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UPDATED TO 2023-2025 SYLLABUS. CAIE IGCSE. TU. IESSUMMARIZED NOTES ON THE THE. RY S. LLABUS1. Underst. nding Business Activity1.1. Business Activitygoo. s or services that are essential for survival.goods or services custo. ers desire but are not essential for survival.unlimited wa.
All of the notes below have been updated to match the CIE IGCSE Business Studies (0450) syllabus for examinations in 2020, 2021 and 2022. 1. Understanding Business Activity. 1.1 – Business Activity. 1.2 – Classification of Businesses. 1.3 – Enterprise, Business Growth and Size. 1.4 – Types of Business Organizations.
IGCSE Business Revision Notes for Cambridge (CIE), Edexcel. Clear and structured resources to guide you through key topics.
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CIE IGCSE BUSINESS STUDIES//0450 Page 2 of 30 1. UNDERSTANDING BUSINESS ACTIVITY 1.1 Nature of Business Activity • • Needs: goods or services that we need in order to live • Wants: goods or services which people would like to have. But are not essential for living. • Peoples wants are unlimited (you will always want something)
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1.5. Financial information and decisions. Start-up capital is the nance needed by a new business to pay for essential non- current and current assets before it can begin trading. Working capital is the nance needed by a business to pay for its day-to-day activities.
