Lets dive into the 51 Important Definitions in Business for IGCSE & A-Level students of Cambridge, Edexcel, AQA and Oxford educational boards. While looking into the business studies course book, the students might have observed, there are hundreds of definitions given and each of the book is giving different definitions to the same topic. This not only confuses the students but also wastes their time while preparing for the CAIE, Edexcel or AQA examinations.

The trouble don’t stop there, additionally when we dive into the mark schemes, many of the times the definitions given in the books are not even mentioned in the mark schemes like the way its told in the course books. Feeling the heat & trying to support the students, we have developed a comprehensive list of the definitions which are not only important for the students of business studies but will also help them and revising the key concepts before their final attempt.

Download the PDF Files of 51 Important Definitions in Business – IGCSE, A-Levels

Do you know most of the students face a lot of trouble while memorizing the definitions? If you are one of those it’s purely normal scenario. Solution: We have developed an easy formula for memorizing all of the definitions, In short span of time!

Why Business Studies Revision Notes by Sir Afzal Shad?

  • 19+ Years of Teaching Experience to IGCSE/O-Level Students
  • To the Point and Cambridge Endorsed Definitions & Explanations
  • Sample Answers from the Past Papers
  • Activities / Case Studies included for Practice

List of 51 Important Definitions in Business – IGCSE, A-Level

  • Business objectives
  • Added value
  • Transformation process (A Level)
  • Triple bottom line
  • Tertiary sector
  • Unlimited liability
  • Franchise
  • Dividend
  • External growth
  • Corporate social responsibility
  • Delegation
  • Absenteeism
  • French benefits
  • Labour turnover
  • Labour productivity
  • Job enrichment
  • Job redesign (A Level)
  • Human resource management
  • Redundancy
  • Niche market
  • Person specification
  • Recruitment and selection
  • Workforce plan
  • Segmentation
  • Niche market
  • Qualitative research
  • Quota sample (A Level)
  • 4 C’s of marketing (A Level)
  • Below the line promotion
  • Capacity utilization (A Level)
  • Distribution outlet
  • USP
  • Product life cycle
  • Price skimming
  • Effectiveness
  • Mass customization (A Level)
  • Just in time
  • CAD & CAM
  • Contribution
  • Break even
  • Margin of safety
51 Important Definitions in Business

51 Important Definitions in Business – Download PDF Free

IGCSE, AS Business – Easy Definitions Unit 1 Free Download PDF

IGCSE, AS Business – Easy Definitions Unit 2 Free Download PDF

IGCSE, AS Business – Easy Definitions Unit 3 Free Download PDF

IGCSE, AS Business – Easy Definitions Unit 4 Free Download PDF

IGCSE, AS Business – Easy Definitions Unit 5 Free Download PDF

How to memorise 51 Important Definitions in Business

If you want to memorize the definitions let me give you the easiest approach to this; have a look at theses steps and follow them one by one and you will enjoy lowering your workload of memorising the definitions.

  • Step 1: Read the definition carefully & try to understand the key points in it.
  • Step 2: Underline these keywords & see if you only use these two keywords anyone can understand your definition
  • Optional Step: Use these keywords with your class mates and ask them which definition is it
  • Step 3: Memorise these keywords and just connect them in your papers with any combination of words making sense.
  • Bonus Point: If there is a formula for that definition (labour turnover) than this formula carry one mark too.

Do you want to learn more about business studies for IGCSE, A Levels for Cambridge, Edexcel, AQA Oxford boards, or want to give your input, feel free to follow our social channels given below: In addition, if there is any issue while attempting any of the questions or while understanding the topics of Business, you are welcome to contact on our socials.

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