Business Studies 7115/12 Oct Nov 2024

1. Business Structure and Finance – Identifying features of private sector businesses, reasons for remaining small, and sources of short-term and long-term finance.

2. Economic Impact on Business – Explaining how an economic recession can affect a business and ways to increase added value.

3. Production and Market Expansion – Understanding batch production, inventory management, and strategies for entering new markets through joint ventures and licensing.

4. Ethical Business Practices – Evaluating the benefits and drawbacks of operating an ethical business and its impact on profitability and reputation.

5. Financial Performance and Stakeholders – Interpreting financial statements, current assets and liabilities, and conflicts between profit-driven objectives and stakeholder interests.

6. Human Resource Management – Discussing recruitment, induction training, leadership styles, and potential diseconomies of scale in business expansion.