I have compared almost all igcse business vids. Others are good but yours is the best of all.👍👍 Why? I'm now preparing myself to be a business teacher n have learned the most of your vids. Thanks a million bucks.😊😊😆😆😄😄🙏🙏🙌🙌
as per your advice,i've already studied PAPA Cambridge 2018. And later on the previous years.thanks a lot . From Jovial Address: Jl.Murni III No.2 Ciateul Sawah Kurung Bandung - West Java Indonesia
I remember studying for my IGCSE business exam last year and I went through all your videos in one weekend. I'm glad to say that I achieved an A with your help😁
Revising for my Business IGCSEs coming up in a week. I couldn't physically get myself to study anything from books, notes, etc. I'm so glad I came here because this is my last hope for revision. If I can't focus here, then I really have nothing left. Thank you for these videos!
Sense Business Studies do u have advise on how to answer and fully evaluate our answers to get full marks on questions Can u go through a business IGCSE cie paper and answer the question in ways to garuntee getting top marks?
@@LA-vm8te I would love to help you out but I will not be able to do any video until at least a couples weeks :( however try some past exam papers and compare your answers. please let me know how you get on
at first I was so hopeless that I will fail my igcse but then I saw your video as if an angle told me to watch it and that was the best choice of my life I now understand business studies because of you and all I wanna say is continue you amazing work
Thank you sir for providing me with the best BST resources. This is really helpful and it will be reflecting in my paper as far as I understood. The BST I was searching for and the first video was yours and it was a GOAT video
There're prime strategies by (Michael ) Porter known as '' Porter Generic Strategies''. i)Cost Leadership ii) Differentiation iii) Focus These aren;t business strategy to achieve an objective such as production target, but these are organisational strategy which define the whole direction of the Company. i) Cost Leadership 1- Means to cut down the costs, WITHOUT ANY COMPROMISE IN QUALITY OR SELL THE PRODUCT@ LOWEST POSSIBLE PRICE. 2- Cost Leadership = Means to produce the goods@ lowest possible cost (that should be your target) 3- You need to achieve ''Economies of Scale'' (produce large no. of units/mass-production) 4- Which country is Cost-Leader? China 5- ii) Differentiation: In this strategy, your focus will be on QUALITY, PORTERS FIVE FORCES 1-Threat of New Entrants 2- Threat of Substitute Products 3- Competitive Rivalry 4- Bargaining Power of Customers 5- Bargaining Power of Suppliers 1-Bargaining Power of Customers This is a threat, if bargaining power of customers INCREASE. When this power will increase!? 1* If no. of available options are there. If many players in an industry then bargaining power of customers will be high. Example. Car manufacturing industry: As new car manufacturers will jump in, the bargaining power of customers will be more and more high. 2* If you're offering a 'COMMON' product, ''OFFERING A COMMON PRODUCT''. 3* If you're operating in a industry, where customers are cost-focused, they're not focussing on quality = Here Again the bargaining power of customers will be high. 4* If there's rivalry among the competitors in a industry = then again the bargaining power of customers will be high. PORTERS FIVE FORCES 1-Threat of New Entrants 2- Threat of Substitute Products 3- Competitive Rivalry 4- Bargaining Power of Customers 5- Bargaining Power of Suppliers 1-Bargaining Power of Customers This is a threat, if bargaining power of customers INCREASE. When this power will increase!? 1* If no. of available options are there. If many players in an industry then bargaining power of customers will be high. Example. Car manufacturing industry: As new car manufacturers will jump in, the bargaining power of customers will be more and more high. 2* If you're offering a 'COMMON' product, ''OFFERING A COMMON PRODUCT''. 3* If you're operating in a industry, where customers are cost-focused, they're not focussing on quality = Here Again the bargaining power of customers will be high. 4* If there's rivalry among the competitors in a industry = then again the bargaining power of customers will be high. RULE: ALL The Players aren't Competitors but All the Competitors aren't Rivals. Now it's an era where Co's are acquiring customers, like they say; ( Thanks for shopping, Please subscribe this to get our latest offers) they make a relationship - means communicating with customer. # When competitors start to damage/delibrately try to cut down or harm the reputation of each other, thats' called Rivalry. (Rivalry happens between competitors in industry). #So Rivalry = Situation where your strategy is not to target the market/ to capture the customers but to damage the reputation of others!! SO WHAT should be done to REDUCE THIS BARGAINING POWER OF CUSTOMERS!?
