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$700. Asha said: ‘Our external stakeholders want ReBag to employ people in five more towns. Getting a bank loan to expand the business will be a problem. What will I do about management? How will I inform workers about possible expansion?’ (a) Define ‘social enterprise’.
Practise drawing clear, simple, neat, fully-labelled charts and diagrams. Use the information in your case studies. What type of business organisation is it, what is the issue(s) facing the business? How you might use the information as application or to support your answer? Learn to spell business studies terms correctly.
• Learn precise definitions for all key terms in the syllabus. • Practise developing points of knowledge to show the possible impact on a business. • Refer directly to the information within the stem of the question throughout answers to ensure that
BUSINESS STUDIES. Paper 2 Case Study. 0450/21. May/June 2021. MARK SCHEME. Maximum Mark: 80. Published. This mark scheme is published as an aid to teachers and candidates, to indicate the requirements of the examination. It shows the basis on which Examiners were instructed to award marks.
An example of an answer which includes evaluation can be found in the mark scheme for each part (e) question. • Candidates must read each question carefully to ensure they have the correct focus in their answer.
The document provides definitions for various business and economic terms that may appear on IGCSE and O-level past papers. It includes over 50 terms defined through examples from past paper mark schemes.
This section introduces you to the basic building blocks of business studies. You will learn about the nature and purpose of business activity and the importance of needs, wants, scarcity, opportunity cost, specialisation and adding value. You will find out how business activities are classified, for
