Syllabus Cambridge IGCSE Business Studies 0450

1 Syllabus . Cambridge IGCSE . Business Studies 0450. For examination in June and November 2020, 2021 and 2022. Also available for examination in March 2020, 2021 and 2022 for India only. Version 4. Why choose Cambridge ? Cambridge Assessment International Education prepares school students for life, helping them develop an informed curiosity and a lasting passion for learning. We are part of the University of Cambridge . Our international qualifications are recognised by the world's best universities and employers, giving students a wide range of options in their education and career. As a not-for-profit organisation, we devote our resources to delivering high-quality educational programmes that can unlock learners' potential. Our programmes and qualifications set the global standard for international education. They are created by subject experts, rooted in academic rigour and reflect the latest educational research. They provide a strong platform for learners to progress from one stage to the next, and are well supported by teaching and learning resources.

2 Our mission is to provide educational benefit through provision of international programmes and qualifications for school education and to be the world leader in this field. Together with schools, we develop Cambridge learners who are confident, responsible, reflective, innovative and engaged equipped for success in the modern world. Every year, nearly a million Cambridge students from 10 000 schools in 160 countries prepare for their future with an international education from Cambridge International. We think the Cambridge curriculum is superb preparation for university.'. Christoph Guttentag, Dean of Undergraduate Admissions, Duke University, USA. Quality management Our systems for managing the provision of international qualifications and education programmes for students aged 5 to 19 are certified as meeting the internationally recognised standard for quality management, ISO 9001:2008. Learn more at Cambridge Assessment International Education is part of the Cambridge Assessment Group.

3 Cambridge Assessment is the brand name of the University of Cambridge Local Examinations Syndicate (UCLES), which itself is a department of the University of Cambridge . UCLES retains the copyright on all its publications. Registered centres are permitted to copy material from this booklet for their own internal use. However, we cannot give permission to centres to photocopy any material that is acknowledged to a third party even for internal use within a centre. Contents 1 Why choose this Syllabus ? .. 2. 2 Syllabus overview .. 5. Aims 5. Content overview 6. Assessment overview 7. Assessment objectives 8. 3 Subject content ..10. 4 Details of the assessment ..22. Paper 1 Short Answer and Data Response 22. Paper 2 Case Study 22. Command words 23. 5 What else you need to know .. 24. Before you start 24. Making entries 25. After the exam 26. How students and teachers can use the grades 26. Grade descriptions 26. Changes to this Syllabus for 2020, 2021 and 2022 27.

4 Changes to this Syllabus For information about changes to this Syllabus for 2020, 2021 and 2022, go to page 27. The latest Syllabus is version 4, published March 2020. There are no significant changes which affect teaching. Any textbooks endorsed to support the Syllabus for examination from 2015 are still suitable for use with this Syllabus . Cambridge IGCSE Business Studies 0450 Syllabus for 2020, 2021 and 2022. 1 Why choose this Syllabus ? Key benefits Cambridge IGCSE syllabuses are created especially for international students. For over 25 years, we have worked with schools and teachers worldwide to develop syllabuses that are suitable for different countries, different types of schools and for learners with a wide range of abilities. 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.

5 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. Our approach encourages learners to be: Cambridge learner The strength of Cambridge IGCSE qualifications is internationally recognised and has provided an international pathway for our students to continue their Studies around the world.'. Gary Tan, Head of Schools and CEO, Raffles International Group of Schools, Indonesia 2 Back to contents page Cambridge IGCSE Business Studies 0450 Syllabus for 2020, 2021 and 2022. Why choose this Syllabus ? Recognition and progression The combination of knowledge and skills in Cambridge IGCSE Business Studies gives learners a solid foundation for further study.

6 Candidates who achieve grades A* to C are well prepared to follow a wide range of courses including Cambridge International AS & A Level Business . Cambridge IGCSEs are accepted and valued by leading universities and employers around the world as evidence of academic achievement. Many universities require a combination of Cambridge International AS & A Levels and Cambridge IGCSEs or equivalent to meet their entry requirements. UK NARIC, the national agency in the UK for the recognition and comparison of international qualifications and skills, has carried out an independent benchmarking study of Cambridge IGCSE and found it to be comparable to the standard of GCSE in the UK. This means students can be confident that their Cambridge IGCSE qualifications are accepted as equivalent to UK GCSEs by leading universities worldwide. Learn more at Cambridge IGCSE is one of the most sought-after and recognised qualifications in the world. It is very popular in Egypt because it provides the perfect preparation for success at advanced level programmes.

7 '. Mrs Omnia Kassabgy, Managing Director of British School in Egypt BSE. Back to contents page 3. Cambridge IGCSE Business Studies 0450 Syllabus for 2020, 2021 and 2022. Why choose this Syllabus ? Supporting teachers We provide a wide range of practical resources, detailed guidance, and innovative training and professional development so that you can give your learners the best possible preparation for Cambridge IGCSE . Teaching resources Exam preparation resources School Support Hub Question papers Mark schemes Syllabus Example candidate responses to understand Scheme of work what examiners are looking for at key grades Learner guide Examiner reports to improve future teaching Discussion forum Resource list Endorsed textbooks and digital resources Support for Cambridge Training IGCSE Community Face-to-face workshops around the world You can find useful information, as well as Online self-study training share your ideas and experiences with other teachers, on our social media channels and Online tutor-led training community forums.

8 Cambridge Professional Development Find out more at Qualifications 4 Back to contents page Cambridge IGCSE Business Studies 0450 Syllabus for 2020, 2021 and 2022. 2 Syllabus overview Aims 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.

9 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. Support for Cambridge IGCSE Business Studies Our School Support Hub provides Cambridge schools with a secure site for downloading specimen and past question papers, mark schemes, grade thresholds and other curriculum resources specific to this Syllabus . The School Support Hub community offers teachers the opportunity to connect with each other and to ask questions related to the Syllabus . Back to contents page 5. Cambridge IGCSE Business Studies 0450 Syllabus for 2020, 2021 and 2022. Syllabus overview Content overview 1 Understanding Business activity This section introduces the underlying ideas and concepts of Business and includes the purpose and nature of Business activity and how businesses can be classified.

10 Enterprise and entrepreneurs, and why some businesses grow while others remain small are further important issues. How Business size can be measured, types of Business organisation, Business objectives and stakeholder objectives are the concluding topics. 2 People in Business The focus is the functional area of human resources and includes the importance and methods of motivating a workforce. How businesses are organised and managed and the methods of recruitment, selection and training of employees are also considered. Finally, the section covers the importance and methods of effective internal and external communication. 3 Marketing This section includes the role of marketing, the distinctions between niche and mass markets and the techniques of market segmentation. The methods and importance of market research are covered. The central role of the marketing mix, the four Ps, is made clear. Marketing strategies to influence consumer decisions at home and in new foreign markets are the final topics in this section.