Business is not boring books are. Thanks for the video I am taking notes after watching Ur vid.i guess I am gonna thank u after my graduation in 3 years I subbed. If I think u can please make economics If u can't can u tell me a good economic channel If u can't do that I understand it's fine.i already appreciate that u did this mu h
Sense Business Studies hey man thanks for everything. I did manage to get some past papers done. By the way the February March past papers are available online. Just google February 2019 0450 dynamic papers
Hi! These videos are really amazing! Thank you so much. However i have a question, can i completely rely on these videos? Im self studying the subjects and the book is really confusing but you make it really simple so can i just use your vids and be able to get an A??
Brah, i'm also using this but more of a foundation. You may want to prepare short notes of certain topics and revise based on those that will be covered in the exam.
Yes, I have made these videos based on the books and exam. however I advise you do lots of past exam papers, if you still have some time left for your exam.
Thanks for this useful information it really helped me a lot but when the test I did not find the answer so from where can I find the answers there is a link or some thing like this.¿¿
You can visit my website for that, i have covered these topics as well. Starting from 2 marks question, www.afzalshad.com/how-to-attempt-2-marks-question-in-igcse-business-studies/
Hi, I tried accessing the test from your website, I tried clicking 'view' under IGCSE Business Studies but it won't open. Can you send a link to a pdf of the test instead because it won't open from the website?
I have compared almost all igcse business vids. Others are good but yours is the best of all.👍👍
Why? I'm now preparing myself to be a business teacher n have learned the most of your vids. Thanks a million bucks.😊😊😆😆😄😄🙏🙏🙌🙌
Hey what a lovely student you are
Topic focused on marketing.Detailed digital marketing in particular with illustration just like you already did in this vid. Many thanks.😊😃👍👍
as per your advice,i've already studied PAPA Cambridge 2018. And later on the previous years.thanks a lot .
From Jovial
Address:
Jl.Murni III No.2
Ciateul
Sawah Kurung
Bandung - West Java
Indonesia
Any tips for paper 2 and how to answer the questions please help
@@sensebusiness Can u pls do accounts n ecinomics too!
I love your teaching! D:
the best luck for everyone who is going to take the business exam tomorrow!!!
im writing tmrw and im trying to learn the whole syllabus now lol
@@alikattah4414 omg yes same XD
good luck
@@sensebusiness thanksss
omg ARMYYY?!?
I remember studying for my IGCSE business exam last year and I went through all your videos in one weekend. I'm glad to say that I achieved an A with your help😁
Thank you for coming back to let me know. All the best for your future.
Hi (:
Can you please share some tips on how to answer case study questions to get full marks?
UNLIMITED WANTS + LIMITED RESOURCES= SCARCITY
cringe
@@adnanaistratescu3726 lmao why you hating?
Unlimited Wants + Limited Resources = Scarcity😜
unlimited wants + limited resources = scarcity
Economic problem?
You just taught me a whole topic in 17 minutes better than my teacher did in 3 months
I agree
Frrr
I have just started business and i couldn't understand anything but now after seeing this video, all my concepts were cleared. Thank u😊
Have an exam tomorrow, thanks alot my dude this helps🙌♥
good luck. I wish you all the best
Well that's amazing you have exams tomorrow and studying first chap. Lol
I have a exam tomorrow, thanks a lot dude this helps
@@sensebusiness
Thank you
Revising for my Business IGCSEs coming up in a week. I couldn't physically get myself to study anything from books, notes, etc. I'm so glad I came here because this is my last hope for revision. If I can't focus here, then I really have nothing left. Thank you for these videos!
