business Studies syllabus develops learners' understanding of business activity in the public and private sectors, and the importance of innovation and change. Past Papers Of Cambridge International Examinations (CIE)/IGCSE/Business Studies (0450)/2015 Nov/0450_w15_ms_12.pdf | PapaCambridge PLAY. ��y�����]��-��ճ�a��8�%�Q�|c%�E����QJ[�B�_�m��2z6J�-�h�Y[_�u�h�m��x������z�1[�%���[?��֧�Ϝ6�g|��_�9��DL�8p{8�ʳ:�����A�d��;�Y�!���.&����ˎ�D��IutUiupU ���U%�G���)x��ָ�4�p&��L��>���>o��m-�OD���X����~zk!�������[l����u�`^���X1�HmOx{���[r@��i+ �� ]��b����q�i����"��w8=�8�Y�W�ȁf8}ކ3�aK�� tx��g�^삠+v��!�a�{Bhk� ��5Y�liFe�̓T���?����}YV�-ަ��x��B����m̒�N��(�}H)&�,�#� ��o0 The syllabus has been divided into the following sections. Complete IGCSE Business Studies Past Papers The Cambridge IGCSE Business Studies syllabus develops learners’ understanding of business activity in the public and private sectors, and the importance of innovation and change. Ready to learn Section 1 2. Created by pratyusha1999fb. Test. Files: 0450_w19_gt.pdf : 0450_w19_in_21.pdf : 0450_w19_in_22.pdf : 0450_w19_in_23.pdf : 0450_w19_ms_11.pdf : 0450_w19_ms_12.pdf : 0450_w19_ms_13.pdf v Get the most out of your Instant Revision e-Book 1 The facts – just what you need to know The chapters cover all the core Business Studies topics set by the Exam Boards. Rules are strictly obeyed so that work is slowed down, Employees do their normal tasks but slower than usual, Employees refuse to comply with the new working practices, Employees refuse to work longer than their normal working hours, When trade unions and management agree to have pay disputes settled by an independent arbitrator instead of taking strike action, Listens to both sides in the industrial dispute and then gives a ruling on what they think is fair to both sides, Employees are locked out of their workplace by the employers, When employees contribute to decision-making in the business, Committees of workers who are consulted or informed on matters that affect employees, Where buyers and sellers come together to exchange products for money, A business whose main focus of activity is the product itself, A business which carries out market research to find out consumer wants before a product is developed and produced, Financial plan for the marketing of a product or product range for some specified period of time, Management process which identifies customer wants, anticipates future wants and then goes about satisfying them profitably, The percentage of total market sales held by one brand or business, Market is divided up into groups of consumers who have similar needs, A very large number of sales for a product, Small, specialized segment of a much larger market, Collection and collation of original data via direct contact with potential or existing customers, Information which has already been collected and is available for use by others, Set of questions to be answered as a means of collecting data for market research, Groups of people who agree to provide information about a specific product or general spending patterns over a period of time, When people are selected at random as a source of information for market research, When people are selected on the basis of certain characteristics as a source of information for market research, Unique name of a product that distinguishes it from other brands, When consumers keep buying the same brand again and again instead of choosing a competitor’s brand, Image or identity given to a product which gives it a personality of its own and distinguishes it from its competitors brands, The physical container or wrapping for a product- also used for promotion and selling appeal, Describes the stages a product will pass through from its introduction, through its growth until it is mature and then finally its decline, A cycle or series of cycles of economic expansion and contraction, Cost of manufacturing the product plus a profit mark-up, When prices are set lower than the competitors’ prices in order to be able to enter a new market, High price set for a new product on the market due to its novelty factor, Product is priced in line with or just below competitors’ prices to try to capture more of the market, When a product is sold at a very low price for a short period of time, When particular attention is paid to the effect that the price of a product will have upon the consumers’ perceptions of the product, The emphasis of advertising or sales promotion is to give full information about the product, Advertising or promotion which is trying to persuade the consumer that they really need the product and should buy it, Refers to the people who are potential buyers of a product or service, Simple way of planning an advert’s design. Spell. Total Cards. Subject. FREE (32) gboxford Key words glossary for Edexcel GCSE (9-1) Business Theme 2: Building a business. Profits are needed to return to the owners… without profits, they are likely to close the business. Level 2. Change ), Government and Economic Influence on Business Activity, Follow Business Studies IGCSE on WordPress.com, A good or service which people would like to have but which is not essential for living. The resources include teaching/learning class notes, Topical (topic by topic) Questions and Answers, Termly Examination Papers and Marking Schemes, Lesson Plans, Powerpoint Notes and Slides, Schemes of Work, KCSE KNEC Past Papers, Confidentials and Marking … IGCSE Business Studies Notes 1. BUSINESS STUDIES REVISION BOOKLET INDUS INTERNATIONAL SCHOOL 2014-15 1 | P a g e 1. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Basically, all humans have needs and wants. Business Studies Notes FREE pdf Downloads; KCSE business studies summarized revision PDF notes. 1. CIE IGCSE Business Studies (0450) Categorised Past Paper Questions, Mark Schemes, quizes and Revision Notes. This becomes the next month’s opening cash balance, The finance needed by a new business to pay for essential fixed and current assets before it can start trading, Money spent on fixed assets which will last longer than a year, Money spent on day-to-day expenses which do not involve the purchase of a long-term asset, Refers to the levels of management and division of responsibilities within an organization, Outlines the responsibilities and duties to be carried out by someone employed to do a specific job, Giving authority to a subordinate to perform particular tasks. Foster a deeper understanding with a wide range of international case studies and exam preparation matched to the key knowledge students need for success. 0450 BUSINESS STUDIES 0450/12 Paper 1 (Short Answer/Structured Response), ... Cambridge IGCSE ... profit margin (do not credit definitions or formulae) [max 2] Application [2] – award up to 2 marks for each relevant explanation in context of this business Bundle. Cambridge IGCSE Business Studies is accepted by universities and employers as proof of an understanding of business concepts and techniques across a range of different types of businesses. Here are things to remember for the IGCSE Business exam covering sections 1 to 6 on the syllabus. [��1����Pqu��Pp��?��K{ϟU�K��D�7�>|q��:;Q��l��9_m,0�B�;� �s ˃`���.�(����פεJ~Z��Nk���~e��h�`� ���� For each of the following businesses identify the factors of production used in the production process, state whether the business is capital-intensive or labour-intensive and explain your answer: i. FREE (21) Popular paid resources. This will then show the expected cash balance at the end of each month, The amount of cash held by the business at the start of the month, The difference between inflow and outflow of cash, Amount of cash held by the business at the end of each month. CIE IGCSE Business Studies 0450. A glossary … It’s fast, it’s fun and it’s mind-bogglingly effective. Owners of a business will aim for a satisfactory level of profits. Match. ... Moiz khan-September 14, 2017. Showing top 8 worksheets in the category - Business Studies Igcse. Softcover. $2%O��a���-~ q�({>[GkFG�8�Q@Sd��B��10���eTg ��9�Ē�E��K�1\�g�cb��W�ؘ��a#c8ĭ Learners find out how the major types of business organisation are established, financed … iGCSE Business Studies Glossary Terms. Discover business theory beyond the classroom by exploring real-world international businesses through case studies; rely on a tried-and-tested Student's Book to ensure full coverage of the latest Cambridge IGCSE and O Level Business Studies syllabuses (0450/0986/7115). Franchisees use franchisor's ideas, names. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 2. H�\��n�@E�|E/�E� ]U��,9v"y1�g> C�A����? for a specified job, When a vacancy is filled by someone who is an existing employee of a business, When a vacancy is filled by someone who is not an existing employee and will be new to the business, Introduction given to a new employee, explaining the firm’s activities, customs and procedures and introducing them to fellow workers, Watching a more experienced worker doing the job, Involves being away from the workplace, usually by specialist trainers, Establishing the workforce needed by the business for the foreseeable future in terms of the number and skills of the employees required, When an employee is no longer needed and so loses their job- not due to any aspect of their work being unsatisfactory, Group of workers who have joined together to ensure their interests are protected, Trade union which represents a particular type of skilled worker, Trade union which represents workers from a variety of trades and industry- they are often unskilled or semi-skilled, Trade union which represents all types of workers in a particular industry, Trade union which represents non-manual workers, All employees must be a member of the same trade union, A firm will deal with only one trade union and no others, Groups of employers who join together to give benefits to their members, Joint decision making involving bargaining between representatives of the management and of the workforce within a firm in hopes to arrive at a mutually