Module One: Business Activity, Classification and Growth

IGCSE Business Studies - Module 1

This module will cover the purpose of business and why enterprise relies on entrepreneurs. The importance of what characteristics make an entrepreneur. The IGCSE Business Studies Module 1 develops the importance of ‘adding value’ as a business concept and looks at the different types of industrial sector where businesses may operate. The module also considers the issues of government assistance to new and growing business organisations. There is a focus is on the importance understanding the public and private sectors of industry and these operate in a mixed economy. The final aspect concerns business planning and how a business may structure a meaningful business plan.

Topic One (1.1): Why do Businesses Exist?

  • Understand and apply the purpose and nature of business activity; why do business organisations exist?
  • Understand the production process and the four factors of production”

BONUS TOPIC: Why Choose IGCSE Business Studies? This complete guide is for Students of Grade 7/8 and Sciences Students who are looking to switch their subjects in IGCSE/O-Levels. Or Students of A-Levels Sciences who want to switch to A-Level Business Studies.

Topic Two (1.2): The Basic Economic Problem

  • Understand needs and wants as well as scarcity
  • Understand the concept of opportunity cost and the basic economic problem

Topic Three (1.3): Adding Value

  • Understand the concept of adding value

GCSE Business Studies (0450) – Book Home/Online Tuition Today!
Call/ WhatsApp: +92 345 596 6616 | Find on Facebook

Topic Four (1.4): Business Sectors

  • Understand the three main business sectors

IGCSE Business Studies – Module 1 (contd)

Topic Five (1.5): The Public and Private Sectors

  • Understand what the public sector is
  • Understand what the private sector is
  • Understand the operations of a public enterprise

IGCSE Business Studies (0450) – Get Printed Past Papers in any city of Pakistan Visit Pakistan Teachers or Order via WhatsApp: 0345 596 6616

Topic Six (1.6): Specialisation

  • Understand the concepts of specialisation and division of labour

Topic Seven (1.7): Entrepreneurs and Business Planning

  • Understand the term ‘entrepreneur’
  • Be able to recognise the characteristics of an entrepreneur
  • Understand how useful a business plan is and the contents contained in such a plan

Topic Eight (1.8): Government Assistance For Business Start Ups

  • Understand the assistance available to start-ups via the government

IGCSE Business Studies – Module 1 consists of 8 Topics in general. Continue to our NEXT Topic: IGCSE Business Studies – Module 2

Similar Posts