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Revision notes
IGCSE
Business
Edexcel IGCSE
Application Questions - The Workforce

Application Questions - The Workforce

Business: Edexcel IGCSE, topic 2.4.4

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Previous topic2.4.3 End of Topic Test - The Workforce Next topic2.4.5 Diagnostic Misconceptions - Money

Business: Edexcel IGCSE contents

1 Business Activity & Influences on Business
- 1.1 Business Objectives
  1.1.1 Business Aims
  1.1.2 Business Objectives
  1.1.3 Business Objectives Change Over Time
  1.1.4 End of Topic Test - Business Aims
  1.1.5 Diagnostic Misconceptions - Profit
- 1.2 Types of Organisations
  1.2.1 Sole Traders & Partnerships
  1.2.2 Limited Companies
  1.2.3 Limited Liability
  1.2.4 Unlimited vs Limited Liability
  1.2.5 Not For Profit & Franchises
  1.2.6 Multinational Companies
  1.2.7 End of Topic Test - Business Ownership
  1.2.8 Application Questions - Business Ownership
  1.2.9 Diagnostic Misconceptions - Company vs Business
  1.2.10 Diagnostic Misconceptions - Owners vs Shareholders
- 1.3 Classification of Businesses
  1.3.1 Sectors
- 1.4 Decisions on Location
  1.4.1 Location
- 1.5 Business & the International Economy
  1.5.1 Globalisation
  1.5.2 Exchange Rates
- 1.6 Government Objectives & Policy
  1.6.1 Government Objectives
  1.6.2 The Government & Business Activity
  1.6.3 Interest Rates
  1.6.4 Interest Rates - Calculations
  1.6.5 Diagnostic Misconceptions - Recessions
- 1.7 External Factors
  1.7.1 External Factors
- 1.8 What Makes a Business Successful?
  1.8.1 Measuring Success
  1.8.2 Reasons for Failure
2 People in Business
- 2.1 Internal & External Communication
  2.1.1 Communication
- 2.2 Recruitment & Selection Process
  2.2.1 Types of Employment
  2.2.2 Recruitment Stages
  2.2.3 Effective Recruitment
  2.2.4 Legal Controls Over Employment
  2.2.5 Diagnostic Misconceptions - Internal Recruitment
- 2.3 Training
  2.3.1 Training
- 2.4 Motivation & Rewards
  2.4.1 Motivation in the Workplace
  2.4.2 Financial & Non-Financial Methods
  2.4.3 End of Topic Test - The Workforce
  2.4.4 Application Questions - The Workforce
  2.4.5 Diagnostic Misconceptions - Money
- 2.5 Organisation Structures
  2.5.1 Organisational Structures
  2.5.2 Centralised vs. Decentralised Structures
  2.5.3 Tall & Flat Organisations
  2.5.4 Functional Areas Within a Business
  2.5.5 End of Topic Test - Org Structure
3 Business Finance
- 3.1 Sources of Finance
  3.1.1 Internal & External Sources of Finance
  3.1.2 Factors Affecting Sources of Finance
- 3.2 Cash Flow Forecasting
  3.2.1 Cash Flow
  3.2.2 Consequences of Cash Flow Problems
  3.2.3 Cash Flow - Calculations
  3.2.4 Solutions to Cash Flow Problems
  3.2.5 Diagnostic Misconceptions - Cash Flow
- 3.3 Cost & Break-Even Analysis
  3.3.1 Costs, Revenue & Profit
  3.3.2 Profit, Average Unit Cost & Interest
  3.3.3 Costs - Calculations
  3.3.4 Revenue - Calculations
  3.3.5 Break-Even Analysis
  3.3.6 Profit & Losses - Calculations
  3.3.7 End of Topic Test - Finance
  3.3.8 Grade 9 - Finance
  3.3.9 Diagnostic Misconceptions - Fixed Costs
  3.3.10 Diagnostic Misconceptions - Break-even
- 3.4 Financial Documents
  3.4.1 Financial Statements
  3.4.2 Income Statement
  3.4.3 Understanding Business Performance
- 3.5 Account Analysis
  3.5.1 Business Calculations
  3.5.2 Gross Profit - Calculations
  3.5.3 Net Profit - Calculations
  3.5.4 Business Calculations 2
  3.5.5 Business Calculations 3
  3.5.6 Liquidity
4 Marketing
5 Business Operations
- 5.1 Economies & Diseconomies of Scale
  5.1.1 Economies of Scale
  5.1.2 Diagnostic Misconceptions - Economies of Scale
- 5.2 Production
  5.2.1 Production Processes
  5.2.2 Flow and Batch Production
  5.2.3 Production Efficiency
  5.2.4 Technology & Production
  5.2.5 Diagnostic Misconceptions - JIT vs JIC
- 5.3 Factors of Production
  5.3.1 Factors of Production
- 5.4 Quality
  5.4.1 Importance of Quality
  5.4.2 Identifying Quality
  5.4.3 Total Quality Management
  5.4.4 End of Topic Test - Operational Decisions

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