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: Sole Trader Business

By |2022-09-15T12:29:50+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: Sole Trader

  • One popular form of business is a sole trader business
  • It is also known as a sole proprietorship
  • This is because there is only one owner (proprietor) who owns and usually runs the business

Characteristics/Features of a sole trader […]

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AS A Level Business: Public Sector Businesses

By |2022-09-15T12:29:43+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: Introduction To The Public Sector

  • As said in the introduction to business sectors
  • All business can generally be classified as either belonging to the public sector or private sector
  • A sector is simply a group of businesses that share […]
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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: Partnership Businesses

By |2022-09-15T12:29:50+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: Partnership

  • Partnerships are another popular form of business
  • Individuals with a shared business interest can start a partnership from scratch
  • However, it is also common for two or more sole traders to join forces and become a partnership
  • This allows […]
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AS A Level Business: Going Public

By |2022-09-15T12:29:43+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: Going Private 

  • A lot of companies start as private limited countries for various reasons
  • However eventually a lot of companies eventually “go public”
  • Going public-is when a private limited company is converted into a public limited company
  • When a […]
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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: Introduction To Limited Liability Companies

By |2022-09-15T12:29:50+02:00January 24th, 2023|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: Introduction to limited liability partnerships

  • Limited liability companies are often simply known as companies
  • Companies are sometimes confused with business
  • While all companies are businesses not all businesses are companies
  • There are many other business forms besides companies including, for example, […]
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AS A Level Business: Going Private

By |2022-09-15T12:29:43+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: Going Private 

  • We have already looked at what it means to go public
  • Going private is the opposite of that
  • Going private is when a company goes from being a public limited company whose shares are available for public trade […]
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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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