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Business Studies IGCSEPDF 38
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1. Description of the business
2. Products and services
3. The market
4. Business location and how products reach customers
5. Organisation structure and management
6. Financial information
7. Business strategy
Governments encourage business start-ups to reduce unemployment, increase
competition/output, benefit society, and promote economic growth.
Government support for entrepreneurs:
1. Training and advice sessions
2. Finance via low-interest loans or grants
3. Grants for employee training
4. Access to research facilities in universities
Business size matters for investors, governments, competitors, workers, and banks.
Measurement
Number of people
employed
Value of output
Value of sales
Value of capital
employed
Limitations
Capital-intensive firms employ fewer people but produce
high output
Doesn’t account for value of goods sold
Different businesses sell different products
Labour-intensive firms use less capital
Reasons for business expansion: