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Cambridge IGCSE
Business Studies
0450
For examination in June and November 2015
This syllabus is approved for use in England, Wales and Northern Ireland as a Cambridge International
Level 1/Level 2 Certificate (QN: 500/5702/9).
Cambridge Secondary 2
Contents
1. Introduction .................................................................................................................... 2
1.1
1.2
1.3
1.4
1.5
2. Teacher support.............................................................................................................. 5
2.1 Support materials
2.2 Resource lists
2.3 Training
Syllabus aims
Assessment objectives
Relationship between assessment objectives and components
Grade descriptions
Introduction
1.
Introduction
Excellence in education
Our mission is to deliver world-class international education through the provision of high-quality curricula,
assessment and services.
More than 9000 schools are part of our Cambridge learning community. We support teachers in over 160
countries who offer their learners an international education based on our curricula and leading to our
qualifications. Every year, thousands of learners use Cambridge qualifications to gain places at universities
around the world.
Our syllabuses are reviewed and updated regularly so that they reflect the latest thinking of international
experts and practitioners and take account of the different national contexts in which they are taught.
Cambridge programmes and qualifications are designed to support learners in becoming:
confident in working with information and ideas their own and those of others
Introduction
understand different forms of business organisations, the environments in which businesses operate
and business functions such as marketing, operations and finance
Introduction
Prior learning
Learners beginning this course are not expected to have studied Business Studies previously.
Progression
Cambridge IGCSEs are general qualifications that enable learners to progress directly to employment or to
proceed to further study.
Candidates who are awarded grades A* to C in Cambridge IGCSE Business Studies are well prepared to
follow courses leading to Cambridge International AS and A Level Business Studies, or the equivalent.
Teacher support
2.
Teacher support
2.3 Training
We offer a range of support activities for teachers to ensure they have the relevant knowledge and skills to
deliver our qualifications. See www.cie.org.uk/events for further information.
3.
Topics
Business activity
Classification of businesses
Motivating workers
Market research
Marketing mix
Marketing strategy
Location decisions
Income statements
Balance sheets
Analysis of accounts
2. People in business
3. Marketing
4. Operations management
Assessment at a glance
4.
Assessment at a glance
For Cambridge IGCSE Business Studies, candidates take two compulsory components, Paper 1
and Paper 2. Both question papers will draw on topics taken from the whole of the syllabus content.
All candidates are eligible for grades A* to G.
Components
Weighting
Paper 1
1 hour 30 minutes
50%
1 hour 30 minutes
50%
Availability
This syllabus is examined in the June examination series and the November examination series.
Detailed timetables are available from www.cie.org.uk/examsofficers
This syllabus is available to private candidates.
5.
make effective use of relevant terminology, concepts and methods, and recognise the strengths and
limitations of the ideas used in business
apply their knowledge and critical understanding to current issues and problems in a wide range of
business contexts
distinguish between facts and opinions, and evaluate qualitative and quantitative data in order to help
build arguments and make informed judgements
develop knowledge and understanding of the major groups and organisations within and outside
business, and consider ways in which they are able to influence objectives, decisions and activities
develop knowledge and understanding of how the main types of businesses are organised, financed and
operated, and how their relations with other organisations, consumers, employees, owners and society
are regulated
develop skills of numeracy, literacy, enquiry, selection and use of relevant sources of information,
presentation and interpretation
develop an awareness of the nature and significance of innovation and change within the context of
business activities.
Teachers should note that not all of the above aims are necessarily subject to formal assessment.
demonstrate knowledge and understanding of facts, terms, concepts, conventions, theories and
techniques commonly applied to or used as part of business behaviour.
AO2: Application
Candidates should be able to:
apply their knowledge and understanding of facts, terms, concepts, conventions, theories and
techniques.
AO3: Analysis
Candidates should be able to:
order, analyse and interpret information in narrative, numerical and graphical forms, using appropriate
techniques.
AO4: Evaluation
Candidates should be able to:
present reasoned explanations, develop arguments, understand implications and draw inferences
Paper 1
Paper 2
40%
20%
30%
AO2: Application
30%
30%
30%
AO3: Analysis
15%
25%
20%
AO4: Evaluation
15%
25%
20%
Grade descriptions
an excellent ability to identify detailed facts, conventions and techniques in relation to the content of the
syllabus
Application
a thorough ability to apply knowledge and understanding, using terms, concepts, theories and methods
effectively to address business problems and issues
a thorough ability to form conclusions from this information and to demonstrate these conclusions
clearly and logically.
Analysis
Evaluation
an excellent ability to make clear, reasoned judgements and communicate them in an accurate and
logical manner.
a sound ability to identify detailed facts, conventions and techniques in relation to the content of the
syllabus
Application
a sound ability to apply knowledge and understanding, using terms, concepts, theories and methods
appropriately to address problems and issues
Analysis
Evaluation
10
Grade descriptions
a limited ability to identify specific facts, conventions or techniques in relation to the content of the
syllabus
a limited familiarity with definitions of the central concepts and ideas of the syllabus.
Application
a limited ability to apply knowledge and understanding, using terms, concepts, theories and methods
appropriately to address problems and issues.
Analysis
a limited ability to classify and present data in a simple way and a limited ability to select relevant
information from a set of data
Evaluation
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Syllabus content
6.
Syllabus content
In all of the following, candidates are required to apply their understanding to a variety of simple business
situations. Candidates should be able to make simple decisions based upon the analysis and evaluation of
information provided.
1. Understanding business activity
1.1 Business
activity
1.2 Classification of
businesses
Importance of specialisation
12
Syllabus content
1.4 Types of
business
organisation
1.5 Business
objectives and
stakeholder
objectives
13
Syllabus content
2. People in business
2.1 Motivating
workers
2.2 Organisation
and
management
14
Syllabus content
2.3 Recruitment,
selection and
training of
workers
15
Syllabus content
3. Marketing
3.1 Marketing,
competition and
the customer
16
Syllabus content
3.3.1 Product:
3.3.2 Price:
3.3.4 Promotion:
17
Syllabus content
3.4 Marketing
strategy
4. Operations management
4.1 Production
of goods and
services
18
Syllabus content
4.3 Achieving
quality
production
4.4 Location
decisions
4.4.1 The main factors influencing the location and relocation decisions of a
business:
19
Syllabus content
5.3 Income
statements
20
Syllabus content
5.4.2 Interpret a simple balance sheet and make deductions from it,
e.g. how a business is financing its activities and what assets it
owns, sale of inventories to raise finance (constructing balance
sheets will not be examined)
5.5 Analysis of
accounts
Current ratio
5.5.2 Liquidity:
6.1.1 How government control over the economy affects business activity:
21
Syllabus content
6.2 Environmental
and ethical
issues
22
7.
UK usage
(used by Cambridge before 2015 examinations)
Balance sheet
Balance sheet
Bank loans
Bank overdrafts
Capital
Cash
Cost of sales
Current assets
Current assets
Current liabilities
Finance costs
Interest payable
Financial statements
Final accounts
Gross profit
Gross profit
Income statement
Inventory
Stock
Non-current assets
Fixed assets
Non-current liabilities
Profit
Net profit
Raw materials
Purchases
Revenue
Sales
Share capital
Share capital
Trade payables
Creditors
Trade receivables
Debtors
Work in progress
Work in progress
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Other information
8.
Other information
Language
This syllabus and the associated assessment materials are available in English only.
Entry codes
To maintain the security of our examinations we produce question papers for different areas of the world,
known as administrative zones. Where the component entry code has two digits, the first digit is the
component number given in the syllabus. The second digit is the location code, specific to an administrative
zone. Information about entry codes, examination timetables and administrative instructions can be found in
the Cambridge Guide to Making Entries.
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9.
Prior learning
Candidates in England who are beginning this course should normally have followed the Key Stage 3
programme of study within the National Curriculum for England.
Other candidates beginning this course should have achieved an equivalent level of general education.
Progression
Cambridge International Level 1/Level 2 Certificates are general qualifications that enable candidates to
progress directly to employment or to proceed to further study.
This syllabus provides a foundation for further study at Levels 2 and 3 of the National Qualifications
Framework, including GCSE, Cambridge International AS and A Level GCE, and Cambridge Pre-U
qualifications.
Candidates who are awarded grades A* to C are well prepared to follow courses leading to Level 3 AS
and A Level GCE Business Studies, AS and A Level GCE Applied Business, Cambridge Pre-U Business
and Management, International Baccalaureate in Business and Management programme, or Cambridge
International AS and A Level Business Studies.
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Overlapping qualifications
Every qualification is assigned to a national classification code indicating the subject area to which it belongs.
Candidates who enter for more than one qualification with the same classification code will only have one
grade (the highest) counted for the purpose of the school and college performance tables. Centres may
wish to advise candidates that, if they take two qualifications with the same classification code, colleges are
very likely to take the view that they have achieved only one of the two qualifications. Candidates who have
any doubts about their subject combinations should seek advice, either from their centre or the institution to
which they wish to progress.
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Key Skills
This syllabus provides opportunities for learners to develop the following Key Skills at Level 1 and/or Level 2:
Application of number
Communication
Information technology
Problem solving.
The extent to which this evidence fulfils the Key Skills criteria at these levels will be totally dependent on
the style of teaching and learning. Further information on Key Skills can be found on the Ofqual website
www.ofqual.gov.uk
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