acceptable agreement, Negotiations between one or more trade unions and one or more employers on pay and conditions of employment, Workers and management agree on an increase in benefits, in return for an increase in productivity, Action taken by the trade unions to decrease or halt production. Business. Types of Quality Improvements. This dictionary is primarily aimed at supporting secondary and tertiary students who are studying business and commerce related subjects. All books are in clear copy here, and all files are secure so don't worry about it. The agent will either put an additional amount on the price to cover their expenses or will receive a commission on sales, Output measured against the inputs used to create it, A quantity of one product is made, then a quantity of another item will be produced depending on the orders which come in, Large quantities of a product are produced in a continuous process, Margin of time between the date when stock is obtained and the date when it is sold, Techniques used by businesses to cut down on waste and therefore increase efficiency, A process of continuous improvement through the elimination of waste, Production method that involves reducing or virtually eliminating the need to hold stocks of raw materials or unsold stocks of the finished products. 2j6�O'|̟_->���מin1��2o�y�`�t}����0�� 502113-learner-guide.pdf : cambridge igcse and o level business studies second edition revision guide.pdf : cie-igcse-businessstudies-0450-v1-znotes.pdf : gcse business studies instant revision.pdf : igcse-study-guide-for-business-studies.pdf FREE (36) gboxford Edexcel A-level Business Exam Technique mat. Laissez-faire leaders allow followers to have complete freedom to make decisions concerning the completion of their work. Questions requiring definitions and knowledge, such as parts (a) and (b) of each question were generally well answered. The book can be used as a primary text for covering the syllabus and at the same time can be used as Business Studies Formulas and Equations. Weights & measures – Businesses can’t sell underweight goods (e.g. Learners find out how the major types of business organisation are established, financed and run, and how their activities are regulated. Preview Cambridge IGCSE Business Studies: Coursebook with CD-ROM (third edition), Mark Fisher, Veenu Jain, Cambridge University Press Understanding – can you suggest an appropriate action and also discuss the advantages and disadvantages of the approach/idea/theory etc 3. Preview Cambridge IGCSE Business Studies: Coursebook with CD-ROM (third edition), Mark Fisher, Veenu Jain, Cambridge University Press Business Studies: IGCSE matches the content of the Cambridge International Examinations syllabus. IGCSE Resources : Secondary: Oxford University Press Business Studies for IGCSE 1st Edition Download Answers to End of Chapter Questions and Scheme of Work This detailed scheme of work has been designed for teachers to use and refer to throughout the Cambridge IGCSE Business Studies (0450) course and provide them with ideas and inspiration for their activities in the classroom. Form 3 business notes. These are unlimited, Results from their being unlimited wants but limited resources to provide the goods and services to satisfy these wants. IGCSE Business Studies: Questions and Answers 3 Chapter 1.3 Factors of Production Questions a. This pack includes: 17 lesson plans Max. Description. A system of maintaining standards in manufactured products by testing a sample of the output against the specification. Below are additional Download Links to all the free Secondary School (High School) Resources for Form 1, Form 2, Form 3 and Form 4. Start studying IGCSE Business Studies Glossary. Each section has a collection of revision notes, interactive quizzes, crosswords, gap fills, word search quiz, case studies, worksheets and lot of other goodies. Edexcel GCSE Business. BUSINESS STUDIES GCSE; Revision Guide Unit 2: BUSINESS AND PEOPLE (Exam = 1 hour) Unit 3: PRODUCTION, FINANCE AND THE EXTERNAL BUSINESS ENVIRONMENT (Exam = 1.5 hours – Case Study) This revision book is split into the two units. Cambridge IGCSE Business Studies 0450 syllabus for 2020, 2021 and 2022. Cambridge IGCSE Business Studies 2.4 Internal and external communication 2.4.1 – Why effective communication is important and the methods used to achieve it Communication – Process by which information or instruction is exchanged between one group or person to another. The final responsibility, however, remains in the hands of the manager, The structure in an organization which allows instructions to be passed down from senior management to lower levels of management, Number of subordinates working directly under a manager, Have direct authority over subordinates in their department. The Cambridge IGCSE Business Studies syllabus develops learners' understanding of business activity in the public and private sectors, and the importance of innovation and change. Change ), You are commenting using your Facebook account. Task 2 - Terms and definitions 023 Task 3 – Smart car info 024 Task 6 – 4 Ps questions 025 . Knowledge of terminology and business ideas 2. 