4.4.1 Location and Relocation of a Business Factors relevant to the location decision of manufacturing businesses and service businesses Location has a huge impact on the success of businesses. You need to know the factors that will influence the location of both a manufacturing and service business, or the decision to locate internationally. You also
Overview The ‘A’ question 4 part answer has two main variations. You may be asked to apply to the case study. ⏰ Timing 🎓Assessment % Final Grade 8 mins Knowledge 4 marks Application 4 marks OR Analysis 4 marks 10% Four part ‘A’ questions on Paper 2 always require 4 knowledge points, but the explanation
5.1.1 The Need for Finance The first part of the unit is an introduction to the fundamentals of finance. Shorter knowledge questions are more likely, however, make sure you have a clear understanding of the three different reasons businesses need finance, as this forms the building blocks of later more difficult questions.
Nearly everyone will be aware of the importance of a business making a profit and have a basic idea of how it’s calculated. However, cash-flow can be just as crucial for business success, as cash is the life blood of the business. Without enough cash the business will not survive. So it is essential as
Unsurprisingly as profit or “the bottom line” is the ultimate objective of nearly all business activity, questions on calculating profit or evaluating the profitability of different business decisions are hugely popular questions in both Paper 1 and Paper 2. But let’s start by answering the simple questions: what is profit and why is it so
The statement of financial position and the idea of balancing assets and liabilities is a difficult concept. However, for IGCSE you don’t need an detailed understanding of how the Statement of Financial Position is constructed. Furthermore, questions on this topic are much less popular than questions on profit or cash flow. What you do need
5.5.1 Concept of Importance of Profitability Link 5.3 Income Statements The concept and importance of profitability As we saw in Income statements, profit is a crucial business objective. Profitability takes this one step further. It measures how efficiently a business is making a profit. The magic tools that allow us to measure profitability are
Economic Issues focuses on how the changing economic conditions can impact business. You may be asked questions like these: Past Paper Question Examples Paper 1 (a) Identify two stages of the business cycle.
Can business have a conscience? Can business be a force for good in the world or will companies always prioritise making profit over people and the environment? We examine these dilemmas from the perspective of business in environmental and ethical issues. You may be asked question like this: Past Paper Question Example Paper 1 (e)
Business must increasingly have an international outlook to survive and thrive. 6.3 is all about examining the opportunities and threats for all businesses, and stakeholders in the interconnected global economy. You may be asked questions like this: Past Paper Question Example Paper 1 (c) Outline how the appreciation of country B’s exchange rate might affect ABC.
