GCSE Business (Edexcel): Paper 1 - Investigating Small Business
Everything you need for Edexcel GCSE Business Paper 1, drilled into your memory. This is your complete knowledge base for the 'Investigating Small Business' exam.
GCSE Business (Edexcel): Paper 1 - Investigating Small Business
Everything you need for Edexcel GCSE Business Paper 1, drilled into your memory. This is your complete knowledge base for the 'Investigating Small Business' exam.
Decks in this Course
5 items
GCSE Business: 1.1 Enterprise and entrepreneurship
Covers the dynamic nature of business, including how new ideas arise and adapt to change. Explores the concepts of risk and reward for entrepreneurs, focusing on financial risks like lack of security and business failure, and rewards like profit and independence. Defines the role of business enterprise in producing goods, providing services, and adding value.
GCSE Business: 1.2 Spotting a business opportunity
Focuses on how businesses identify and understand customer needs. Covers the purpose and methods of market research, including primary (surveys, focus groups) and secondary (internet research, market reports) research. Explains the use of qualitative and quantitative data. Defines market segmentation and its benefits. Analyses the competitive environment, including identifying competitors and understanding their strengths and weaknesses.
GCSE Business: 1.3 Putting a business idea into practice
This deck covers the essential financial knowledge for starting a business. You'll learn about setting aims and objectives, calculating revenue, costs, and profit, managing cash flow, and choosing the right sources of finance. Mastering these topics is crucial for your GCSE Business exam.
GCSE Business: 1.4 Making the business effective
Learn the essential decisions for running a small business. This deck covers business ownership, location factors, the 4 Ps of the marketing mix, business plans, and how to calculate break-even and margin of safety.
GCSE Business: 1.5 Understanding external influences on business
This deck covers the external factors that can impact a business. You will learn about stakeholders and their objectives, the effects of technology and legislation, and how economic changes like interest rates and inflation create opportunities and threats for small businesses.
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