Cambridge A Level Business Overview

A series of educational resources designed for the Cambridge International AS & A Level Business syllabus, including a Student's Book, Boost eBook, Skills Workbook, and Teacher's Resource Pack.

A digital version of the textbook that offers additional practice exercises and interactive features.

A book filled with exercises and activities to help students build essential skills for the business course.

A comprehensive resource for teachers, including lesson plans, assessments, and answer keys.

A long-term plan designed to achieve a business's goals.

The external factors that influence a business, such as economic conditions, competition, and technology.

The process of analyzing the business environment and opportunities to make informed choices about the best path forward.

The ability to implement effective strategies by understanding the business environment, opportunities, and making smart decisions.

The assumed knowledge from AS Business that is required for A Level Business exams.

Understanding relevant theories and concepts, organizing ideas, making decisions, solving problems, interpreting data, and applying knowledge to real-world scenarios.

Materials like data response and case studies used in Business exams to test knowledge.

The process of applying knowledge, skills, and critical thinking to solve real-world business problems.

Resources used by businesses to produce goods and services. They include land, labor, capital, and enterprise.

The process of transforming inputs into outputs. This is a crucial function of all businesses.

The tangible goods or intangible services produced by a business. Examples include cars, computers, haircuts, and insurance.

The resources businesses use to start and run their operations. Examples include land, buildings, equipment, and raw materials.

The value created by businesses through the transformation process. This is the difference between the value of inputs and the value of outputs.

The individual or group responsible for starting and running a business. They are the driving force behind the business's success.

The objective of many businesses. It is the profit earned by selling goods or services at a price higher than the cost of production.

The ongoing interaction between the business and its environment. It involves receiving feedback on outputs and adjusting inputs and processes accordingly.

Quantifiable goals, targets, or objectives a business intends to achieve within a specific time period.

The location of a business, which can be crucial especially for shops, cafes, and businesses reliant on natural resources.

Involves selecting the optimal combination of resources (land, labor, capital) for a specific production process.

The impact of input choices on business costs and the quality of the final product.

Increasing consumer awareness of the environmental and ethical impacts of production processes.

Businesses that prioritize the use of recycled materials, local suppliers, and sustainable ingredients.

The amount of space available to a business can impact its production capacity and customer capacity.

The overall environment of a workplace, including features like parking, canteen, and location, can influence employee motivation and satisfaction.

The primary sector encompasses industries involved in extracting or growing raw materials, such as farming, mining, and fishing.

A 'good' is a tangible item that can be physically produced and stocked, such as a car or laptop.

A 'service' is intangible, meaning it cannot be physically held or touched. Examples include education, music creation, hairdressing, and physiotherapy.

The output of a business is its product, which can be a good, a service, or a combination of both.

Businesses can produce goods in advance of demand, allowing them to meet potential surges in sales.

The quality of employees, in terms of their skills and attitudes, is crucial for the success of an organization.

A person who starts and manages a new business, taking on the risks and rewards.

Entrepreneurs often build their businesses gradually, taking calculated risks at each stage.

An entrepreneur who starts multiple businesses over their career.

Characteristics that are essential for an entrepreneur's success, such as hard work, dedication, and a strong vision.

The willingness to take risks, such as investing money or time, to make a business successful.

A detailed account of a company or project often including its history, successes, and challenges.

The process of thinking and acting imaginatively to develop new ideas and solutions.