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12/22/2024
Being aware of business operations
This section presents the fundamental principles and ideas of business, including the nature and goal of business operations as well as the classification system for businesses.
There are also significant questions about enterprise and entrepreneurs, as well as why some companies expand while others stay small.
The final topics are stakeholder objectives, business objectives, organizational types, and how an organization's size can be measured.
Individuals involved in business
The emphasis is on the functional aspect of human resources, which encompasses the significance and strategies for employee motivation.
Organizational structure and management, as well as hiring, selection, and training practices, are also taken into account. The significance and strategies of efficient internal as well as external interaction.
Marketing/Promotion
This section covers the functions of marketing, the differences between mass and niche markets, and market segmentation strategies.
The methods and significance of research on the market are discussed. It is made clear how important the four Ps, or marketing mix, are. The last topics covered in this section are promotional tactics to influence consumer choices in both domestic and new international markets.
Fourth, management of operations
The functional aspect of production, which encompasses the purpose, techniques, and ways to boost productivity, is the main focus.
They discuss break-even analysis and the various production costs. The importance and strategies for attaining quality in the manufacturing process and business location decisions are covered in the section's conclusion.
Decisions and financial information
The requirement for and sources of working capital, cash flow forecasting, and business finance are all covered in this section on finance and accounting.
Financial position statements, basic income statements, and account analysis—including the purpose and method of account use—are all covered.
Influences from outside sources on business operations
This section addresses the various outside factors that affect business operations and the effects they have on a company. Government influences on ethical, environmental, and economic issues are included, as is their effect on the business's functional areas.
The global economy, including globalization and its impact on governments and corporations, as well as multinational corporations and exchange rates, are also significant issues.
Assessment Goals
Understanding and knowledge:
Show that you are aware of and comprehend the facts, terms, ideas, conventions, theories, and techniques that are frequently applied to or utilized in business behavior.
Application
Utilize your knowledge and comprehension of terms, concepts, practices, theories, facts, and methods.
Analysis
Using the proper methods, arrange, evaluate, and interpret data in narrative, numerical, and graphical formats; distinguish between opinion and evidence in a business setting.
Assessment
Provide well-reasoned justifications, formulate arguments, comprehend ramifications, and make deductions. Make decisions, suggestions, and judgments.
How to get good marks?
Important elements that contribute to your success in the IGCSE Business Studies exam
Dealing with various business ideas makes IGCSE Business Studies the most challenging subject. To help you succeed the IGCSE Business Studies, at IB Global Academy our IGCSE business management tutor in Gurgaon will concentrate on all the things that are important to you.
And try to understand and learn. Do more than just study for the test. Understanding your syllabus thoroughly is the first step towards achieving high grades in IGCSE Business Studies.
Important elements that contribute to your success in the IGCSE Business Studies exam
Dealing with various business ideas makes IGCSE Business Studies the most challenging subject. To help you succeed the IGCSE Business Studies, our IGCSE business management tutor in Gurgaon will concentrate on all the things that are important to you.
And try to understand and learn. Do more than just study for the test. Understanding your syllabus thoroughly is the first step towards achieving high grades in IGCSE Business Studies.
Continue reading through each chapter to gain an understanding of how businesses are categorized. Additionally, become knowledgeable about stakeholder objectives, company structure, and various kinds of business objectives. Continue to work on how companies are run and structured.
Know the exam pattern, do mind mapping, and ask questions
Never be afraid to ask your IGCSE business management tutor in Gurgaon, teachers, or friends. For that reason, the more you ask questions, the more you learn. It will also enable you to gain a thorough understanding of each concept. The more questions you ask, the better your analytical abilities get.
Engage in mind mapping: Mind mapping helps you remember each concept by providing a visual link between them. Create a mind map on any subject. It facilitates the process of making connections between different topics. It also makes it easier for you to comprehend all of the material at once.
Recognize the exam format: Check out the IGCSE Business Studies exam format and duration before you start studying.
Each candidate is required to submit two papers (Paper 1 and Paper 2).
Paper 1 has an hour and thirty minutes to complete and includes both short responses and data response questions. It has 80 marks, which translates to 50% weight.
Paper 2 has a one-hour and thirty-minute time limit and includes a case study. It has 80 marks, which translates to 50% weight.
Every document has worth. Could you therefore take note of their weight? And begin preparing in accordance with that. Be sure to use your time effectively.
Your chances of earning an A* score for IGCSE Studies increase with your level of self-discipline.
Remember, edit, and take your own notes
Without revision, it is impossible to see what you have learned. Thus, continue using flashcards, tests, quizzes, and other review methods to help you remember. When taking notes, make sure to highlight any important points in the chapter.
Therefore, you can quickly find and learn the important points during the revision process. For example, how can one effectively communicate both internally and externally, and what are the various strategies for inspiring employees?
The best method for learning each concept step-by-step is to take notes. and comprehend each of the core ideas of business studies.
