1.1 Business Activity · Why is specialization important? · What are the two (2) ways of specializing? · What are the advantages and disadvantages of labour and ...

Questions and model answers on 1.1 Business Activity for the Cambridge (CIE) IGCSE Business syllabus, written by the Business experts at Save My Exams.

(b) A nursery school is classified as a tertiary sector activity. Identify two other examples of businesses that are also in the tertiary sector. (d) Identify ...

Оценка 5,0 (3) 1. Business activity. Revision questions 1 a)= From the following list, decide which items are human needs and which are wants: l luxury house l shelter

8 окт. 2024 г. · Learn about the nature of business activity for CIE IGCSE Business, including needs, wants, scarcity, opportunity cost and specialisation.

Table Of Contents. The Purpose and Nature of Business Activity Exam Practice ✍ Classification of Business Exam Practice ✍ Enterprise, Business Growth and ...

Оценка 5,0 (1) The document contains 11 questions about economic concepts including human needs vs wants, scarcity, factors of production, opportunity cost, division of labor.

Study with Quizlet and memorize flashcards containing terms like Needs, Wants, Scarcity and more.

Cambridge IGCSE Business Studies (0450) past papers, examiner reports and specimen papers. You can download one or more papers for a previous session.

CIE (0450) This section covers concepts of needs, wants, scarcity and opportunity cost. Importance of specialisation. Purpose of business activity.