0450_s26_in_23 — 2026 May-June Business Studies 0450 Insert 2 Variant 3

0450_s26_in_23 — 2026 May-June Business Studies 0450 Insert 2 Variant 3 · Cambridge CAIE IGCSE

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0450_s26_in_23 — 2026 May-June Business Studies 0450 Insert 2 Variant 3

This is the insert/source material booklet for Cambridge IGCSE Business Studies (0450) 2 (Variant 3), 2026 May-June. It contains the stimulus material — such as texts, data tables, maps, diagrams, or case studies — needed to answer the accompanying question paper. Keep this document open alongside the question paper when practising.

Also referenced as: 0450_s26_in_23 · 0450/23/m/j/26 · 0450/23 May/June 2026

Paper 2: Case Study — This is Paper 2: Case Study, worth 80 marks with a duration of 1h 30m. 1 large case study with 4 questions. Application marks require use of the case study context — not just repeating question wording.

This insert must be used alongside the corresponding question paper — it contains the source material you need to answer the questions. In the real exam, this booklet is provided as a separate document. Practise extracting relevant information from the insert under timed conditions, just as you would in the exam hall.

When practising with Business Studies past papers that include insert material, always print or display this document alongside the question paper — just as you would in the real exam. Practise extracting relevant data, quotes, or evidence from the insert under timed conditions. Many students lose marks not because they lack knowledge, but because they fail to reference the source material effectively.

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Same paper, other years

Business Studies (0450) Insert 2 (Variant 3) from other exam sessions — practise the same paper across the years, then check each one against its mark scheme.

IN2025 May-June IN2025 Oct-Nov IN2024 May-June IN2024 Oct-Nov IN2023 May-June IN2023 Oct-Nov IN2022 May-June IN2022 Oct-Nov IN2021 May-June IN2021 Oct-Nov

Examiner Insights — Paper 2: Case Study

Based on analysis of 3 official Cambridge documents (2023, 2025)

Evaluation = summary of previous points instead of a decision with reasoning

“Evaluation requires candidates to make a supported judgement. A summary of points stated earlier will not achieve evaluation marks.”— 0450 M25

How to fix: Evaluation means making a decision. After presenting both sides, state which option is better and WHY, comparing the strength of arguments. 'Overall, X is more important than Y because...' — never just repeat your earlier points.

Missing application marks — reusing the same context reference or using question words as application

“Most candidates continue to miss many of the 16 application marks available on this paper.”— 0450 S25

How to fix: Application means using specific details from the case study or scenario: the company name, its products, its size, its market, specific numbers from the data. Using the same context point twice only counts once. The question stem words do not count as application.

Confusing cash flow with profit

“A common error was to confuse a cashflow forecast with an income statement”— 0450 S25

How to fix: Cash flow = actual money moving in and out of the business (timing matters). Profit = revenue minus costs over a period (timing of payment does not matter). A business can be profitable but have negative cash flow if customers have not yet paid.

View full exam guide for Business Studies (0450) →