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Archive for the ‘IGCSE Business Studies Topics (0450)’ Category:

Income Statement

Income Statement

Understanding Income Statement   Income statement (US English) also known as Profit and Loss Account (UK English) which helps investors and creditors determine the past financial performance of the enterprise, predict future performance, and assess the capability of generating future cash flows through report of the income and expenses. From my experience in teaching this topic, students often confuse with the format of Trading Account, Profit & Loss Account and Income Statement. I always tell my students that the
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Factors Affecting Location

Factors affecting location

What Are The Factors Affecting Location Of A Business? A business will have to consider several factors affecting the location. Usually, it will have to balance several factors in making a decision. Different business industry sectors will have different factors affecting location. If the business is expanding, it will open branches in cities where the organisation did not previously have a presence. A business might also want to restructure its operations. It might do this by bringing together some existing
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Quality Improvement

quality improvement

5 Benefits To Have Continuous Quality Improvement Production managers always find ways to eliminate waste in the production. Scrap material and lost labor hours add no value to the operation. Therefore, a strategic approach to quality improvement is essential. Here are the benefits to have a continuous quality improvement: Establish a brand image Builds brand loyalty Maintain a good reputation To increase sales Attract new customers These Business Studies revision slides are based on the Textbook: Business Studies (Fourth Edition) by Karen
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Costs and Break-even Analysis

Costs and break-even analysis

Business costs and break-even analysis All businesses involve costs. Managers need to know the costs in order to calculate the revenue and to decide what price should be charged for the product. Then, by using the break-even analysis, safety margin can be determined. This is the minimum output needs to be produced in order to break-even. There is a relationship between business costs and break-even analysis. There are two types of costs: Fixed costs and variable costs. In order
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Operations Management

Operations management

Operations Management In Business The operations management is important to ensure the business makes the best use of resources. Production is the provision of a product or service to satisfy consumer wants and needs. The operations manager is responsible for making sure the raw materials are provided and made into finished goods and services. These Business Studies revision slides are based on the Textbook: Business Studies (Fourth Edition) by Karen Borrington and Peter Stimpson. This chapter will explain: What
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