Cambridge A Level Business Overview
46 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary purpose of a business strategy?

  • To reduce competition
  • To simplify business operations
  • To increase short-term profits
  • To create a long-term plan to achieve objectives (correct)

    • The AS Business syllabus assumes no prior knowledge for A-Level papers.

    False (B)

    A business must analyze the _______ to enhance its strategy.

    business environment

    Match the following examination skills with their descriptions:

    <p>Organising ideas = Arranging information logically Constructing arguments = Developing a sound rationale Making decisions = Choosing the best course of action Interpreting data = Understanding and explaining numerical information</p> Signup and view all the answers

    What is one of the key skills required for preparing for Business examinations?

    <p>Conducting calculations (D)</p> Signup and view all the answers

    Case studies are not relevant to Business examination preparation.

    <p>False (B)</p> Signup and view all the answers

    Where can the syllabus document for Business be found?

    <p>On the Cambridge International website.</p> Signup and view all the answers

    What is the purpose of the Skills Workbook in the Cambridge International AS & A Level Business series?

    <p>To develop independent learning skills through practice and application (C)</p> Signup and view all the answers

    The Teacher’s Resource Pack includes answers to all questions in the Student’s Book.

    <p>True (A)</p> Signup and view all the answers

    Who are the authors of the Cambridge International AS & A Level Business Second Edition?

    <p>Malcolm Surridge and Andrew Gillespie</p> Signup and view all the answers

    The Cambridge International AS & A Level Business series provides a range of activities linked to the content of the __________.

    <p>Student’s Book</p> Signup and view all the answers

    Match the following book types with their corresponding ISBN numbers:

    <p>Student’s Book = 9781398308114 Boost eBook = 9781398308206 Skills Workbook = 9781398308152 Teacher’s Resource Pack = 9781398308138</p> Signup and view all the answers

    What is one of the key benefits provided by the Cambridge International AS & A Level Business resources?

    <p>It analyses international businesses through real case studies (D)</p> Signup and view all the answers

    The resources support the delivery of the old Cambridge International AS & A Level Business syllabus.

    <p>False (B)</p> Signup and view all the answers

    Students can improve their confidence with exam-style questions including __________.

    <p>sample answers</p> Signup and view all the answers

    What are business objectives?

    <p>Measurable targets set by the business within a given time period (B)</p> Signup and view all the answers

    The transformation process in a business involves converting outputs into inputs.

    <p>False (B)</p> Signup and view all the answers

    Name one factor that affects the choice of land for businesses.

    <p>Quality of the land</p> Signup and view all the answers

    The four factors of production are land, labor, capital, and ______.

    <p>enterprise</p> Signup and view all the answers

    Which factor is particularly important for oil drilling and mining businesses?

    <p>Location near natural resources (D)</p> Signup and view all the answers

    Changes to the quality of land can affect the quality of the final product in farming.

    <p>True (A)</p> Signup and view all the answers

    Why might businesses highlight the use of recycled materials?

    <p>To appeal to customer interest in resource origin and sustainability</p> Signup and view all the answers

    Match the following business sectors with their primary input concerns:

    <p>Primary sector = Natural resources and land quality Retail sector = Choosing business location Farming sector = Access to quality soil and weather conditions Manufacturing sector = Costs of materials and production efficiency</p> Signup and view all the answers

    Which of the following is NOT considered an input factor of production?

    <p>Marketing (B)</p> Signup and view all the answers

    Businesses only exist to make a profit.

    <p>False (B)</p> Signup and view all the answers

    What is the primary purpose of organized business activities?

    <p>To achieve a given target.</p> Signup and view all the answers

    The process of converting inputs into outputs in a business is known as __________.

    <p>transformation</p> Signup and view all the answers

    Which of the following best describes 'enterprise' in the context of business?

    <p>The entrepreneur's role in taking risks to create a business (A)</p> Signup and view all the answers

    Match the following factors of production with their descriptions:

    <p>Land = Natural resources used in production Labour = Human effort in production processes Capital = Financial assets used to produce goods and services Enterprise = Innovative efforts in business creation</p> Signup and view all the answers

    Name one type of organization that may be classified as a business but does not aim for profit.

    <p>Hospital or school</p> Signup and view all the answers

    What do businesses aim to create through their processes?

    <p>Value (A)</p> Signup and view all the answers

    What is one factor that can affect how much a business can produce?

    <p>The amount of space available to the business (C)</p> Signup and view all the answers

    Most crisp manufacturers grow their own potatoes.