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They are the return to the shareholders for investing in the business, A business based upon the use of the brand names, promotional logos and trading methods of an existing successful business, The increase in the average price level of goods and services over time, When people who are willing and able to work cannot find a job, Records the difference between a country’s exports and imports, The value of income and falls when the prices rise faster than money income, The total value of output of goods and services in a country in one year, The goods and services sod from one country to another country, Goods and services bought in by one country from another country, The price of one currency in terms of another, The fall in the value of currency compared with other currencies- it buys less of another currency than before, The rise in the value of currency compared with other currencies- it buys more of another currency than before, Any change by the government in tax rates or public sector spending, Added to the prices of goods and the taxpayers pay the tax as they purchase the goods, The level of income a taxpayer has after paying income tax, A physical limit to the quantity of a product that can be imported, A change in the interest rates by the government or central bank, Used by the government to improve the efficient supply of the goods and services in their country, Decision taken by a manager because of the moral code observed in that firm, Legal meeting which considers workers’ complaints of unfair dismissal or discrimination at work, Legal agreement between employer and employee listing the rights and responsibilities of the workers, Given by a government body to allow a business to build a factory in a particular location, A region of a country where businesses will receive financial support to establish there due to the high unemployment in that area, Something that limits or controls the actions and decisions of a company, Constraints over which a business has no direct control, When a business takes decisions that may benefit stakeholders other than shareholders, Formed by people who share a common interest and who will take action to try and change the government policy or business decisions, Valuation by a government agency of all the external and private costs and benefits resulting from a business decision, The costs paid by the rest of the society other than the business as a result of a business decision, The gains to the rest of the society other than the business resulting from a business decision, The costs of a business decision actually paid for by the business, The financial gains made by a business as a result of a business decision, Addition of the private and external costs of a business decision, Addition of the private and external benefits of a business decision, Costs which do not vary with the number of items sold or produced in the short term. A café serving coffee, tea and snacks ii. Syllabus overview Back to contents page www.cambridgeinternational.orgigcse 7 Assessment overview All candidates take two papers. These are designed iGCSE Business Studies Glossary Terms. These are unlimited Economic Problem Results from their being unlimited wants but limited resources to provide the goods and services to satisfy these wants. KCSE business studies syllabus. Enterprise A willingness by an individual or a business to … Business Plan. Change ), You are commenting using your Google account. H�ܗIo����+��9t��0���p��sc|�I�R rdq���>o����2� y�Z^W�z�W��6���>�޽��ڙo�9�n���z{sm.N7��ӳ��o��E;Z��)Վ�sC6�ױ�A���ϻ�?ܘ�?�\^�|4���x�˻��ݻ���۳?�2��W��\�k�����t��ƙ͛� {Xo6W0�/�Ɩ�`A�Z.�1GS]ޮ.N^�?6sry�8Fs�������nFoN��1Ynt��n �Q)P�� ? Complete IGCSE Business Studies Past Papers The Cambridge IGCSE Business Studies syllabus develops learners’ understanding of business activity in the public and private sectors, and the importance of innovation and change. These documents are part of a larger blended learning pack, developed to support GCSE Business Studies. The resources include teaching/learning class notes, Topical (topic by topic) Questions and Answers, Termly Examination Papers and Marking Schemes, Lesson Plans, Powerpoint Notes and Slides, Schemes of Work, KCSE KNEC Past Papers, Confidentials and … The AQA syllabus is accepted by universities and employers as proof of an understanding of business concepts and techniques across a … Top Igcse Business Studies Flashcards Ranked by Quality. 