Cambridge IGCSE Business Studies 1.1 – Business activity 1.1.1 Needs – Goods or services that are essential for living. These can things such as water, basic food and clothing. Wants...
Cambridge IGCSE Business Studies 1.2 – Classification of businesses 1.2.1 Economic Sectors Primary Sector – Extracts and uses the natural resources from the earth. e.g. Fishing, farming Secondary Sector – Manufacture...
Cambridge IGCSE Business Studies 1.3 – Enterprise, business growth and size 1.3.1 – Enterprise and entrepreneurship Entrepreneur – A person who organises, and operates a business. Characteristics of successful entrepreneurs Hard...
Cambridge IGCSE Business Studies 1.4 – Types of business organisation 1.4.1 – Main features of different forms of business organisation Unincorporated Business – A business that does not have a...
Cambridge IGCSE Business Studies 1.5 – Business objectives and stakeholder objectives 1.5.1 – Businesses can have several objectives – and the importance of these can change Business objective - a target...