    <p>False (B)</p> Signup and view all the answers

    What is the primary sector in production?

    <p>It includes extracting or growing resources.</p> Signup and view all the answers

    A product may be a good or a ______.

    <p>service</p> Signup and view all the answers

    Which of the following is NOT an example of a service?

    <p>Car manufacturing (D)</p> Signup and view all the answers

    Match the following terms with their definitions:

    <p>Good = Tangible item Service = Intangible product Primary sector = Extraction and resource gathering Output = The final product of a business</p> Signup and view all the answers

    The quality of employees does not influence a firm's productivity.

    <p>False (B)</p> Signup and view all the answers

    What can organizations do to prepare for demand in their products?

    <p>They can produce or purchase goods in advance.</p> Signup and view all the answers

    What is a characteristic of serial entrepreneurs?

    <p>They have ideas for multiple businesses. (B)</p> Signup and view all the answers

    All entrepreneurs possess the same qualities for success.

    <p>False (B)</p> Signup and view all the answers

    What essential qualities should an entrepreneur possess?

    <p>Hard work, energy, and single-mindedness.</p> Signup and view all the answers

    An entrepreneur is someone who takes the risk to create or start a new ________.

    <p>business</p> Signup and view all the answers

    Which entrepreneur is associated with Virgin?

    <p>Richard Branson (C)</p> Signup and view all the answers

    The business started by the Indonesian entrepreneur in 2017 used chicken feet scraps for shoes.

    <p>True (A)</p> Signup and view all the answers

    What is the term for the skill needed to make a new idea work?

    <p>Enterprise</p> Signup and view all the answers

    Study Notes

    Cambridge International AS & A Level Business Series

    Practice and Application

    • Develop independent learning skills through questions and activities linked to the Student's Book.
    • Provide extra practice for thorough understanding of topics.
    • Enable exploration of international businesses through data response questions and case studies.
    • Allow for tracking of work with write-in exercises, with answers available at hoddereducation.com/cambridgeextras.
    • Support for delivering the revised Cambridge International AS & A Level Business syllabus (9609).

    Syllabus Preparation

    • Understand relevant theories and concepts in the syllabus.
    • Develop essential skills: organizing ideas, constructing arguments, decision making, problem-solving, calculation, interpreting data.
    • Apply knowledge to business scenarios using data response materials and case studies.
    • Numerous practice questions within each chapter enhance skill development.

    Business Overview

    • Business is an organized effort aimed towards a defined target (often profit, but can be other objectives).
    • Businesses involve numerous other businesses in their transactions.
    • Activities within a business are organized.
    • Businesses exist to achieve a specific objective.
    • Example of Businesses: outlet stores, suppliers, delivery services, promotion firms.
    • Hospitals and schools are also types of businesses.

    Business Examinations

    • Two papers for AS, two papers for A Level Business.
    • AS Business content is foundational for A Level.

    Business Transformation Process

    • A circular process
    • Inputs ( land, labour, capital, enterprise) are transformed into outputs(goods and services or products)
    • Outputs generate value for the business
    • Feedback mechanism.

    Inputs (Factors of Production)

    • Land: Location importance (shops, cafes), quality of land (farming), access to resources (oil, mining).
      • Important especially in the primary sector.
      • Size of premises affects production and customer capacity
    • Labour: Employees' skills and attitudes are vital.
    • Capital: Money and resources.
    • Enterprise: Skill to make new ideas work, risk-taking attitude.
      • Serial Entrepreneurs are those who continuously start new businesses.
      • Key entrepreneurial qualities: commitment, hard work, energy, determination.

    Outputs

    • Goods: Tangible, physical products (e.g., cars, laptops). Businesses can stock these in anticipation of demand.
    • Services: Intangible offerings (e.g., education, music, healthcare).

    Choice of Inputs

    • Costs and quality affect the final product (and thus sales), customer interests in production process and origin of resources.
    • Businesses may highlight the use of recycled materials, local suppliers or natural ingredients.
    • Decision between producing inputs or buying them.

    Additional Information

    • Acknowledgements page provides images and sourced materials (authors, years, etc.)

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Related Documents

    Cambridge International AS & A Level Business 2021 PDF

    Description

    This quiz focuses on the Cambridge International AS & A Level Business syllabus, incorporating practice and application activities linked to the Student's Book. Explore various international business concepts through case studies and data response questions while developing essential skills such as problem-solving and decision-making.

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser