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Download IGCSE O'Level Business Studies notes, mind maps and access past year exam questions for every topic and videos and tutorial services.
05/06/2022
What does default mean?
Failure to repay debt finance
Unit 5 - Financial Information and Decisions
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05/06/2022
What is collective bargaining
Negotiation by trade union with employers to agree on wages and working conditions
Unit 2 - People in Business
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05/06/2022
What is net cash flow?
Total cash inflow net cash outflow per period
Unit 5 - Financial Information and Decisions
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20/05/2022
What is cash outflow
Cash paid out by a business
Unit 5 - Financial Information and Decisions
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20/05/2022
What are wages
Weekly or monthly payments in exchange for job completion
Unit 2 - People in Business
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20/05/2022
What is cash inflow
Cash received by a business
Unit 5 - Financial Information and Decisions
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18/05/2022
What is cash flow cycle
The cycle flow of cash into and out of the business over time
Unit 5 - Financial Information and Decisions
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18/05/2022
What is net earnings
Pay after deducting income taxes, pension contributions and/or trade union subscriptions
Unit 2 - People in Business
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18/05/2022
What is retained profit
Profit after tax paid out to the business owners or as dividends company shareholders
Unit 5 - Financial Information and Decisions
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12/05/2022
What is distributed profit?
Profit after tax paid out to the business owners or as dividends to company shareholders
Unit 5 - Financial Information and Decisions
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12/05/2022
What is profit after tax?
Profit remaining after corporation tax or tax on profits has been deducted
Unit 5 - Financial Information and Decisions
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12/05/2022
What is gross profit?
Revenue from sales less cost of sale
Unit 5 - Financial Information and Decisions
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07/04/2022
What is entreprise
Willingness and ability to start and operate a business while taking considered financial risk and other business risk
Unit 1 - Understanding Business Activity
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07/04/2022
Who is a entrepreneur
A person who is willing and able to take risks and make decisions to organize resources to produce goods and services by starting and operating a business to earn profits
Unit 1 - Understanding Business Activity
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07/04/2022
What is entrepreneurship
The process of identifying business opportunity, organizing the resources to produce goods and services to meet the needs and wants of consumers through business activities to earn profits or sustain a business
Unit 1 - Understanding Business Activity
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03/04/2022
What is break-even analysis
The minimum level of output a business need to achieve to start earning profits
Unit 4 - Operations Management
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03/04/2022
What is break-even analysis
Analysis using cost and revenue data to determine the minimum level of output to earn a profit
Unit 4 - Operations Management
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03/04/2022
What is specialization
Focuses on producing a single or limited range of products to optimize the use of factors of production and resources
Unit 1 - Understanding Business Activity
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03/04/2022
What is business objective
Business goals or aims of owners, managers and employees of a business
Unit 1 - Understanding Business Activity
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03/04/2022
What is business target
An aim represeted by a value or volume set by the business owners to be achieved within a period of time
Unit 1 - Understanding Business Activity
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03/04/2022
What is business plan
A document containing the business idea, resource required and how it will be organized to achieve the objectives of the business owner
Unit 1 - Understanding Business Activity
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31/03/2022
What is multi-skilling?
Employees with a variety of skills that makes them more flexible in their work and able to perform different task
Unit 2 - People in Business
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31/03/2022
What is off-the-job training?
Employee training outside the workplace
Unit 2 - People in Business
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31/03/2022
What is on-the-job training?
Employee training during work time in the workplace
Unit 2 - People in Business
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31/03/2022
What is induction training?
Training for new employees to get familiar with the organisation they are going to work in
Unit 2 - People in Business
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31/03/2022
What is price elastic demand?
A product that will experience a significant change in demand due to a small change in price
Unit 3 - Marketing
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31/03/2022
What is price elasticity of demand?
How a product demand respond to a price change
Unit 3 - Marketing
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27/03/2022
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