[DOWNLOAD] Cambridge Igcse Business Studies Fourth Edition Answers Chapter 2
IGCSE Business Studies: Questions and Answers 4 Answers Answer Marks 1(a)(i) 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.
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IGCSE Business Studies: Questions and Answers 2 Answers Answer Marks 1(a) What is meant by business objectives? Valid points could include: • Targets that a business strives to achieve (1) • Examples: survival, market share, profitability or wealth creation (1) 2 1(b) Discuss which coffee shop has the ‘better’ mission statement to enable it to ...
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2 Activity 1.5 a Value added is the increase in worth a business creates to a good or service as it goes through the production process. b The want being satisfied by P & M Ltd is the satisfaction buyers of the magazine get from reading about sports and recreation. c The opportunity cost for P & M Ltd is that it would have to give up an upgrade to its IT system if it
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Cambridge IGCSE Business Studies Content Topics area TERM 3 Marketing, competition and 3.1 the customer 3.2. Market research. 3.3. Marketing mix. 3.4
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IGCSE Business Studies _Chapter 2 "Classification of Businesses. Points explained in this chapter. 1.2.1 Business activity in terms of primary, secondary and tertiary sectors: • Basis of business ...
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