CAIE IGCSE Business(0450) Section 1-Understanding business activity

Total 99 pages

The pros and cons of the knowledge contained in my PowerPoint presentation are not entirely based on the content of the handbook. I made changes based on the mark scheme of past papers.

1.1 Business activity
1.1.1 The purpose and nature of business activity

1.2 Classification of businesses
1.2.1 Business activity in terms of primary, secondary and tertiary sectors
1.2.2 Classify business enterprises between private sector and public sector in a mixed economy

1.3 Enterprise, business growth and size
1.3.1 Enterprise and entrepreneurship
1.3.2 The methods and problems of measuring business size
1.3.3 Why some businesses grow and others remain small
1.3.4 Why some (new or established) businesses fail

1.4 Types of business organisation
1.4.1 The main features of different forms of business organisation

1.5 Business objectives and stakeholder objectives
1.5.1 Businesses can have several objectives and the importance of them can change
1.5.2 The role of stakeholder groups involved in business activity
1.5.3 Differences in the objectives of private sector and public sector enterprises