CIE?
glad you found these videos. I hope you learn something.
It's not that boring, I have been doing business for 7 years and I still enjoy it
Sense Business Studies do u have advise on how to answer and fully evaluate our answers to get full marks on questions
Can u go through a business IGCSE cie paper and answer the question in ways to garuntee getting top marks?
@@LA-vm8te I would love to help you out but I will not be able to do any video until at least a couples weeks :( however try some past exam papers and compare your answers. please let me know how you get on
when i listen ur explaintion feel like wanna be business teacher coz u make evrything easy .
Business study your channel is loaded. I learnt a lot about what I learnt during my college years. Very well explained.
This video is incredible it is really making me understand better about Business studies because I chose it for GCSE. THANK YOU 🙏
Thank you so much Sense Business Studies , this really helped me get an understanding of these subjects.
Glad to hear. your welcome
thank you so much, this really helped me for my exam, i hope theres these videos until chapter 9!
2021- Thank you for these videos... i will have a business exam in 2weeks and im watching your videos to help me... GOD BLESS YOU
Findeth in youtube, and youtube giveth. Thank you, I was more or less finding a series like this, did not expect it to exist.
you make IGCSE business seem so easy to learn. I cant wait to get A* with your help
You will get that A*
how much did you get?
@@gustavcannon2014 🤣
@@gustavcannon2014 same I wonder how much he/she got😹
yoh u still alive im curious too
If you are having an exam tomorrow watch it on 1.5 x😂
Thanks 😅😂
Im preparing for my business quiz and final exam this has helped so much thank you
good luck
i am a grade 7 student and I have business unit exams 2 days from today and this video is helping me a lot, thanks :D
I got my IGCSE business, math and Physical Education tomorrow, this is gonna help me alot.
Thank you so much for this video!!! It's very easy to follow. Now I don't have to do self-study anymore!
at first I was so hopeless that I will fail my igcse but then I saw your video as if an angle told me to watch it and that was the best choice of my life I now understand business studies because of you and all I wanna say is continue you amazing work
Bro i got igcse in 2months and im failing 💀💀
@@mursil19 mine is next week lol and urs is prolly too cuz u posted this 2 months ago
Thanks so much ! really helpful since this is the first time for me to learn about business studies !
I watched all of your videos your a life saver I understand better now
Thank you sir for providing me with the best BST resources. This is really helpful and it will be reflecting in my paper as far as I understood. The BST I was searching for and the first video was yours and it was a GOAT video
i love you thank you thank you omg you are a literal angel !!!!!
Thank you soo much
heyy thank you so much for helping me!! i finished igcse this year and did well in business!!!
Omg I'm retaking business after 1 whole year, this is a life saver thanks for this man!
What did you get man
I myself am retaking business studies after a year
Thanks alot, very useful Video, I watch all your videos!!
Thankyou!!! I hope i pass my 27 chapters exam
Sir u are a great person!!♥️♥️ just love it u make it in a simple English also
Love ur video, u made me understand it soooo welll
You are a life saver!
He summarised 3 lessons in 5 mins. only 5 mins of the video
WELL DONE✝✝✝✝❤❤
Dude thank you for these vids they are extremely helpful i hope you are a successful person😎😎😎👍👍😇😇
Unlimited wants + limited resources = scarcity
so much clear and amazing. thank you for this.
Thanks. glad you are enjoying these videos.
English
exam tomorrow , thank you for these videos !
Unlimited wants + Limited resources = Scarcity
Hello jasschickons, Yes this is correct.
