Igcse business studies - Study guides, Class notes & Summaries

QUESTIONS AND ANSWERS

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...

Chapter 8 _ IGCSE Business Studies with complete solution

IGCSE Business Studies - Marketing Exam Latest Update...

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...

Cambridge IGCSE Business Studies Exam Questions with 100% Correct Answers A Need - A good or service essential for living. A want - A good or service that people would like to have, but which is not essential for living. Economic problem - Unlimited wants but limited resources - this creates scarcity. Scarcity - Lack of sufficient products to satisfy total wants of population. Opportunity Costs - The next best item given up by choosing another. Factors of production - Resources needed ...

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 questions with complete solution

QUESTIONS AND ANSWERS

Full summary notes for IGCSE/O-Level business studies syllabus, written based on the textbook 'Cambridge IGCSE and O Level Business Studies 5th edition by Karen Borrington Peter Stimpson [Borrington, Karen Stimpson, Peter' however well suited for other O-level equivalent subjects as well as future syllabus. These notes were written by me throughout the 2 years I studied Business studies for the IGCSE Business Studies (0450) examinations and were extensively developed during my revision and lea...