contents of a business plan igcse

Business Studies – 0450

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

1.5 – Business Objectives and Stakeholder Objectives

2. People in Business

2.1 – Motivating Workers

2.2 – Organisation and Management

2.3 – Recruitment, Selection and Training of Workers

2.4 – Internal and External Communication

3. Marketing

3.1 – Marketing, Competition and the Customer

3.2 – Market Research

3.3 – Marketing Mix

3.4 – Marketing Strategy

4. Operations Management

4.1 – Production of Goods and Services

4.2 – Costs, Scale of Production and Break-even Analysis

4.3 – Achieving Quality Production

4.4 – Location Decisions

5. Financial Information and Decisions

5.1 – Business Finance: Needs and Sources

5.2 – Cash Flow Forecasting and Working Capital

5.3 – Income Statements

5.4 – Statement of Financial Position

5.5 – Analysis of Accounts

6. External Influences on Business Activity

6.1 – Economic Issues

6.2 – Environmental and Ethical Issues

6.3 – Business and the International Economy

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30 thoughts on “ Business Studies – 0450 ”

Crammed these notes the day before my exam and I couldn’t have done it without them. Truly helpful revision

Like Liked by 1 person

which topics did you prioritise the most?

I thank you so much for your work it has really helped me a lot,,,🤍

Please add images and TIPS in your notes to help further with the digestion of the information ! Keep up the good work !!

Is this the whole o level syllabus?? can I attend the exam if I only studied from this?

This is the IGCSE syllabus, not O Level exactly (although they’re very similar). These are revision notes, so please only use these for revisions once you’ve read the coursebook and/or attended classes. Also please practice past papers using their marking schemes – this is the single most useful thing you can do in preparation for exams.

Amazing work! thanks so much

You’re welcome!!

Really helped

hi! I love ur notes, they’re so well organised and helpful thnx for making these notes

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do you have an aid for ict

I love your notes a lot, thanks a bunch. They really help me in improving and expanding my business knowledges, your efforts are greatly appreciated by me c:

hi! I love ur notes, they’re so well organised and extremely helpful! thanks a bunch for all ur efforts 🙂

No worries!! We’re super glad to hear that they’re helpful! ❤

The best resource for revision, hardly appreciate the creators.

Your noted are the best! Please post A Level notes too! Thank x

Thank you so much for your kind words!! However, I am afraid we as a team do not currently have the time to create A levels notes, as we are all students too.

Ok tysm! Good luck to all of you !

Thank you so much! this is so Helpful! please History 0470!!!!!

Glad we could be of help! As for History, none of us at IGCSE AID have studied it and thus are not qualified to write notes for it. Sorry! I’m sure there are plenty of other sites offering History notes. Alas, I’m not familiar with any.

Can yoh please make Alevels notes too?

We may consider it as a future project, but unfortunately we’re all super busy right now. However, there are plenty of sites providing A-level notes; I suggest: znotes, cienotes and dineshbakshi. For AS-Level English, our friend Iman has made a helpful site: https://aslevel9093support.wordpress.com Hope they help, and good luck!

This makes my job easier. Many thanks.

copied from the text book by veenu jain, medi houghton, and maark fisher

What exactly is? The IGCSE AID Team have gone to great lengths to avoid plagiarism.

Can you please make a file for all the key terms in business?

Thank you so much, this is very helpful!!!

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Enterprise, Business Growth, and Size

Understand and explain the concepts of enterprise and entrepreneurship.

• Enterprise; Business skills, qualities and willingness to take financial and other business risks
• Entrepreneurship; The process of identifying a business opportunity, organizing the resources needed to start and run a business and taking the risks and rewards it involves

Understand and explain the characteristics of a successful entrepreneur

• Risk Taker; Entrepreneurs’s willingness to take considered risks is vital in business. An entrepreneur is not afraid of failure
• Confident; A successful entrepreneur will have a clear belief in their own abilities and ideas. Someone who lacks confidence will be unable to convince investors, banks, suppliers and customers.
• Hard-working; Many entrepreneurs have to work long hours,a t weekend and during holidays
• A good communicator; An entrepreneur must be a clear and confident communicator when sharing ideas with investors and when promoting their business

Understand and explain the contents of a business plan and how they assist entrepreneurs

• Aims and objectives of the business
• Description of the goods and services it will offer
• A plan for how and where production will be organised
• The resources the business will require
• It evaluates weather it is possible to turn the idea into a business
• It sets out what and how things needs to be done and when to achieve objectives
• It monitors how well the business is performing against the plan

Understand and explain why and how governments support start-ups, including through grants and training schemes

• They reduce unemployment
• It can boost economic growth
• It can encourage social enterprise (enterprises that help the environment)
• Grants; Non-repayable sums of money to help fund the business. Can be used for equipment, training and employing workers
• Low-cost loans; Loans of money repayable at a low rate of interest. Can be used for equipment, training and employing workers
• Training schemes; The government pays the cost of training a new employee. It can help increase the skills and knowledge of the employees

Identify different methods of measuring business size and their limitations

• Firms with less than 50 employees are considered small. However not all large firms employ lots of workers
• LIMITATIONS; Some large firms are capital-intensive and employ few workers using more machinery
• The money invested in the productive aspects of the business by its owners.
• LIMITATIONS; Some large firms may be labour-intensive and therefore their production requires a large employment and little capital
• How much output firms produce (Number of products or revenue)
• LIMITATIONS; A major shipbuilding company may produce one large product per year while a bakery will produce thousands of cakes
• The proportion of total sales of a product achieves by one firm
• LIMITATIONS; Not all markets are big. A local business may be very small in terms of market share, but very big in the local city.

Give reasons why some business owners may want to expand their business

• Banks may be willing to lend more money
• Suppliers of material may give discounts to large businesses buying these items in bulk
• A large firm may have more financial resources to invest more in machinery
• Business managers can increase their salaries

Give different ways in which business can grow

• Internal Growth; A business expands its existing operations. Equipment, employees, location. Slow but easy to manage
• Merger; Two or more businesses joining together
• Horizontal Integration; Involves businesses engaged in the production of the same types of goods or service. This is the most common
• Vertical Integration; Involves businesses at different stages of production. Car manufacturers + Car retailer
• Lateral Integration; Involves businesses in different industries in the same or different stage of production. Also called conglomerate merger

Give problems linked to business growth and how they might be overcome

• Have local managers at each business and communicate with meetings
• Expand more slowly and buy in bulk
• Expand more slowly and adopt capital-intensive production methods

Give reasons why some businesses remain small

• The size of the market is small (local population is low therefore customer numbers don’t increase)
• Access to capital is limited (personal problem and credibility in banks is low)
• Some business may decide to remain small (Profit is good and running a large business is hard)

Identify and explain the causes of business failure

• Not everyone has the skills required or the money for courses to be a good manager
• Changed in customer preferences
• Increasing competition
• Failure of major customers
• Happens when a business is unable to pay its employees, suppliers and other running costs

Identify and explain why new businesses are at a greater risk of failing

• Lack of skills and experience
• Lack of finance
• Failure to research and plan

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Programmes & Qualifications

Cambridge igcse business studies (0450).

• Syllabus overview

The Cambridge IGCSE Business Studies syllabus develops learners' understanding of business activity in the public and private sectors, and the importance of innovation and change. Learners find out how the major types of business organisation are established, financed and run, and how their activities are regulated. Factors influencing business decision-making are also considered, as are the essential values of cooperation and interdependence. 

Learners not only study business concepts and techniques but also enhance related skills such as numeracy and enquiry. The syllabus provides both a foundation for further study at Cambridge International A Level and an ideal preparation for the world of work.

The syllabus year refers to the year in which the examination will be taken.

• -->2023 - 2025 Syllabus (PDF, 353KB)
• -->2026 Syllabus (PDF, 640KB)

Syllabus support

• -->Support for Business Studies (PDF, 1011KB)

Important notices

We have changed the syllabus code to 0264 for first assessment March 2027. We have also renamed the title to ‘Business’ to align with our Cambridge International AS & A Level Business qualification (9609). You can view the Cambridge IGCSE™ Business (0264) syllabus here .

Please note that if you make an entry for the A*-G grading scale, it is not then possible to switch to the 9-1 grading scale once the entries deadline has passed. If you find that you have accidentally made an entry for the A*-G syllabus, you must withdraw and re-enter before the entries deadline.

For some subjects, we publish grade descriptions to help understand the level of performance candidates’ grades represent.

We paused the publication of grade descriptions in response to the Covid-19 pandemic and the temporary changes to the awarding standard in 2020, 2021 and 2022.

As the awarding standard has now returned to the pre-pandemic standard, we are working to produce up-to-date grade descriptions for most of our general qualifications. These will be based on the awarding standards in place from June 2023 onwards.

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IGCSE/O-level Business Revision Essential

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Sample lessons are available for free here , and you can use the knowledge check-up to find your knowledge gaps.  

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IGCSE Business Studies (0450)

IGCSE Business Studies is one of those subjects that makes you feel as if you crushed the exam, but when you go look at the results, it might not be the happiest moment.

That's because examiners tend to look for specific answers using certain command words in the right format. I have personally struggled with the subject and have seen my friends join me in this journey, too.

We never gave up, though. Fortunately, we had really good teachers who went above and beyond to help us, and now, we would like to dedicate these revision notes to them because, without their help, we would not be able to clear the examinations with flying colours.

Subject Contents

• Understanding Business Activity
• People in Business
• Operations Management
• Financial Information and Decisions
• External Influences on Business Activity (Coming Soon)
• Formula Sheet
• Topical Past Papers (Coming Soon)
• Past Papers (Coming Soon)
• Textbook Answers (Coming Soon)

Sense Business Studies

Igcse business studies complete guide and notes, 1 understanding business activity, 2 people in business, 3 marketing, 4 operations management, 5 financial information and decisions, 6 external influences on business activity, about this course:.

The Cambridge IGCSE Business Studies syllabus develops learners’ understanding of business activity in the public and private sectors, and the importance of innovation and change.

As learners delve into understanding the establishment, financing, and operation of various types of business organizations, it’s essential to consider real-world examples. Slotogate, a prominent online casino platform, serves as a practical illustration of these principles in action. Slotogate showcases how a complex business operation can be established and efficiently run within the online gaming industry. It provides insights into its financing strategies, such as diversified deposit methods and revenue models. Moreover, Slotogate operates within a regulatory framework, highlighting the importance of compliance and responsible gaming practices, and embodies the values of cooperation and interdependence, evident in its partnerships with top gigadat casinos and its commitment to enhancing the player experience.

Learners not only study business concepts and techniques but also enhance related skills such as numeracy and enquiry.

The syllabus provides both a foundation for further study at Cambridge International A Level and an ideal preparation for the world of work.

Why Business Studies

IGCSE Business, a captivating subject that offers a window into the dynamic world of commerce and entrepreneurship, is an educational journey that goes beyond textbooks and classrooms.

IGCSE Business empowers students with a real-world understanding of how businesses operate. It demystifies complex economic concepts and breaks them down into digestible pieces.

As students dive into topics like marketing, finance, and operations, they begin to see the interplay of decisions and strategies in everyday life. It’s like discovering the secret sauce behind your favourite brands and local businesses.

Imagine a world where you can decode the marketing strategies of your favorite companies, understand how they set their prices, and analyze the impact of their decisions on consumer behavior.

IGCSE Business equips you with these analytical skills, turning you into a savvy consumer and an astute observer of the business landscape.