I have seen all the topics related to this but being really honest your's is the best thank u so much love your videos ❤️🤗😊😊😊🥰🥰🥰💬🙏🙏
Thank you! Please visit www.sensebusiness.co.uk for more topics
@@sensebusiness ya sure 😊
There're prime strategies by (Michael ) Porter known as '' Porter Generic Strategies''.
i)Cost Leadership ii) Differentiation iii) Focus
These aren;t business strategy to achieve an objective such as production target, but these are organisational strategy which define the whole direction of the Company.
i) Cost Leadership
1- Means to cut down the costs, WITHOUT ANY COMPROMISE IN QUALITY OR SELL THE PRODUCT@ LOWEST POSSIBLE PRICE.
2- Cost Leadership = Means to produce the goods@ lowest possible cost (that should be your target)
3- You need to achieve ''Economies of Scale'' (produce large no. of units/mass-production)
4- Which country is Cost-Leader? China
5-
ii) Differentiation: In this strategy, your focus will be on QUALITY,
PORTERS FIVE FORCES
1-Threat of New Entrants
2- Threat of Substitute Products
3- Competitive Rivalry
4- Bargaining Power of Customers
5- Bargaining Power of Suppliers
1-Bargaining Power of Customers
This is a threat, if bargaining power of customers INCREASE. When this power will increase!?
1* If no. of available options are there. If many players in an industry then bargaining power of customers will be high. Example. Car manufacturing industry: As new car manufacturers will jump in, the bargaining power of customers will be more and more high.
2* If you're offering a 'COMMON' product, ''OFFERING A COMMON PRODUCT''.
3* If you're operating in a industry, where customers are cost-focused, they're not focussing on quality = Here Again the bargaining power of customers will be high.
4* If there's rivalry among the competitors in a industry = then again the bargaining power of customers will be high.
PORTERS FIVE FORCES
1-Threat of New Entrants
2- Threat of Substitute Products
3- Competitive Rivalry
4- Bargaining Power of Customers
5- Bargaining Power of Suppliers
1-Bargaining Power of Customers
This is a threat, if bargaining power of customers INCREASE. When this power will increase!?
1* If no. of available options are there. If many players in an industry then bargaining power of customers will be high. Example. Car manufacturing industry: As new car manufacturers will jump in, the bargaining power of customers will be more and more high.
2* If you're offering a 'COMMON' product, ''OFFERING A COMMON PRODUCT''.
3* If you're operating in a industry, where customers are cost-focused, they're not focussing on quality = Here Again the bargaining power of customers will be high.
4* If there's rivalry among the competitors in a industry = then again the bargaining power of customers will be high.
RULE: ALL The Players aren't Competitors but All the Competitors aren't Rivals.
Now it's an era where Co's are acquiring customers, like they say; ( Thanks for shopping, Please subscribe this to get our latest offers) they make a relationship - means communicating with customer.
# When competitors start to damage/delibrately try to cut down or harm the reputation of each other, thats' called Rivalry. (Rivalry happens between competitors in industry).
#So Rivalry = Situation where your strategy is not to target the market/ to capture the customers but to damage the reputation of others!!
SO WHAT should be done to REDUCE THIS BARGAINING POWER OF CUSTOMERS!?
Thank you so much, you have helped me in my exam really well
Thank you so much this video is very useful and it helps me with business igcse
Thank you so much I was kind of struggling but I found the exact textbook I’m so happy rn. I have a test tomorrow :((
Here for my IGs within 3 days. GL to everyone.
Thanks! This was easy to understand
woowwww dude i love how you teach thanks alot mahn
Great work, thanks
Very well explained!
got a 79 b, thanks man studied day before from ur vids
Good
Have a test on Tuesday, I just switched to BS last week so I wasn't able to take any classes. This would help a lot!
oh thank you very much, i like your vids more than the rest
thank you
watching this one day before exam this is helping a lot
you are a very good teacher
lots of love from Pakistan
😇😇🥰💚💚💚💚💚💚💚💚💚👩
added value is when the selling price is higher than the cost to make the product.
