Igcse business studies Study guides, Class notes & Summaries
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Cambridge IGCSE Business Studies 5th edition Hodder Education
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Cambridge IGCSE Business Studies 5th edition Hodder Education
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Cambridge IGCSE Business Studies Exam Well Answered 100% 2024.
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A Need - Answer A good or service essential for living. 
 
A want - Answer A good or service that people would like to have, but which is not essential for living. 
 
Economic problem - Answer Unlimited wants but limited resources - this creates scarcity. 
 
Scarcity - Answer Lack of sufficient products to satisfy total wants of population. 
 
Opportunity Costs - Answer The next best item given up by choosing another. 
 
Factors of production - Answer Resources needed to produce good...
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BEST REVIEW Cambridge IGCSE Business Studies 100% VERIFIED ANSWERS 2024/2025 CORRECT
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QUESTIONS AND ANSWERS
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IGCSE Business Studies 0450 Assessement Exam With All Correct Answers 2024.
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Need - Answer A good or service that is essential for people's living 
 
Want - Answer A good or service which people want to have, not essential 
 
Economic problem - Answer When wants exceed the resource available to make scarcity 
 
Scarcity - Answer when there are unlimited wants but limited resources 
 
Factors of Production (4) - Answer Land, labor, capital, enterprise 
 
Opportunity cost - Answer The next best alternative choice given up as another was chosen 
 
Specializatio...
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EDEXCEL IGCSE Business Studies Exam Questions And And Answers.
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Above-the-line promotion - correct answer Placing adverts using the media. 
 
Acid test ratio - correct answer Similar to the current ratio but excludes stocks from current assets. Sometimes called the quick ratio. 
 
Advertising - correct answer Communication between a business and its customers whereby messages are placed in the media to encourage the purchase of products. 
 
Agent or broker - correct ...
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EDEXCEL IGCSE BUSINESS STUDIES EXAM LATEST UPDATE 2024/2025 QUESTIONS AND ANSWERS GRADED A+
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EDEXCEL IGCSE BUSINESS STUDIES EXAM 
LATEST UPDATE 2024/2025 QUESTIONS 
AND ANSWERS GRADED A+
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EDEXCEL IGCSE Business Studies Exam Questions & Answers 2023
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EDEXCEL IGCSE Business Studies Exam Questions & Answers 2023 
 
Above-the-line promotion - ANSWER-Placing adverts using the media. 
 
Acid test ratio - ANSWER-Similar to the current ratio but excludes stocks from current assets. Sometimes called the quick ratio. 
 
Advertising - ANSWER-Communication between a business and its customers whereby messages are placed in the media to encourage the purchase of products. 
 
Agent or broker - ANSWER-An intermediary that brings together buyers and seller...
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Chapter 8 | IGCSE Business Studies ACTUAL SOLUTION
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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...
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Cambridge IGCSE Business Studies 100% VERIFIED ANSWERS 2024/2025 CORRECT ALREADY PASSED
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IGCSE Business Studies - Marketing Exam Latest Update
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IGCSE Business Studies - Marketing Exam Latest Update...
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