Business Studies exam revision worksheets

Exams are round the corner and everybody is busy preparing for it.

dineshbakshi.com has come up with a series of worksheets specially for IGCSE, GCSE Business studies curriculu. There are at present 6 worksheet in the pack and we have named it 'Fast Track' revision worksheets. As the name suggests the questions cover basic business studies topics from accross the curriculum . More worksheets will be uploaded soon. Just print them and attempt them.

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Mindmap on Quality management and Organisational structure

dineshbakshi.com has been updated with new mindmaps on Quality control and Organisational chart.

Quality control tell in a very compact way the differnt aspects which the students will be tested in examination. These include the various approaches, benefits of quality control.

Mind map on organisation chart shows the importance of organisational chart and what information does it give.

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Quality control mind map

Organisational Chart mind map

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What is globalisation

Globalisation means the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology. 

According to dictionaries:

 Globalisation (n) is the "process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications" (Collins) or - from the US - to "make worldwide in scope or application" (Webster). The financial markets, however, are where the story begins.

Revision notes on Globalisation. Click here

Attempt a Worksheet on Globalisation. Click here

Read these articles on Globalisation

Globalisation Atricle on Gaurdian website

Debate on Globalisation

issues related to Globalisation

Stock Management - Mind Map

Every business has to maintain Stock. Stock are of three types:

• Raw materials
• Semi finished goods
• Finished goods

Stock management is of vital importance for a business because a there it costs the business to maintain stocks. These costs may be the opportunity cost, stock holding overheads, risk of obsolescence or wastage. Thus, every business strives to achieve an optimum stock level. Poor stock management may lead to blocking of working capital, disappointment for customers, high ordering cost per order, outdated stock and no discounts from suppliers. Different methods of stock management are available. Stock control charts are still the favorite but many large businesses are moving to Just In Time (JIT) stock management system. For detailed notes on Stock management. Click here Download Mind Map on Stock Management. Click here

Revison notes on Incomplete Records

Updated revision notes on Incomplete records are now available on dineshbakshi.com. These revision notes cover all the important components of IGCSE, GCSE accounting syllabus.
prepare opening and closing statements of affairs;

• calculate net profit or loss from changes in capital over time;
• calculate sales, purchases, gross profit, debtors (trade receivables) and creditors (trade payables) and other figures from incomplete information;
• prepare income statements (trading and profit and loss accounts) and balance sheets;
• make adjustments to financial statements (final accounts)
• apply the techniques of mark-up, margin and stock (inventory) turnover to arrive at missing figures.

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Trade Protectionism

Protectionism is the economic policy of restraining trade between nations, through methods such as tariffs on imported goods, restrictive quotas, and a variety of other restrictive government regulations designed to discourage imports, and prevent foreign take-over of local markets and companies. This policy is closely aligned with anti-globalization, and contrasts with free trade, where government barriers to trade are kept to a minimum.

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Click here to attempt a Case study on trade protectionism

Case Study- Tougher laws to protect small businesses

Recently in UK government has tightened the planning regulations to control the spread of out-of-town Superstores which might pose a threat to small shops in the town centre.

Small business is vulnerable to the competition.

As we all know that small firms are important for the economy.

• Every business starts small.
• Small businesses are flexible and respond easily to changes in demand.
• Small firms often cater to local demands.
• In difficult economic times, such as a recession, small business can be an important source of providing employment.
• Small firms provide competition to larger firms through providing customised goods and services.
• Small firms provide niche products and services which a larger firm might oversee.

Click here to goto revision notes on small businesses.

Click here to attempt a Case study on how governments help small businesses.