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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. ts but limited resources to satisfy the wants.the lack of su cient produ.
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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.
Motivation is the reason why employees want to work hard and work e ectively for the business. Wage is a payment for work, usually paid weekly. Time rate is the amount paid to an employee for one hour of work. rate is an amount paid for each unit of output. Bonus is an additional amount of payment above basic pay as a reward for good work.
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