IGCSE & A LEVELS GUIDE

Chapter 3 - Size of Business Learning Objective: Small & Family Businesses (Ch. 3.2) Mongolia is a great place for us to discuss small businesses: look around and see the amount of them in our daily lives! What constitutes a small business, though? It depends on where you live, but here is an example: Not only small businesses are heavily present in our daily lives but they are also of extreme importance to countries, customers, and the economy in general. Jobs: although smal

Chapter 3- Size of Business Learning Objective: Looking at Business Size - The Right Way? (Ch. 3.1) What do you call a small business? What would you consider to be a medium-sized business? How about a large business? One of the simplest ways to measure and compare business size is by the Number of Employees each business has - is that accurate though? Have a look at this quick video! AUDI employs very few people in their car-manufacturing plant. Does it mean this is a small

Chapter 2 - Business Structure Learning Objective: Forms of Business Organization (Ch. 2.2) Before diving in to the different forms of businesses organization we have out there we need to have it clear that there are many legal formalities required by governments to protect investors and lenders: Memorandum of Association: this is where the amount of share capital a company has will be describe and so investors will know the relative importance of a single share. This documen

Chapter 2 - Economic Sectors Learning Objective: Structuring an Economy The economy of a country is made of different sectors of its economy: The balance of these sectors in the economies of different countries varies substantially. It depends on the level of industrialization in each country: We now completely understand the different sectors of an economy: primary, secondary, and tertiary. Companies within these different sectors can either be private or public: Most econo

Learning Objective: Introduction to Enterprise Chapter 1: Enterprise Value creation is the sole main purpose of a business. By creating value businesses can then charge more for their products and services and consequentially be profitable. To create value businesses go through various stage of business activity: They identify customers' needs to be fulfilled so that they can meet that demand; Resources are purchased (a.k.a. factors of production) so that products and service