Business 1 (IGCSE) (Unit 1 2)
Business 1 (IGCSE) (Unit 1 2)
Business 1 (IGCSE) (Unit 1 2)
1. (a) What is meant by ‘added value’? (2 Marks) CIE 2018 Oct-Nov (Unit 1)
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(b) Identify two advantages of specialization. (2 Marks) CIE 2017 Oct-Nov (Unit 1)
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(c) What is meant by ‘tertiary sector’? (2 Marks) CIE 2017 Oct-Nov (Unit 2)
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1
Question Paper (Set A)
Business Activity & Classification of Businesses
(e) What is meant by ‘opportunity cost’? (2 Marks) CIE 2016 Oct-Nov (Unit 1)
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Secondary sector
Tertiary sector
2
Question Paper (Set A)
Business Activity & Classification of Businesses
2. For each of the following businesses identify the factors of production used in the
production process, state whether the business is capital-intensive or labor-intensive
and explain your answer: Edexcel Syllabus Question (Unit 7)
(a) A café serving coffee, tea and snacks (5 Marks)
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3
Question Paper (Set A)
Business Activity & Classification of Businesses
3. ABC Company produces fashion clothes for women. Do you think that ABC’s
business will be able to sell all of the clothes that it makes? Justify your answer. (6
Marks)
CIE Textbook Material (Unit 1)
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4
Question Paper (Set A)
Business Activity & Classification of Businesses
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(c) Using the information in the case study, explain the meaning of
'specialization'. (4 Marks)
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5
Question Paper (Set A)
Business Activity & Classification of Businesses
(d) Identify and explain two stages of Company X's production process. (6 Marks)
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(e) Suggest two ways the marketing manager might increase Company X's
added value. Justify your answer. (6 Marks)
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6
Question Paper (Set A)