IGCSE Business nurtures entrepreneurial spirit. It encourages students to think beyond the conventional, to innovate, and to dream of creating their own businesses someday.

Whether it’s designing a business plan, exploring market opportunities, or understanding the financial risks and rewards of entrepreneurship, this subject paves the way for the next generation of visionary business leaders.

In a world increasingly shaped by globalization, IGCSE Business equips students with a global perspective.

Does it help students?

It helps them understand how businesses operate on an international scale, exposing them to the intricacies of global trade, supply chains, and cultural factors influencing consumer behaviour. In an interconnected world, this global outlook is invaluable.

IGCSE Business also emphasizes ethics and sustainability. It encourages students to consider the ethical implications of business decisions and the importance of sustainable practices.

In an era where businesses are under scrutiny for their environmental and social impact, this subject nurtures responsible and socially conscious future leaders.

Importantly, IGCSE Business opens doors to diverse career paths. Whether students aspire to become marketing executives, financial analysts, entrepreneurs, or even policymakers, the foundational knowledge gained in IGCSE Business serves as a launchpad for future success.

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IGCSE Business Studies: Syllabus, Pattern, Assessments Outline & Reference Textbook

Home » Blog Microsite » IGCSE Business Studies: Syllabus, Pattern, Assessments Outline & Reference Textbook

Table of Contents

  6497 Reads     Updated on: April 18, 2024

       Updated on: 

IGCSE Business Studies Syllabus Outline

• Understanding business activity
• People in business
• Operations management
• Financial information and financial decisions
• External influences on business activity

IGCSE Business Studies Content Overview

• Understanding business activity : The aim and nature of business activity, as well as how firms might be classed, are all covered in this section that introduces the fundamental notions and concepts of business. Other crucial concerns include enterprise, entrepreneurs, and the reasons why some businesses expand while others stay small. The last subjects include how business size can be measured, different business organisation kinds, business objectives, and stakeholder objectives.
• Business and people: The functional area of human resources is the main focus, and it encompasses the significance of and strategies for motivating a workforce. It is also taken into account how firms are structured and run, as well as how personnel are hired, chosen, and trained. The importance and strategies for efficient internal and external communication are covered in the section’s final paragraph.
• Marketing: This section discusses the function of marketing, the differences between niche and mass markets, and market segmentation strategies. Market research techniques and value are discussed. It is made plain what the four Ps, or the marketing mix, are responsible for most. The final subjects in this part are marketing tactics to sway consumer choices in domestic markets as well as new international markets.
• Operations management: The functional area of production is the main focus, along with the definition, production processes, and ways to boost productivity. Break-even analysis and various production expenses are explored. The importance and strategies for obtaining quality in the production process and business site considerations are discussed in the section’s conclusion.
• Financial data and decisions: This section on finance and accounting discusses working capital, cash flow forecasts, and the need for and sources of business financing. Simple income statements, financial position statements, and account analysis, including why and how accounts are used, are all covered.
• External influences on business activity: The various external impacts on business activities are the emphasis of this section, along with their effects on a business. It also covers how the government affects economic, ethical, and environmental issues and how these affect the operational facets of organisations. The global economy, including globalisation and its implications on governments and enterprises, multinational corporations, and exchange rates are further significant problems. Legal restrictions are an external factor to take into account, although these factors are covered in relevant areas of functions.

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IGCSE Business Studies Assessment Outline

Paper 1 short answer and data response.

Type of assessment: Written paper Duration: 1 hour 30 minutes Marks: 80

• The exam consists of four questions with a mix of short answers and structured data responses.
• The paper evaluates content from the entire curriculum.
• The stimulus material introduces each question. Candidates will be required to refer to the stimulus material in their answers to some questions. Tables, graphs, and images are examples of stimulus material.
• Candidates respond to all questions.
• Candidates should be aware of the marks assigned to each part of the question.
• These are printed on the answer sheet.
• Candidates should use them as a guide to the level of detail and length of response that is expected, as well as to help them manage their time effectively.
• On the question paper, candidates write their answers.

