Business Studies
Cambridge IGCSE 0450 · 10 topics. Read the notes, then take the quiz. Score 6 out of 8 or more to master a topic.
⭐ 0 of 10 topics mastered
- 1Business activity and classificationBusinesses combine resources to make goods and services that satisfy needs and wants, adding value. They are classified by sector, measured by size and grow in different ways.Not triedNotesQuiz
- 2Business organisations, objectives and stakeholdersBusinesses can be sole traders, partnerships, companies, franchises or joint ventures. They set objectives and must consider the interests of many stakeholder groups.Not triedNotesQuiz
- 3Motivating employeesMotivated workers are more productive and less likely to leave. Motivation theories and financial and non-financial methods explain how businesses encourage people to work well.Not triedNotesQuiz
- 4Organisation, recruitment and communicationBusinesses organise people in structures with managers who lead in different styles. They recruit, select and train workers, and need effective communication.Not triedNotesQuiz
- 5Marketing and market researchMarketing identifies and satisfies customer needs. Market research, segmentation and sampling help businesses understand their customers and markets.Not triedNotesQuiz
- 6The marketing mixThe marketing mix of product, price, place and promotion must be planned together to suit the target market. Strategy includes pricing methods, the product life cycle and entering foreign markets.Not triedNotesQuiz
- 7Operations managementOperations turn inputs into goods and services efficiently. This covers production methods, productivity, technology, costs and break-even, quality and location decisions.Not triedNotesQuiz
- 8Business finance and cash flowBusinesses need finance to start, grow and run day to day. They choose suitable sources of finance and use cash-flow forecasts to avoid running out of cash.Not triedNotesQuiz
- 9Financial statements and ratiosIncome statements show profit and statements of financial position show what a business owns and owes. Ratios help users judge profitability and liquidity.Not triedNotesQuiz
- 10External influences on businessBusinesses are affected by the economy, government policies, environmental and ethical issues, globalisation and exchange rates, which create both opportunities and threats.Not triedNotesQuiz