Category: Business Activity

1.1 Business Activity

1.1 The Purpose and Nature of Business Activity The purpose and nature of business activity is a straightforward introduction to the IGCSE course. However, it’s important to learn a simple definition for each new concept. You may be asked short answer definition questions like this one: Past Paper Question Example Paper 1 (a) Identify two

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1.2 Classification of Business

Table Of Contents1.2.1 Primary, Secondary and Tertiary SectorsBasis of business classificationReasons for the changing importance of business classification1.2.2 Classify business enterprises between private sector and public sector in the mixed economy Classification of business is more likely to appear as a short answer questions on Paper 1 like this example: Past Paper Question Example  

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1.3 Enterprise Business Growth and Size

Table Of Contents1.3.1 Characteristics of Successful EntrepreneursContents of a business plan and how business plans assist entrepreneurs1.3.2 Methods and Problems of Measuring Business SizeMethods of measuring business size1.3.3 Business GrowthWhy the owners of a business may want to expand the businessDifferent ways in which businesses can growProblems linked to business growth and how these might

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1.5 Business Objectives and Stakeholder Objectives

Table Of Contents1.5.1 Businesses Can Have Several Objectives and the Importance of Them Can ChangeNeed for business objectives and their importanceDifferent business objectivesObjectives of social enterprises1.5.2 The Role of Stakeholder Groups Involved in Business ActivityMain internal and external stakeholder groupsObjectives of different stakeholder groupsHow these objectives might conflict with each other1.5.3 Differences in the Objectives

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