The paper evaluates the following assessment objectives:

AO1: Knowledge and understanding AO2: Application AO3: Analysis AO4: Evaluation

Paper 2 Case Study

• The question paper consists of four questions based on a case study that is provided as an insert with the paper. The case study includes appendices with data presented in a variety of formats, including tables, graphs, newspaper extracts, and advertisements.
• The paper evaluates material from the entire curriculum.
• Candidates must respond to all questions.
• Candidates need to be aware of the points allotted to each section of the question. These are printed on the question paper.
• Candidates should use them as a guide to the level of detail and length of response expected, as well as to help them manage their time effectively.
• The question paper is where the candidates write their answers.

IGCSE Business Studies Pattern of the Examination

Paper 1: questions centered around the command terms.

Paper 2: Questions Centered Around The Command Terms

IGCSE Business Studies Reference Textbook

IGCSE Business Studies Specimen Paper and Past Paper Reference Website

https://www.cambridgeinternational.org/programmes-and-qualifications/cambridge-igcse-business-studies-0450/past-papers/

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Is IGCSE business studies hard?

No, The IGCSE Business study is not so hard. But it is relatively easier in the IGCSE exam.

What is in IGCSE business studies?

The student is able to understand the business models and understanding of private and public sector activities, this is in IGCSE Business studies.

Which IGCSE board is Harder?

The Edexcel is the toughest board in IGCSE.

In IGCSE Business studies, how to answer 8 marks questions?

First, use the correct structure, then reread the case study, third choose your knowledge point, fourth add the application, fifth use add analysis, and then a conclusion for completing the chain of analysis. This is how one can give answers to 8 marks questions in IGCSE Business studies.

Is IGCSE Business studies a good career choice?

Yes, in today’s world business, we have a 99.9% market share in the world. Thus, any aspirant working in this field will be offered a decent salary structure. So with this conclusion, yes IGCSE business studies is a good career choice.

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Pearson Edexcel International GCSE (iGCSE) in Business 1.1.1. Businesses can have several objectives

Subject: Business and finance

Age range: 14-16

Resource type: Lesson (complete)

Last updated

12 September 2024

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Pearson Edexcel International GCSE in Business 1.1.1. Businesses can have several objectives

1.1.1 Businesses can have several objectives: • financial aims and objectives - survival, profit, sales, market share, financial security • non-financial aims and objectives - social objectives, personal satisfaction, challenge, independence and control.

This is a complete lesson with a teacher PowerPoint and a student worksheet.

Written by Sarah Hilton at Revisionstation

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Understanding business activity

Topic outline.

• Scenario Pack
• Teaching Packs
• Test Maker Topic questions

Each Scenario Pack provides a lesson plan and resources based on a business scenario to actively engage your learners in thinking about, justifying, analysing and evaluating decisions.

• Select activity This video contains timed elements to help learner... This video contains timed elements to help learners work through the activity. Once you have started the video you can leave it to run from start to finish, allowing you to facilitate.

The Teaching Packs below contain detailed lesson plans and worksheets to help develop your learners' ability to apply, analyse and evaluate.

Each pack focuses on a specific AO and the skills associated this.

You can use the quiz below to help your learners to identify areas of weakness that they may need to develop.

• Select activity Test Maker Test Maker

-->Test Maker is an online service that makes it easy for you to create high-quality, customised test papers for your learners using Cambridge questions.

-->Test Maker is currently available for Cambridge IGCSE Business Studies 0450, but although the grading differs for Cambridge IGCSE (9-1) syllabuses, the questions are valid for equivalent Cambridge IGCSE (9-1) and O Level syllabuses.

-->Test Maker is available to all Cambridge schools through the Extra Services section of the School Support Hub.

The topic questions have been compiled from a number of past papers. You can use them to formatively assess your learners' understanding of this topic. The mark scheme for each question is provided at the end of the document.