IGCSE Business Studies

Front

What is unlimited liability?

Back

Personal possessions CAN be taken to repay a debt.

Front

What is a sole trader?

Back

One person who owns and runs a business

Front

What happens in the primary sector?

Back

Raw materials are sourced.

Front

What happens in the secondary sector?

Back

Products are made

Front

What happens in the tertiary sector?

Back

Services provided to customers

Front

What sector would a SCHOOL be part of? Options: Primary, Secondary, Tertiary

Back

Tertiary

Front

Which sector would a CAR FACTORY be part of?

Back

Secondary

Front

What is a franchise?

Back

When a person buys the rights to a business.

Front

What is a shareholder?

Back

A person who invests in a business.

Front

Which of the following is not an advantage of buying a franchise? Make more profit, Access to a successful business idea, Lower costs, Have total control of a business

Back

Have total control of a business