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Ch 15 Costs, Scale of Production and Break-even: complete notes
Neat, exam-ready notebook-style notes for Ch 15 Costs, Scale of Production and Break-even, following the Cambridge IGCSE 0264 syllabus. This chapter is part of the complete IGCSE Business 0264 Complete Notes: All 23 Chapters with Case Studies and Mark Schemes (Cambridge 2027–2029).
Free preview: Ch 15 Costs, Scale of Production and Break-even notes
A quick look at the chapter from our IGCSE Business Studies notes. The full chapter notes have the detailed explanations, diagrams and practice questions with answers.
Topics in this chapter
- 4.4.1 Identify and classify costs
- 4.4.1 Using cost data to make simple decisions
- 4.4.2 Economies and diseconomies of scale
- 4.4.3 The concept of break-even
- 4.4.3 Completing and interpreting a break-even chart
- 4.4.3 Using break-even analysis to make decisions
- 4.4.3 Limitations of break-even analysis
“I can” checklist: what you must be able to do
- classify costs as fixed or variable and calculate total and average cost
- use cost data to decide on products, prices and suppliers
- explain the five economies and four diseconomies of scale, ending with average cost
- calculate contribution, break-even output, margin of safety and profit
- complete, amend and interpret a break-even chart
- explain the effect of changes in price and costs, and the limitations of break-even
What is inside the full chapter notes
- Concept notes, figures and 8 worked examples (calculations and model answers)
- Exam skills for Papers 1 and 2; common mistakes from the examiner report
- 20 quick-check multiple-choice questions, explained
- Two Paper 1 style questions and one Paper 2 style case-study question, all with full mark schemes
- Quick-reference table, "I can" checklist
What you get in the pack
- All 23 chapters of the Cambridge IGCSE Business 0264 syllabus (exams 2027–2029): business activity and sectors, enterprise and growth, types of organisation, objectives and stakeholders, human resources, organisation and management, communication, motivation, marketing, market research, the marketing mix, production and technology, sustainability and quality, costs and break-even, location, finance, cash flow, financial statements and ratios, and the economic, international, environmental and ethical influences on business
- Every syllabus statement covered in order, with clear notes, diagrams and real-business style examples drawn for these notes
- Worked examples, case-study exam skills and key definitions in every chapter
- Common mistakes taken from Cambridge examiner reports, so you know where marks are lost
- 20 quick-check MCQs per chapter with answers and explanations
- Original exam-style questions in the style of Paper 1 (short answer and data response) and Paper 2 (case study), with full mark schemes (no past-paper reprints)
- Quick-reference sheet and an "I can" checklist at the end of every chapter
- Colour PDF and a black and white copy of every chapter for printing
- Independent notes; not endorsed by or affiliated with Cambridge University Press & Assessment
All chapters in this pack
- Ch 1 Business Activity and Economic Sectors
- Ch 2 Enterprise, Business Growth and Size
- Ch 3 Types of Business Organisation
- Ch 4 Business Objectives and Stakeholders
- Ch 5 Human Resource Management
- Ch 6 Organisation and Management
- Ch 7 Methods of Communication
- Ch 8 Motivating Employees
- Ch 9 Marketing and the Market
- Ch 10 Market Research
- Ch 11 Marketing Mix: Product and Price
- Ch 12 Marketing Mix: Place, Promotion and Legal Controls
- Ch 13 Production and Technology
- Ch 14 Sustainable Production and Quality
- Ch 15 Costs, Scale of Production and Break-even
- Ch 16 Location Decisions
- Ch 17 Business Finance
- Ch 18 Cash Flow Forecasts
- Ch 19 Profit and Loss and the Statement of Financial Position
- Ch 20 Analysis of Accounts
- Ch 21 Economic Issues
- Ch 22 Business and the International Economy
- Ch 23 Environmental and Ethical Issues and Pressure Groups