All of the notes below have been updated to match the CIE IGCSE Business Studies (0450) syllabus for examinations in 2020, 2021 and 2022. Application points are rewarded when examiners can see how students apply the theoretical knowledge to the case study in the paper and come up with practical answers. There is a certain amount of calculations that the student needs to spend time on. These may be assessed in the examinations but sometimes they are general outcomes. Limited application of knowledge and understanding of relevant business concepts. In addition, she does all the administration such as ordering inventory, accounts and paying invoices when the spa is closed. Then the student should focus on questions that are allocated more marks, calculations and require analysis. Secondly, the assessment objectives that need to be kept in mind to answer questions well are all taken into account in the PEEL method, As a result, using the PEEL method will give a very well rounded answer that addresses the assessment objectives. Shows that the students have analyzed which action or decision has affected the business and why. Tutopiya offers a wide range of printable study planners and materials that will aid students in their preparation towards exams, Outline how the appreciation of country B’s exchange rate might affect UDig. This will help the student to get an idea of how he or she can manage time and answer questions with ease. IGCSE Business Studies (0450) WELCOME. With customized lesson plans, feedback, lifetime access to resources the students are in safe hands. Hence, graphs and illustrations are used to further improve the quality of the candidate’s answer. Paper 2 is 1 hour and 30 minutes long and makes up for 50% of the total grade. The IGCSE Business Studies curriculum has been created with certain assessment objectives in mind. Beginning sentences with “this means that” or “this will impact the business positively because”. Tutor2U. For each of the following businesses identify the factors of production used in the production process, state whether the business is capital-intensive or labour-intensive and explain your answer: i. Foster a deeper understanding with a wide range of international case studies and exam preparation matched to the key knowledge students need for success. Here are things to remember for the IGCSE Business exam covering sections 1 to 6 on the syllabus. The BB Health Spa is very busy and Bethany is considering taking on a partner to help manage the business and give her more free time. This study guide is going to be about IGCSE Business Studies, Third Edition by Karen Borrington and Peter Stimpson. Tips and Tricks to Crack IGCSE Exams. External influences on business activity, 6.1 Government economic objectives and policies, IGCSE Maths Percentage increase and decrease. Learners find out how the major types of business organisation are established, financed and … However, it is also worried about inflation becoming a problem so it has increased interest rates. Students should justify why particular decisions were made when answering a question. Making flashcards and short notes to help remember and understand keywords and concepts will benefit the students. Getting into the habit of highlighting key terms and question words in the question can help students answer to point. Your email address will not be published. HOME. The numbers of marks allocated to each question are given on the right-hand side at the end of the question. (12 marks). Making simple changes to your study routines will help the candidates ace the examinations. Students can find below the assessment criteria, notes and some simple tips on how to maximize your marks based on each criterion. More. Available now – IGCSE Business Studies (0450) Complete Model Answers. 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… Benefits of our IGCSE Business Studies Tutoring. Download study resources, notes and mind maps Try past year exam questions for every topic Get online guidance on answering strategies and grading prediction from certified graders Bethany herself also provides customers with treatments. Examiners grade answers on the basis of the evaluations students provide. Bethany employs two qualified workers to provide the treatments for customers. It will be helpful to study in groups with friends. This GCSE course provides you with knowledge and understanding upon which you can build through further study. It can be very helpful to learn a short definition and example for each of the key words on the syllabus. The following file includes terms, definitions and thorough explanations along with formulas for Business studies (0450) students. If you have Cambridge IGCSE Business Studies 4th edition then these summary notes are perfect for you. They are simple and easy to read, memorize and understand. Satisficing/happy with the level of profit. Introduction. Underlining and highlighting are two techniques that students can use to read the case study text properly. Wherever necessary as per the requirements of the question, making illustrations, providing graphs and showing calculations will benefit the students. Bethany owns The BB Health Spa in Main City in country X. Level of output (1) where UDig extract the least amount of coal (1) could be closed as it will make fewer