You must provide a balanced argument (pros and cons) and a final conclusion. Master the Formulas Create a "Cheat Sheet" page in your PDF for: Total Costs Gross/Net Profit Break-even Point Margin of Safety Conclusion
: You should understand the pros and cons of "Tall" vs. "Flat" structures, including the span of control and the chain of command . edexcel igcse business studies revision notes pdf
| | Key subtopics | |-----------|-------------------| | 1. Business activity & influences | Sole traders, partnerships, Ltd/Plc, stakeholders, business objectives | | 2. People in business | Motivation (Taylor, Maslow, Herzberg), training, recruitment, organisational structure | | 3. Operations management | Economies of scale, lean production, location decisions, quality control | | 4. Finance | Cash flow forecasts, break-even analysis, income statements, ratios (GPM, NPM, ROCE) | | 5. Marketing | Market research, 4Ps (Product, Price, Place, Promotion), product lifecycle | | 6. Business environment | Technology, competition, legislation, ethical & environmental issues | You must provide a balanced argument (pros and