Cambridge International AS and A Level Business Ebook (3rd ed.)
The key distinctive feature of this book is the international perspective it gives to the study of businesses, strategies and decisions. This shortage of products and the resources needed to make interhational lead to us all having to make choices. Khan Academy Other suggested resources Resources have not been through the Cambridge quality assurance process but have been found to csmbridge useful support for the syllabus. Opportunity cost This need to choose leads to the next important principle of our subject opportunity cost.Business activity does not take place in isolation from what is going on around it. External economic influences on cambrdge behaviour A Level ; Unit 2. Government: In a mixed economy, it is essential to strike a balance between the authority of the government and the independence enjoyed by the private sector! However, these rivals may decide to cooperate with each other in situations where certain common interests have to be safeguarded.
It operates for the welfare of the community and pursues profit as only a secondary motive. You're using an out-of-date version of Internet Explorer. People in Organisations: Word count in latex pdf bookmarks.
Vertical integration proves to be profitable in the long run also because once the external links in the chain of production like the supplier of raw material are eliminated; the manufacturer is in a good position to keep the costs of production under control. This situation provides the smaller businesses with an opportunity to explore the market and serve the customers in these neglected areas. Their ultimate goal is to maximise profit by accelerating the growth of business and enjoying economies of scale. Standard of living can be raised since these companies add a touch of comfort and convenience to the lifestyle of the masses.
This is intefnational when the difference between the total revenue and the total costs is the greatest. Not only are there the problems and challenges referred to above, but there is also the risk of change. However it is an established fact that progressive taxes have a disincentive effect on investors since it discourages growth. Advantages to the franchisee: The advantages to the franchisee are derived from the fact that the franchise involves the purchase of a tried and tested business format.
AS and A level Business Studies Notes
Caribbean cook tastes success A Jamaican reggae musician turned businessman has hit the headlines. Internal economies of scale: Purchasing economies: A large firm requires raw material in bulk which encourages suppliers to offer discounts. Self-confidence and an ability to bounce back Many business start-ups fail, yet this would not discourage a true entrepreneur who would have such self-belief in themselves and their business idea that he or she would bounce back from any setbacks? For example, the amount generated in form of taxes will definitely increase as the business grows.
Social enterprise objectives Social enterprises often have three main aims. MBO revolves around the following four factors: a A business should define all its objectives in a quantitative manner. Survival: Survival is considered to be an important initial business objective, specially in case of newly established small businesses. The benefits claimed for MBO are that it leads to better managers.
They were always arguing because there were certain jobs that no one wanted to do, such as handling the chemicals used and cleaning the boiling tanks at the end of each day. The government implements a wide range of rules and regulations internatuonal order to guarantee that high quality standards must be maintained and sub-standard goods and services are not offered for sale to the masses. Common or Conflicting Interests. All the labour laws aim at ensuring the well being of the work force and increasing their productivity also! Unit-1 9 Business and Its Environment Advantages: The formation and dissolution of a sole proprietorship does not involve any major or complicated legal or technical formalities.
With an OverDrive account, you can save your favorite libraries for at-a-glance information about availability. Find out more about OverDrive accounts. Manage your own revision with step-by-step support from experienced examiners Sandie Harrison and David Milner Maintain an appropriate international focus in exams with examples and case studies from around the world Get the top marks by applying business studies terms accurately with the help of definitions and key words Use the Revision Guide to prepare for the big day: Plan and pace your revision with the revision planner Use the expert tips to clarify key points Test yourself with rapid-fire questions and answers and tick off each topic as you complete it Practise your exam skills with exam-style questions Also available: Cambridge International AS and A Level Business Studies textbook by Malcolm Surridge and Andrew Gillespie ISBN: This title has not been through the Cambridge endorsement process. New here? We use this information to create a better experience for all users.
Moreover, producers internationaal tend to compromise the well being of the masses, some multinationals may show disregard towards the social. These include: Primary sector fishing e. There is a definite improvement in quality and innovation but since the profit motive is the ultimate. Competitors may be able to use some of this information to their advantage.
Secondary Sector: It comprises of the manufacturing industries that convert raw material into semi finished or finished goods, keen ambition to succeed. A willingness to work hard, e. Additional unicode characters in bookmarks and pdf information entries:. Some bus services have been stopped as they were not that profitable.The professions of hair dressing and tailoring fall in this category. He has been planning this business venture for some time. Other stakeholder groups such as financial institutions, suppliers and managers also actively interact with business organisations in their respective capacities. Their ability to achieve all these objectives effectively is determined to a great extent by the performance of internatonal organisations.
Money has to be spent without any guarantee of return. Prices are also adjusted in accordance with the principle of demand and supply. Farhan Amdani. Reflections on the Private sector for Development Agenda.