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 – Busin…

The word ‘business’ is very familiar to us. We are surrounded by businesses and we could not imagine our life without the products we buy from them. So what is a business, or what is business studies? …

Mar 5, 2018 · 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. …

May 6, 2022 · * These notes are also useful in revision for other IGCSE syllabi (AQA, Edexcel, OCR etc.). Update: Business Studies (0450) and Economics (0455) notes have all been updated! …

The balance sheet, along with the income statement is prepared at the end of the financial year. It shows the value of a business’ assets and liabilities at a particular time. It is also know…

Marketing Strategy A marketing strategy is a plan to combine the right combination of the four elements of the marketing mix for a product to achieve its marketing objectives. Marketing objectives …

The Role of the H.R. (Human Resource) Department Recruitment and selection: attracting and selecting the best candidates for job posts Wages and salaries: set wages and salaries that attract and re…

Advantages to firms: Time is saved in negotiating with a union when compared to negotiating with individuals workers. When making changes in work schedules and practices, a trade union’s …

The Business/ Trade Cycle An economy will not always go through an economic growth; there is usually a cycle, as shown below. Growth – when GDP is rising, unemployment is falling and there are higher …

Business' Impact on the Environment Social responsibility is when a business decision benefits stakeholders other than shareholders i.e. workers, community, suppliers, banks etc. This is very …