Cambridge · Form 4 · Syllabus 7115
Business Studies
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- Operations management Productivity (output per worker); improving efficiency (training, technology, motivation); inventory management (buffer inventory, reorder level, just-in-time); lean production (kaizen, JIT).
- Financial information and decisions Needs (start-up capital, working capital, capital expenditure and revenue expenditure); internal sources (retained profit, sale of assets, owner's savings) and external sources (loans, overdrafts, share issues, trade credit, leasing, hire purchase, microfinance, crowdfunding); choosing finance.
- External influences on business activity The business cycle (growth, boom, recession, slump); government objectives (growth, low unemployment, stable prices, balance of payments); government policies (taxes, interest rates, exchange rates, spending) and their effects on businesses.