IGCSE Business Studies-0450 Handbook 2021-23
Table of contents
Cambridge IGCSE Business Studies is accepted by universities and employers as proof of an understanding of business concepts and techniques across a range of different types of businesses. Learners will be able to:
understand different forms of business organisations, the environments in which businesses operate and
business functions such as marketing, operations and finance appreciate the role of people in business success.
They will also gain lifelong skills, including:
the ability to calculate and interpret business data
communication skills needed to support arguments with reasons
the ability to analyse business situations and reach decisions or judgements.
Our programmes balance a thorough knowledge and understanding of a subject and help to develop the skills learners need for their next steps in education or employment.
The aims describe the purposes of a course based on this syllabus.
The aims are to enable students to:
apply their knowledge and critical understanding to current issues and problems in a wide range of business contexts
make effective use of relevant terminology, concepts and methods, and recognise the strengths and limitations of the ideas used in business
distinguish between facts and opinions, and evaluate qualitative and quantitative data in order to help build arguments and make informed judgements
appreciate the perspectives of a range of stakeholders in relation to the business environment, individuals, society, government and enterprise
develop knowledge and understanding of the major groups and organisations within and outside business, and consider ways in which they are able to influence objectives, decisions and activities
develop knowledge and understanding of how the main types of businesses are organised, financed and operated, and how their relations with other organisations, consumers, employees, owners and society are regulated
develop skills of numeracy, literacy, enquiry, selection and use of relevant sources of information, presentation and interpretation
develop an awareness of the nature and significance of innovation and change within the context of business activities
acquire a foundation for further study of business or other subjects.
Understanding business activity
All candidates take two papers.
The assessment objectives (AOs) are:
AO1 Knowledge and understanding
demonstrate knowledge and understanding of facts, terms, concepts, conventions, theories and techniques commonly applied to or used as part of business behaviour.
apply knowledge and understanding of facts, terms, concepts, conventions, theories and techniques.
distinguish between evidence and opinion in a business context order, analyse and interpret information in narrative, numerical and graphical forms, using appropriate techniques.
present reasoned explanations, develop arguments, understand implications and draw inferences
make judgements, recommendations and decisions.
Weighting for assessment objectives
The approximate weightings allocated to each of the assessment objectives (AOs) are summarized below.
Assessment objectives as a percentage of the qualification