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1. Business activity

7 dot points across 7 inquiry questions. Click any dot point for a focused answer with worked past exam questions where available.

What do businesses actually try to achieve, and how do their goals change as they grow?

Business aims and objectives: financial and non-financial aims (survival, profit, growth, market share, social and ethical aims), why objectives differ between businesses, and how objectives change over time.
A focused answer to the Eduqas GCSE Business C510 content on aims and objectives, covering financial aims (survival, profit, growth, market share) and non-financial aims (independence, social and ethical goals), why they differ, and how they change over time.
11 min answer →

How do businesses get bigger, and why does growth sometimes go wrong?

Business growth: internal (organic) and external growth, methods of external growth (merger and takeover), the reasons for and benefits of growth including economies of scale, and the drawbacks and risks of growth.
A focused answer to the Eduqas GCSE Business C510 content on business growth, covering organic and external growth, mergers and takeovers, economies of scale, and the benefits, drawbacks and risks of getting bigger.
12 min answer →

Which legal form should a business take, and what difference does it make?

Types of business ownership: the features, advantages and disadvantages of sole traders, partnerships, private limited companies (Ltd) and public limited companies (plc), limited and unlimited liability, and the public and not-for-profit sectors.
A focused answer to the Eduqas GCSE Business C510 content on business ownership, covering sole traders, partnerships, private and public limited companies, limited versus unlimited liability, and the public and not-for-profit sectors.
12 min answer →

Where should a business locate, and how does a plan help it get going?

Business location and planning: the factors that influence where a business locates, and the purpose, contents and benefits of a business plan including a sales forecast and cash flow forecast.
A focused answer to the Eduqas GCSE Business C510 content on business location and planning, covering the factors affecting where a business locates and the purpose, contents and benefits of a business plan with its sales and cash flow forecasts.
11 min answer →

What does an entrepreneur do, and why do most start-ups need a business plan?

Enterprise and entrepreneurship: the role and characteristics of an entrepreneur, the rewards and risks of starting a business, the reasons businesses start up, and the purpose and contents of a business plan.
A focused answer to the Eduqas GCSE Business C510 content on enterprise and entrepreneurship, covering the role and characteristics of an entrepreneur, the risks and rewards of starting a business, reasons for starting up, and the purpose and contents of a business plan.
11 min answer →

Who has an interest in a business, and what happens when their interests clash?

Stakeholders: the main internal and external stakeholders of a business, their differing objectives, how business activity affects them, and how their objectives can conflict.
A focused answer to the Eduqas GCSE Business C510 content on stakeholders, covering internal and external stakeholders, their differing objectives, how decisions affect them, and how stakeholder objectives can conflict.
11 min answer →

Why does business activity exist, and what does a business turn its inputs into?

The purpose of business activity: the dynamic nature of business, the transformation of inputs into outputs to meet customer needs and wants, the factors of production, and added value.
A focused answer to the Eduqas GCSE Business C510 content on the purpose and dynamic nature of business activity, covering the transformation of inputs into outputs, the four factors of production, needs versus wants, and how a business adds value.
11 min answer →