Purpose of Business Activity (IGCSE)

Hi IGCSE students!

The following slides can be printed out and used for your revision of the sections covering the following:

• What is a business?
• Different types of businesses
• Objectives of a business
• Stakeholder groups
• The functions and aims of stakeholders

 

 

Question: SWOT analysis

Question:

Hi Luke

 

In the book IGCSE Business Studies page 253, Activity 16.4, I am asked to carry out a SWOT analysis on a product of my choice. I was just wondering – does this have to be an existing product, or can the product be fictional?

 

Regards

Daniël

 

Answer:

 

Hi Daniël

 

You may use either a real product or a fictional one. This should be fine so long as your layout is correct; the strengths, weaknesses, opportunities and threats are realistic for the type of product used; and you use business-related terminology.

 

A common mistake with the SWOT analysis: it can be easy to confuse the internal/external nature of the SWOT elements. Remember that strengths and weaknesses relate to the internal situation of the business, whilst opportunities and threats are external of the business and thus tend to be more out of the control of the firm. 

 

For more on this, check out this link: http://www.dineshbakshi.com/igcse-business-studies/marketing/revision-notes/801-swot-analysis

There are also some helpful slides here: http://www.tutor2u.net/blog/index.php/business-studies/comments/revision-presentation-swot-analysis

 

Regards

Luke

Assignment 2 guidelines (IGCSE)

There have been some impressive IGCSE assignment results so far for 2013! Some of you are hoping to maintain your results, and others want to improve further.

To help you tackle the second assignment, I have compiled some guidelines for each question. Please download the PDF document below and carefully read through it. After you have completed the assignment, check the guidelines again to ensure that you have met the requirements.

IGCSE Assignment 2 Guidelines