In order to be successful a business needs to? Identify its customers needs and wants, Have a big shop, Sell products really cheap, Have lots of sales.

3. Sarah set up a business as a sole trader running a nursery for small children too young to go to school. The business is successful and has opened a ...

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

Оценка 4,9 (17) Study with Quizlet and memorize flashcards containing terms like need, want, Added Value and more.

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

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.

Here, you'll find an array of revision notes, exam questions, fully explained model answers, past exam papers and more, meticulously organised to simplify your ...

1. Multiple Choice 30 seconds 1 pt What is the difference between goods and services? Goods is tangible and services is intangible.

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

Paper 1 [90 Minutes] This is a structured question paper. There are always fou questions based on topics from the whole of the syllabus. Categorised Past Papers · Complete Past Papers · Revision Notes