Amazing..... Keep doing this
Thank you so much
I also have a business studies channel bro but am learning a lot from yours too . I luv the way you deliver
Are you not meant to be teaching us Business studies not learning. (Just saying)
I have an exam the day after tomorrow
Now i understand the whole topic really well in a short time 😊❤❤
A big thank for your explanation videos❤
last year i did not focus in my igces subjects so im kinda doomed and here i am going through all ur videos for my test tomorrow
Very helpful thanks
Business is not boring books are. Thanks for the video I am taking notes after watching Ur vid.i guess I am gonna thank u after my graduation in 3 years
I subbed.
If I think u can please make economics
If u can't can u tell me a good economic channel
If u can't do that I understand it's fine.i already appreciate that u did this mu h
Thanks a lot
BEST EXPLANATION THAN TEACHER 👨🏫
Good stuff man my o levels edexcel exams are next month its a good revise the only criticism i can say is the mic
Thanks a lot for the help
unlimited wants+ limited resources = scarcity
OMG THANKYOU SO MUCH
Awesome lecture...
having my business exam next week! chapters 1 & 2 (9 topics.) hopefully by watching the videos i can at least pass.. a bit lost on how to study
Good luck
Sense Business Studies thanks!!
hey man got my exam on friday. you are saving me right now
@Roro Zone 4
good luck. It's a little late but I would have advised you to do lots of past exam papers once you have watched the IGCSE videos
Roro paper 12 so I think variant 2?
Sense Business Studies hey man thanks for everything. I did manage to get some past papers done. By the way the February March past papers are available online. Just google February 2019 0450 dynamic papers
@@Ray_1337 No problem. good luck
Your drawings are amazing
thank you
GooooooooooD Job
Unlimited wants + limited resources = scarcity ❤❤
GRACIAS TANK YOU
Your video is so helpful thank you so much☺
new subscriber😁
Thanks for helping me
Thanks again
Unlimited wants+Limited recourses= scarcity
Thanks
You are welcome maryam.
good video!
Tremendous. May I get its soft form please?
Thank you so much bro
Welcome
Awesome 😍
guys is this 2018 syllabus applicable for 2023 syllabus because i am self studying so i have no one to guide me so someone pls tell me
Thank you for the quizzes
Hi! These videos are really amazing! Thank you so much. However i have a question, can i completely rely on these videos? Im self studying the subjects and the book is really confusing but you make it really simple so can i just use your vids and be able to get an A??
Brah, i'm also using this but more of a foundation. You may want to prepare short notes of certain topics and revise based on those that will be covered in the exam.
Yes, I have made these videos based on the books and exam. however I advise you do lots of past exam papers, if you still have some time left for your exam.
@@sensebusiness 💞
Scarcity= Limited Resources + Unlimited Wants
Thanks for this useful information it really helped me a lot but when the test I did not find the answer so from where can I find the answers there is a link or some thing like this.¿¿
؟
Thanks sir
Tq very very very much
Thanks alot
Sir!!!
hi, are there any questions without the answers in the link you gave?
Selling price - cost to make the product = value added
thankyouuuuu!!!!
in division of labor, is increasing efficiency the same as increasing productivity?
Division of labour refers to task being divided into small parts.
thanks
Found this video really helpful, Thanks! But can you also make a video on how to answer 6,8 and 12 mark answers from the past papers? Humble request.
You can visit my website for that, i have covered these topics as well. Starting from 2 marks question, www.afzalshad.com/how-to-attempt-2-marks-question-in-igcse-business-studies/
@@AfzalShad Thanks will surely check it out!🤠
@@boyinred703 If there is any issue, feel free to ask :)
AMAZINGGGGGGG
Thank you
Hi, I tried accessing the test from your website, I tried clicking 'view' under IGCSE Business Studies but it won't open. Can you send a link to a pdf of the test instead because it won't open from the website?
which book is this based on because i do igcse too but my units are different will it work if i go through your videos
Unlimited wants plus limited resources = Scarcity
Hello Sir
From where can I get IGCSE Business studies O level Teacher resources (revised third edition?)