17. They can be directly related to or identified with a particular product, Graphs which show how the costs and revenues of a business change with sales. CIE IGCSE Business Studies vocabulary. The owners will each take a share of the profits. The book covers the whole syllabus and is written in a concise manner. Revise faster and ace your IGCSE Business exams with adaptive flashcards. Economics dictionary / glossary Over 3000 terms defined and cross referenced via live links. Quality Assurance - when quality is ensured as the product / service is being built. Chapter 1: The purpose of Business Activity The economics problem: needs and wants. Created by. Edexcel GCSE Business Flashcard Maker: Jonny P. 460 Cards – 12 Decks – 562 Learners Sample Decks: 1.1 - Enterprise and entrepreneurship, 1.2 - Spotting a Business Opportunity, 1.3 - Putting a business … When one business buys out the owners of another business which then becomes part of the 'predator' business, i.e. The maintenance of a desired level of quality in a service or product, especially by means of attention to every stage of the process of delivery or production. In addition, Quick Route operates a small Cambridge IGCSE Business Studies Workbook of executive cars that it uses for exclusive work at the luxury end of the market. Cambridge IGCSE Business Studies is accepted by universities and employers as proof of an understanding of business concepts and techniques across a range of different types of businesses. A level Business studies. Needs are things we can't live without, … Learn. The Cambridge IGCSE Business Studies syllabus develops learners' understanding of business activity in the public and private sectors, and the importance of innovation and change. "The AQA (8132) GCSE Business Studies specification gives students the opportunity to explore real business issues and how businesses work. There are four and are in limited supply, The lack of sufficient products to satisfy the total wants of the population, The next best alternative given up by choosing another item, When the production process is split up into different tasks and each worker performs one of these tasks, Combine factors of production to make products which satisfy the people’s wants, The aims or targets that a business works towards, The difference between the selling price of a product or service and the cost of bought in materials and components, Any person or group with direct interest in the performance and activities of a business, Extracts and uses the natural resources of the Earth, Manufactures goods using the raw materials provided by the primary sector, Provides services to consumers and the other sectors of industry, When there is a decline in the importance of the secondary sector industry in a country, No government control over factors of production, Business which controls all of the market for a product, Does not have a private sector as all resources are owned by the state, The money invested into a business by the owners, The surplus after total costs have been subtracted from the sales revenue, When a business expands its existing operations, When a business takes over or merges with another business, When owners of two companies agree to join together their firms to make one business, When one business buys out the owners of another business which then becomes part of the predator business, When one firm merges with or takes over another one in the same industry at the same stage of production, When one firm merges with or takes over another one in the same industry but at different stages of production, When one firm merges with or takes a firm in a completely different industry, The owners of a company cannot be held responsible for the debts of the company they own and their liability is only limited to the investment they made in buying the shares, Written and legal agreement between business partners, One that does not have a separate legal identity, The owners of a company who buy shares which represent part ownership of the company. Here are a few examples. 1. IGCSE Business Studies 0450 About IGCSE Business Studies Syllabus The Cambridge IGCSE Business Studies syllabus develops learners’ understanding of business activity in the public and private sectors, and the importance of innovation and change. Level 1 ... A person who organises, operates and takes the risk for a new business venture. Provides teacher support for the Cambridge IGCSE, IGCSE (9-1) and O Level Business Studies syllabuses (0450/0986/7115) for examination from 2020. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Each document is complemented by a range of digital resources. ( Log Out /  Business Objective. Download IGCSE Business Studies (0450) - CIE Notes book pdf free download link or read online here in PDF. It allows followers a high degree of autonomy and self-rule, while at the same time offering guidance and support when requested, A group designated to carry out specific tasks within a business, Group of people who form independently of any official groups set up within a business and who have similar interests or something else in common, Identifies and records the responsibilities and tasks related to a job, Document which outlines the requirements, qualifications, expertise, physical characteristics etc. Also definitions for both unit 1 and unit 3 for EDEXCEL GCSE Business Studies. 254 0 obj <>/Filter/FlateDecode/ID[<5B43C3AA3E226A459423618A929BDF6E>]/Index[235 30]/Info 234 0 R/Length 105/Prev 437599/Root 236 0 R/Size 265/Type/XRef/W[1 3 1]>>stream Level. The pdf files for … These are a description of the educational purposes of the course. Involves a team guided by a leader where all individuals are involved in the decision-making process to determine what needs to be done and how it should be done. Form 1 business notes. 4. Definition Need A good or service essential for living Want A good or service which people would like to have but which is not essential for living. A café serving coffee, tea and snacks ii. BUSINESS STUDIES Paper 0450/11 Short Answer/Structured Response Key messages Candidates had clearly covered the syllabus content and practised making appropriate use of the data provided within their answers. navinj. in Business Studies. Key word glossary for Edexcel GCSE (9-1) Business Theme 1: Investigating small businesses. Join millions of people who are already learning for free on Memrise! It does not assume any prior knowledge of ... with definitions at the end of each unit. endstream endobj 239 0 obj <>stream ( Log Out /  endstream endobj 236 0 obj <>/Metadata 40 0 R/Names 255 0 R/Outlines 59 0 R/Pages 230 0 R/StructTreeRoot 74 0 R/Type/Catalog>> endobj 237 0 obj <>/Font<>>>/Rotate 0/StructParents 0/Type/Page>> endobj 238 0 obj <>stream Supplies arrive just at the time they are needed. The pdf files for separates chapters are also available. GCSE Business Studies is designed for students finishing secondary school to learn skills for running a business, such as managing money, advertising and employing staff. BBA & MBA Notes & Exam Studies. Cambridge IGCSE Business Studies is an up-to-date and lively text, which uses an enquiry-based and active approach to the subject. Ready to learn Section 2 3. Candidates would benefit from learning precise definitions for key terms. When employees who are taking industrial action stand outside their workplace to prevent or protest at the delivery of goods, arrival and departure of other employees etc. n.�����ui���e�V��T�2Fo�(M��|���6�/�y4|�k��ɦ.J��6"�?A��7��'���"N�}L�q^%��,)�z��ʶ�]p;��{�5�ʧ�� �7c+ Business Objectives: Profit Businesses owned by private individuals. This creates scarcity Factors… Easy-to-understand homework and revision materials for your GCSE Business AQA ‘9-1’ studies and exams. endstream endobj 240 0 obj <>stream These may be assessed in the examinations but sometimes they are general outcomes. IGCSE Business Studies: Questions and Answers 3 Chapter 1.3 Factors of Production Questions a. Access our revision guides and practise questions online or by using our app. Key Concepts: Terms in this set (21) Average Variable Costs. It is an invitation to the general public to buy shares in the newly formed PLC. It is written by an experienced Business Studies teacher and Write. GCSE Business Studies Unit 1 Keywords and Definitions Unit 1.2 Showing Enterprise Entrepreneur A person who owns and runs their own business and takes risks. IGCSE Business Studeies Unit 1 understanding business activity ppt 1. 0 Misleading promotion – Falsely advertise a product. STUDY. Cambridge IGCSE Business Studies revision & notes page. The book has been written for students of IGCSE/ O levels Business Studies. rather than the government are run to . Clear and straightforward assessment strategy; Content covering digital marketing, social media, globalisation, supply chain management and international trade The aim is to produce a product assured of zero defects. Free Cambridge IGCSE Business Studies Workbook PDF Book Medi Houghton has significant experience, in both business and teaching. endstream endobj startxref LESSON PLAN BUSINESS STUDIES sponsored by Sytner 60 minutes per lesson Mapped to the 2009 WJEC GCSE Business Studies specification Full lesson plans Lesson aims and objectives Student resources Teacher resources �� �`�� A detailed document issued by the directors of a company when they are converting it to a PLC status. �%o�;��J~M\�O�>eA.����B��~9s:%f�G�/�%��~�W���l`zzxz�y��7rB%t� s��\A�0W�+t8�\A�pV�Y ���������������������gT���K�3Q�D���K9�|��1���o�7���������o�7���������o�7��W�-KԬ ���s� If there is a defect, the product cannot go on sale. 235 0 obj <> endobj Learners find out how the major types of business organisation are established, financed and run, and how their activities are regulated. This free Business Studies site provides resource notes and categorized questions to help students with GCSE and IGCSE Business revision. Change ), You are commenting using your Twitter account. GCSE Business Studies Unit 3 Keywords and Definitions Marketing The management process that is responsible for anticipating, identifying and satisfying customer needs profitably Market Research The process of gaining information about customers, competitors and market trends through }�QF$����{(�|����nr��84�0�S׷1\�[l�;�s�g�µ]3}^��ͥ�ܯS���ӐU�����)��æ��1��6Į?��?�ã��q���On��k׆Sj���ח��y�ӾM���������}�+��%e�� ױnB��sȪE:֮zK�:}��}1.;���:fU���"�?���+� Quality Control - when a product is reviewed by the firm after it has been produced. Hours of preparation goes into these, and they are presented to save you that time. Business Studies Notes for IGCSE 2012 (All in one) in pdf Here is a pdf file with all Business Studies Notes for IGCSE 2012 for you to download. Start learning now! Total Variable Costs/Output (Unit 1 + 2) Total Variable Costs. They show the level of sales a business must make in order to break even, The income during a period of time from the sale of goods and services, The level of sales at which total costs equal total revenue, The extra costs that a business will incur by producing one more unit of output, Total cost of production divided by total output, Factors that lead to a reduction in average costs as a business increases in size, Underlying movement or direction of data over time, Line drawn through a series of points which best show the trend of that data, Plans for the future containing financial or numerical targets, Financial records of a firm’s transactions, Produced at the end of the financial year and give details of the profit or loss made over the year and the worth of the business, Shows how the gross profit of a business is calculated, Cost of producing or buying in the goods actually sold by a business during a time period, Income to a business during a period of time from the sale of goods and services, Made when sales revenue is greater than the cost of goods sold, Profit made by a business after all the costs have been deducted form sales revenue, Shows the net profit and retained profit of a business, The fall in the value of a fixed asset over time, That part of the profit and loss account which shows how the profit will be distributed after tax- either given as dividends or kept in as retained profits, The net profit reinvested back into a company after deducting tax and payments to owners such as dividends, Shows the value of a business’s assets and liabilities at a particular time, Those items of value which are owned by the business, Shows how much profit is made as a proportion of the capital that has been invested in the business, Ability of a business to pay back its short-term debts, The cash inflows and outflows of a business over a period of time, The stages between paying out cash for labor, materials etc. Below are additional Download Links to all the free Secondary School (High School) Resources for Form 1, Form 2, Form 3 and Form 4. The information is presented in short blocks so that it is easy to read and remember. The important components of the syllabus include the following: The aims of the syllabus. Learners find out how the major types of business organisation are established, financed and run, and how their activities are regulated. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. No changes to assessment for this subject. Business Studies Notes for IGCSE 2012 (All in one) in pdf Here is a pdf file with all Business Studies Notes for IGCSE 2012 for you to download. GCSE BUSINESS STUDIES REVISION – March/April 2015 1. 3.4.2 The nature and impact of legal controls related to marketing. in Business Studies. Revision Checklist for IGCSE Business Studies 0450 A guide for Students The important components of the syllabus include the following: The aims of the syllabus. Book Condition: New. They are able to take decisions in their departmental area, Specialist advisers who provide support to line managers and to the Board of Directors, Many decisions are not taken at the center of the business but instead are delegated to a lower level of management, Most decisions are taken at the center or higher levels of management, Very important decisions which can affect the overall success of the business, Tactical decisions are medium term, less complex decisions made by middle managers, Day-to-day decisions which will be taken by a lower level of management, The transferring of a message from the sender to the receiver who understands the message, The reply from the receiver which shows whether the message has arrived, been understood and, if necessary, been acted upon, Involves a message which does not call for or require a response, When the receiver gives a response to the message and there is discussion about it, When messages are sent between people working in the same organization, When messages are sent between one organization and another organization or an outside individual, The ways in which members of a group communicate with one another, The reason why employees want to work hard and effectively for the business, Payment relating to the number of sales made, A system whereby a proportion of the company’s profits is paid out to the employees, An additional amount of payment above basic pay as a reward for good work, Pay which is related to the effectiveness of the employee, A method of assessing the effectiveness of an employee, Enjoyment derived from feeling that you have done a good job, Involves workers swapping round and doing each specific task for only a limited time and then changing round again, Extra tasks of a similar level of work are added to a worker’s job description, Involves looking at jobs and adding tasks that require more skill and/or responsibility, Different approaches to dealing with people in a position of authority, When the manager expects to be in charge of the business and have their orders followed- there is little/no opportunity for workers to comment on anything. A number of candidates needed to provide a precise definition to Question 3(a). 