sales revenue. (1), Ease of access (1) of the eight locations (1) as sites difficult to reach could help lower transport costs. IGCSE Economics 2019: Free Comprehensive Notes, GCE A-Level Singapore – H1, H2 and H3 Explained, Tip 6: Online Tuition for IGCSE Business Studies, Tutopiya offers a pool of expert and internationally qualified IGCSE Business Studies tutors. Paper 1 and 2 will have questions based on fictional businesses. Making simple changes to your study routines will help the candidates ace the examinations. As a regular practice, it is advisable to students to carry out the timed practice of past papers to help them understand how much time needs to be spent on each question. (1), Better communication with customers and employees. GCSE Business Studies revision. Just study like you study any subject in IGCSE. Answer lots and lots of past papers even the varients of these papers. The resources include teaching/learning class notes, Topical (topic by topic) Questions and Answers, Termly Examination Papers and Marking Schemes, Lesson Plans, Powerpoint Notes and Slides, Schemes of Work, KCSE KNEC Past Papers, Confidentials and Marking … Is the business a single product or multi-product firm and which product lines are loss making? 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. It can be very useful to learn a short definition and an example for each of the keywords on the syllabus. 1.Both papers are out of 60 marks and are worth 75% of the total marks for the GCSE – make sure you revise every word mentioned on the specification carefully! Examiners reward points for application and as a result, review how students apply the theoretical knowledge to the business in the case study. So, students can use these to prepare for examinations or their study sessions and while practising past papers. Regular homework will really help after concentrating in the class. Some spas nearby have the latest equipment but these spas charge much higher prices than The BB Health Spa. For Heidi with blue hair – Fleur Adcock Poem Analysis, 1.5 Business objectives and stakeholder objectives, 2.3 Recruitment, selection and training of workers, 3.1 Marketing, competition and the customer, 4.2 Costs, scale of production and break-even analysis, 5.2 Cash-flow forecasting and working capital, 6. These marks give the student an idea as to how much detail they need to put into their answers. Hence, the student will know what points need to be made in the answer and what examples need to be given. To gain top grades in IGCSE Business Studies, students have to know the precise criteria that examiners are looking for. The world of Business affects all of us and influences our daily lives greatly. cambridge igcse and o level business studies second edition revision guide.pdf : cie-igcse-businessstudies-0450-v1-znotes.pdf : gcse business studies instant revision.pdf : igcse-study-guide-for-business-studies.pdf Cambridge IGCSE Business Studies revision & notes page. Award 1 mark for each relevant reason (maximum of two reasons): Award a maximum of 3 additional marks for each explanation – one of which must be applied to this context – of the reasons why the owner wants the business to remain small. Furthermore, a thorough analysis and evaluation of the data provided in the Paper are vital. forget they still have to answer based on the assessment objectives and marks allocated. A café serving coffee, tea and snacks ii. Such questions require providing a ‘definition, an example for application and some analysis from the student. 1. Tutopiya offers a pool of expert and internationally qualified IGCSE Business Studies tutors. IGCSE Business Studies Last document update: ago . The best way to manage time in the examinations is the age-old trick of focusing on easy questions first. Using Tutopiya’s IGCSE Business Studies 2019: Our Comprehensive Free Notes and Tips 2019 students can get an informative view of the assessment objectives and techniques to get better grades. Customers book appointments using the telephone and Bethany later telephones them to remind them when an appointment is due. I took the 0450 exam in the March of 2018 and was awarded an A* To prepare for the business studies examination, I would advise you to first go through the entire book. A 1 mark question will mostly ask the student to ‘define’ or ‘give an example’ of a keyword. Making flashcards and short notes to help remember and understand keywords and concepts will benefit the students. All the assessment objectives mentioned above are assessed in this paper. Cambridge IGCSE Business Studies Book PDF by Peter Stimpson, Karen Borrington (4th edition) Endorsed by Cambridge Assessment International Education for full syllabus coverage. Be prepared well before three months of exam. Prepping for the IGCSE Business Studies examinations can be made easy if you know how to organize and plan. Economic growth has been high for the last few years. I am happy to tell you that this is basically the greatest book i have go through in my own lifestyle and might be he greatest book for ever. STUDY RESOURCES. As a result, students lose marks in meeting this assessment objective of Analysis. These assessment objectives are the key aspects that will be assessed during the examinations. 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