Costs that change directly with output (e.g., raw materials, packaging). Total Costs (TC):
Overdrafts, trade credit, and debt factoring.
Give a brief, direct answer. No explanation or context needed. edexcel igcse business studies revision notes pdf
Financial literacy is heavily tested in the Edexcel IGCSE paper. You must understand where capital comes from and how it is measured. Sources of Finance
Checking for defects at the end of the production process. (Scraps faulty items, which wastes resources). Costs that change directly with output (e
: Evaluating the precise duties of a vacant or newly created role.
Providing services to community or environmental benefits. 1.3 External Influences No explanation or context needed
Net Profit Margin (%)=(Net ProfitSales Revenue)×100Net Profit Margin (%) equals open paren the fraction with numerator Net Profit and denominator Sales Revenue end-fraction close paren cross 100
| | Key subtopics | |-----------|-------------------| | 1. Business activity & influences | Sole traders, partnerships, Ltd/Plc, stakeholders, business objectives | | 2. People in business | Motivation (Taylor, Maslow, Herzberg), training, recruitment, organisational structure | | 3. Operations management | Economies of scale, lean production, location decisions, quality control | | 4. Finance | Cash flow forecasts, break-even analysis, income statements, ratios (GPM, NPM, ROCE) | | 5. Marketing | Market research, 4Ps (Product, Price, Place, Promotion), product lifecycle | | 6. Business environment | Technology, competition, legislation, ethical & environmental issues |
(Net ProfitRevenue)×100open paren the fraction with numerator Net Profit and denominator Revenue end-fraction close paren cross 100