263 0 obj <>stream Form 4 business notes. Cambridge IGCSE Business Studies 2.4 Internal and external communication 2.4.1 – Why effective communication is important and the methods used to achieve it Communication – Process by which information or instruction is exchanged between one group or person to another. Read online IGCSE Business Studies (0450) - CIE Notes book pdf free download link book now. l~B �@�H+2��if��p�0�%-c �� �y&%,xu$�����!Ԁ:� �6� Studies. Learners find out how the major types of business organisation are established, financed and run, and how their activities are regulated. A legal requirement for all companies in which it is voted on who should be on the Board of Directors for the upcoming year, Payments made to shareholders from the profits of a company after it has paid corporation tax. CIE IGCSE Business Studies (0450) Categorised Past Paper Questions, Mark Schemes, quizes and Revision Notes. h�bbd```b``6�} �Q,rL�E4A�x'���"�8�" R� D���H� R@�f)� ɸ��� ���&�����H���I�'���� � ��= Gravity. ( Log Out /  CIE IGCSE Business Studies 0450. endstream endobj 241 0 obj <>stream IGCSE Business Studies « eBook # TEOQS2Z6E3 IGCSE Business Studies By Chris J. Nutall Cambridge University Press, 2006. All candidates take: and: Paper 1 1 hour 30 minutes Short Answer and Data Response 50% CIE IGCSE Business Studies vocabulary. First edition. CIE IGCSE Business Studies vocabulary. Level 1 Section 1 ... Business based upon the use of brand names and trading methods of an existing successful business. The aims for IGCSE Business Studies are to be found in the syllabus. �B�����Z����ɢ�~%�׷�"��ї�2'g�38��=��v���ܣ�к�#tk�Q>]��Ŵ���Le�� M��&?Њ���7��.V~t9�do��0#��܀o��`�Œ.����9M�}q������tzPԱ��>,�;�,j]>ꓔ�ZB��5��7���_b�}"��k�S>l5��a�t���$S ���2&��R�W^:>m��S�ֱ�0 J~�����l;��v�ێ�Xi6�����I����Ȅn�nwO��l�DsL�%�ZD|98wDz��e�a�|����0Fu�?|r�������ZM�b�mV�b�F��K�[Sv��?0����W�HęX��d���x���$�b��{pX����m�=7r���X� M�����Ր�����S���d�p �� �J� Ӥ�b��Hv�. ( Log Out /  Business Structure, Organisation and Control Term Concise Definition Sole Trader A business owned and operated by one person, has unlimited liabil- ity. IGCSE Business Studies Formulas + Equations. make profits. h�b```��,�/22 � P��9>s3�Q�8�������+*:;g�p��2=��b Partnership A group or association of between 2 and 20 people who agree to own and run a business together. This creates scarcity, The resources need to produce goods or services. Cambridge IGCSE Business Studies Book PDF by Peter Stimpson, Karen Borrington (4th edition) Endorsed by Cambridge Assessment International Education for full syllabus coverage. Legal controls on marketing. Form 2 business notes. and receiving cash from the sale of goods, An estimate of future cash inflows and outflows of a business, usually on a month by month basis. Start studying Cambridge IGCSE Business Studies Definitions. The aims for IGCSE Business Studies are to be found in the syllabus. Learners find out how the major types of business organisation are established, financed and run, and how their activities are regulated. Exemplar exam questions are provided at the end of each unit, similar to those found on papers one and two. Created. This digital resource provides further guidance on syllabus and assessment, lesson tips, worksheets and exam-style questions. Over 100 multiple choice questions for EDEXCEL GCSE Business Studies (unit 1) Suitable for tests, games and lessons etc. Understanding business activity Chapters covered in this unit: 1.1 Business Activity 1.2 Classification of Businesses 1.3 Enterprise, business growth and size 1.4 Types of business organisation 1.5 Business objectives and stakeholder objectives These are a description of the educational purposes of the course. hޜTmk�0�+��Q�^lI6�@�&�l+���t��X$��e�ߝ;v��4(���8='�$������ĕpyDh��'8h�L`8��{%w�&WWt���86�,IME��!��h�Lo'� �Lq�^�x\-M^C4��I��1�j]��6������hUG�Y��AP�}�TJZ�1��jgQ���_�e�_ �J[���E��ap? For each of the following businesses identify the factors of production used in the production process, state whether the business is capital-intensive or labour-intensive and explain your answer: i. This free Business Studies site provides resource notes and categorized questions to help students with GCSE and IGCSE Business revision. Flashcards. 10th Grade. Document containing the business objectives and important details about the operations, finance and owners of the new businesses.

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