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Edexcel IGCSE Business Studies 1.2.2 Business size characteristics

Practise applying ownership, risk, shareholders and limited liability to business size, finance choices and stakeholder effects.

Syllabus
First assessment 2019
Course
Business Studies 4BS1

Exam points

  • define shareholder, stakeholder or limited liability from a short business context
  • explain how limited liability protects owners and may help a company raise finance
  • evaluate whether changing ownership suits a business using control, risk and finance evidence

1.2.2 Business size characteristics question 1

[Maximum number: 1]

Ocean Vibes is a boat tour business located in two tourists resorts in Portugal. During the tours, it collects wildlife research. The idea came from two young scientists, Alfredo and Pedro, who share a passion for the environment, boats and science. Ocean Vibes employs boat tour guides and a sales team in each of the two resorts.

The main goal of Ocean Vibes is to connect tourism with science. It offers dolphin and bird-watching tours to tourists and uses the boat tours to collect research data on the wildlife. Its tour guides are knowledgeable, passionate and respectful of the environment.

Customers can book the boat tours online or in the tourist resorts. They are encouraged to leave reviews on Ocean Vibes' website.
Every month Ocean Vibes provides a boat tour for students and researchers who wish to study the wildlife.

There are many other businesses offering boat tours in Portugal which makes competing in the industry a challenge.

Define the term shareholder.

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