Skills You Need To Demonstrate (Cambridge (CIE) IGCSE Business): Revision Note

You gain knowledge marks for recognising and showing understanding of key business terms, concepts, formulas, theories, methods and models

Knowledge can also be demonstrated by making relevant points, such as stating a feature, benefit, drawback or implication

In this response, knowledge has been demonstrated by giving a clear definition of the key term in the question

Application marks are awarded for the use of market data or business information from stimulus material to support a point

You gain application marks in calculations by using key business formulas in an appropriate context

In this response, application has been demonstrated by relating each point to the case study material

You gain analysis marks by selecting, organising and interpreting business data and information in written, numerical and graphical forms

You will develop logical chains of reasoning, showing cause and effect, impacts and outcomes

In this extract from a student's response, analysis has been demonstrated by chains of reasoning showing cause and effect, impacts and outcomes

You gain evaluation marks by making justified decisions, reaching conclusions or making recommendations based on evidence

In this extract from a student's response, evaluation has been demonstrated by a justified decision, which draws together earlier points

In longer answers, you will be expected to demonstrate two or more of the skills of knowledge, application, analysis and evaluation

This is an example of a full-mark response, highlighted to show how a student has demonstrated a strong command of all four skills throughout their answer