January 2023

A Level: Factors Of Production: Introduction

By |2022-09-15T12:30:01+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Factors Of Production: Introduction  

  • As already mentioned several times, businesses are a result of entrepreneurs using resources to satisfy needs and wants
  • Resources are also known as factors of production
  • There are four factors of production namely:
    • Land
    • Labour
    • Entrepreneurship
    • Capital

To […]

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AS A Level Business: Documents Used In The Formation And Running Of Companies

By |2022-09-15T12:29:47+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Types of businesses: Limited Companies: Articles

  • We have already looked at the nature of limited liability companies and what makes them unique
  • Unlike Sole Trader business, companies require a lot of paperwork in order to create them
  • Only when […]
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AS A Level: The Concept Of Adding Value

By |2022-09-15T12:30:00+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: The Concept Of Adding Value  

  • One of the functions of businesses is that they add value to products
  • Added value can be defined as an increase in the value of a resource, product, or service as the result of a particular process

    • […]

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AS A Level Business: Franchise Business

By |2022-09-15T12:29:46+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Types of businesses: Franchise Businesses

Characteristics/Features

  • A franchise is when […]
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AS A Level: Free Market Economy

By |2022-09-15T12:29:59+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Free Market Economy  

  • As has been said because resources are limited while needs and wants are unlimited
  • Society faces an economic problem of how to allocate its scarce resources
  • It has to answer three basic questions:
    • What to produce
    • How to […]
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AS A Level Business: Multi-National Companies

By |2022-09-15T12:29:46+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Types of businesses: Multinational Companies

  • At the most basic level, most businesses either take the form
    • Sole trader businessesPartnershipsLimited liability companies
  • However, beyond this businesses can also take other traits as they operate
  • One of these traits is that they can […]
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AS A Level Business: Benefits And Drawbacks Of A Free Market Economy

By |2022-09-15T12:29:58+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Free Market Economy: Advantages and disadvantages 

  • Having examined the features of a Free Market Economy
  • We will now examine the advantages and disadvantages of this economic system
  • While it might not be said explicitly these benefits contrast with those of a […]
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AS A Level Business: Features Of A Successful Business

By |2022-09-15T12:29:46+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Enterpreneurship: Features of successful businesses

  • As has already been mentioned in our introduction to business
  • Businesses are formed by entrepreneurs who take the risk of combining the factors of production usually in the hope that they will make […]
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AS A Level Business: Planned Economy

By |2022-09-15T12:29:58+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Planned/Command Economy: Features 

  • A planned economy is also known as a command economy
  • To recap society faces an economic problem of how to allocate its scarce resources
  • It has to answer three basic questions:
    • What to produce
    • How to produce and
    • For […]
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AS A Level Business: Industrialisation

By |2022-09-15T12:29:46+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Industrialisation

  • It is often taken for granted in developing economies like Zimbabwe that one of the macroeconomic goals the government has to pursue is industrialisation
  • Industrialisation is a term that is used to explain the increasing importance of the […]
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