Business - CCEA

Explore and revise key points about Entrepreneurs including Purpose, Opportunities, and Skills.

Learn how businesses use the four key resources (factors of production) to create goods and services.

Public sector services, government-funded education and healthcare, contrasted with private sector businesses that aim for profit and are financed through private investments.

Discover how social enterprises reinvest profits to create jobs, support communities, and protect the environment. Learn how these businesses balance profit with positive impact.

Choosing business locations: factors like customer proximity, raw materials, government influence, and land prices are crucial in finding the perfect spot.

Who shapes a business's fate? Shareholders, communities, employees, and pressure groups all have stakes, but their goals often clash. How can businesses balance these interests?

Businesses thrive by setting clear goals, from survival to success. SMART objectives make goals achievable and measurable. As markets change, business aims must evolve too.

Launching a new business amidst competition? Outshine rivals by lowering prices, offering unique products, or focusing on top-notch quality. What's your next move?

Great customer service can enhance a brand's reputation, while poor service can damage it. Friendly staff and quick problem-solving are key. What do you expect as a customer?

International trade brings growth but involves language barriers, cultural differences, and complex supply chains. Businesses must adapt to thrive globally.

Explore e-business and m-business, where the internet and mobile devices expand customer reach. Discover the benefits and challenges of this digital transformation.

Discover the primary, secondary, and tertiary sectors that shaped the nation. From farming to factories to services, learn what caused these shifts.

Businesses choose custom-made or mass-produced products based on cost, demand, and technology. Discover how these factors shape the products we use daily.

Specialisation and division of labour boost efficiency by focusing on specific tasks, improving skills and productivity. This leads to expertise and higher quality outcomes.

Businesses balance inventory and costs with methods like just-in-time ordering and large inventories. Timing is key to avoid waste and ensure availability.

Businesses meet customer expectations with quality assurance, earning standards like ISO 9001 and investing in employee development. Quality ensures competitiveness and trust.

Health and safety in manufacturing is crucial. Proper training, equipment, and regulations ensure well-being and productivity. Neglecting safety can lead to accidents.

Businesses recruit to replace staff and support growth. Key documents include person specifications and job descriptions. Contracts outline terms for various roles.

Discover recruitment strategies. Learn the pros and cons of internal and external recruitment also learn how social media is transforming hiring.

Learn about employment law, fair recruitment, minimum wage, anti-discrimination protections and safe working conditions.

Discover how human resources selects the best candidates. Learn about application forms, CVs, interviews and more in this informative article on selection methods.

Why are staff appraisal so important? This article looks at the pros and cons for employers and employees. Learn about the methods of appraisals.

Staff training boosts productivity, adapts to changes and enhances competitiveness. There are different types of training, on-the-job is practical; off-the-job is theory based.

Learn what the signs are of a successful business and a business failing.

Learn about different types of internal/organic growth, including: reinvestment, expansion of product range and increased sales activity.

Learn about different types of external growth, including: takeovers, mergers and franchising.

Explore the different aspects of business growth. What can limit growth?

Ethical growth involves balancing profit with fairness, transparency and responsibility towards stakeholders and the environment.

What are the sources of finance? Learn about internal finance and external finance.

Learn to calculate break-even graphically and by formula also learn the significance of the break even-point.

Looking at an income statement to assess business performance using different ratios including: gross profit %, net profit percentage and working capital ratio.

A cash flow forecast helps businesses predict cash inflows and outflows over the coming months, helping to avoiding cash shortages.

Learn about the importance of a business plan, detailing its key sections and how it helps entrepreneurs minimise risks, make informed decisions and secure financing.