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Businesses can be classi ed into three sectors: Industry extracts and uses the earth's natural resources to produce raw materials for other businesses. The industry manufactures goods using the raw materials provided by the primary sector. The Industry provides services to consumers and other industry sectors.
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.
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.
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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)
Revision notes for the Cambridge (CIE) IGCSE Business syllabus, written by the Business experts at Save My Exams.
Overview. Download & View Cie Igcse Business Studies 0450 Znotesas PDF for free. More details. Words:2,895. Pages:5. Preview. Full text. CIE IGCSE BUSINESS STUDIES//0450 1. UNDERSTANDING BUSINESS ACTIVITY• A business also employs people as worker and pays them wages to allow them to consume products as well1.1 Nature of Business Activity1.4 ...
