Gcse business studies - Study guides, Class notes & Summaries

Cambridge IGCSE Business Studies Key Terms Cambridge IGCSE Business Studies Key Terms Cambridge IGCSE Business Studies Key Terms

EDEXCEL GCSE Business Studies 1bs0 02 question paper may-june 2024

EDEXCEL GCSE Business Studies 1bs0 01 question paper may-june 2024

EDEXCEL IGCSE BUSINESS STUDIES EXAM LATEST UPDATE 2024/2025 QUESTIONS AND ANSWERS GRADED A+

EDEXCEL GCSE Business Studies 1bs0 01 marking scheme may-june 2024

EDEXCEL GCSE Business Studies 1bs0 02 marking scheme may-june 2024

QUESTIONS AND ANSWERS

Start-up capital correct answers The initial investment of capital in a business. Working capital correct answers The finance needed by a business to pay its day-to-day costs, for example, wages, raw materials and electricity. Capital expenditure correct answers The money spent on fixed assets. Revenue expenditure correct answers The money spent on day-to-day expenses. Short-term finance correct answers This type of finance includes any source of finance with a maturity of one year o...

Business - Answer An organisation which produces goods and services Consumer goods - Answer Goods and services sold to ordinary people rather than businesses Entrepreneurs - Answer People who take risk and set up businesses Goods - Answer Physical products like a mobile phone, packet of crisps or a pair of shoes Services - Answer Non-physical products like banking, car washing and waste disposal Needs - Answer Basic requirements for human survival Private sector - A...

Chapter 8 | IGCSE Business Studies Internal Recruitment Filling a vacant position with someone already employed in the business 4 advantages of Internal Recruitment 1. Vacancy can be filled quickly 2. Applicants already know how the business works 3. The business already knows the strengths and weaknesses of applicants 4. Employees are motivated by the chance for promotion 4 limitations of internal recruitment 1. Better candidate may be outside the business, 2. Conflict can occur betwe...