All important decision making power is held at Head Office. IGCSE Resources : Secondary: Oxford University Press Business Studies for IGCSE 1st Edition Download Answers to End of Chapter Questions and Scheme of Work This detailed scheme of work has been designed for teachers to use and refer to throughout the Cambridge IGCSE Business Studies (0450) course and provide them with ideas and inspiration for their activities in the classroom. Learners find out how the major types of business organisation are established, financed and â¦ This series helps students to develop the analytical and evaluative skills they need for success in business studies. An effective way to improve your learning is to do the questions and use the answers to reflect on Cambridge IGCSE Business Studies Workbook The stock of raw materials, work in progress and finished goods held by the business. Learners find out how the major types of business organisation are established, financed and â¦ This is the most profitable stage of the product life cycle. Production process uses a high quantity of capital equipment compared with labour input. The company cannot sell shares to the public. This workbook reinforces learning and deepens understanding of key concepts. 1. The production of goods and services with min waste of resources. Click on a link to a specific material. 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Economics Cambridge IGCSE Business Studies. The amount owed by the business to its owners includes capital and retained profits. 2 External costs are costs that are not paid for by the business or customers but by the rest of society, for example, external costs of a new factory include extra We will go through the updated exam technique step by step, with an example from March 2020 so you can follow the most effective and efficient method to gain top marks. Additional exercises supplement the Student's Book. There are 80 marks for this paper. Small amount of finance loans to entrepreneurs in countries where business finance is difficult to obtain. Two or more businesses agree to work together on a project and set up a separate business for this purpose. Filling a vacancy with someone already employed in the business. The production of very large quantities of identical goods using a continuous moving process. 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