Answering 2-Mark Questions (Cambridge (CIE) IGCSE Business): Revision Note

How do I answer a CIE IGCSE Business 2-mark question?

Define questions

• In these questions you are asked to give a precise meaning of a key business term

• Your definition should include two elements to attract both marks

Example

Define ‘Return on Capital Employed’.

Calculate questions

• In these questions, you are asked to carry out a simple calculation using the given data

• You should always show your workings

  • If your final answer is incorrect but some of your working is correct, you could gain one mark

• Make sure you include relevant units e.g. £ or $, number of items, %, etc

• You can use a calculator

Example

Kemala makes high-quality beauty products. Demand for her best-selling hand cream is price inelastic. She advertises her products in specialist beauty magazines. Kemala is analysing her income statement. An extract is shown in the table below. Extract from Kemala’s income statement 2021 ($000) Revenue 480 Gross profit 192 Profit for the year 72 Calculate Kemala's gross profit margin in 2021. Show your workings.

State or Identify questions

• In these questions you need to either

  • Name, select or recognise two distinct points

  • Express, in clear terms, two distinct points

Example

Identify two external users of accounts.