IGCSE Business Studies Section 1

IGCSE Business Studies Section 1

Assessment

Flashcard

Business

9th Grade

Practice Problem

Hard

Created by

Wayground Content

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44 questions

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1.

FLASHCARD QUESTION

Front

Businesses including farming, fishing, forestry & the extraction of natural resources e.g. oil, minerals etc.

Back

Primary Sector

2.

FLASHCARD QUESTION

Front

Land, labour, capital and enterprise are collectively known as

Back

Factors of production

3.

FLASHCARD QUESTION

Front

Which of these is the best definition of the ