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UNIT 1 - UNDERSTANDING BUSINESS ACTIVITY

Updated: May 1, 2021

Syllabus Overview

This section introduces the underlying ideas and concepts of business and includes the purpose and nature of business activity and how businesses can be classified. Enterprise and entrepreneurs, and why some businesses grow while others remain small are further important issues. How business size can be measured, types of business organization, business objectives and stakeholder objectives are the concluding topics

Understanding Business Activity


Classification of businesses


Enterprise, business growth and size


Types of business organization


Business objectives and stakeholder objectives


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REFERENCE

Syllabus Cambridge IGCSE™ Business Studies 0450 by CAIE


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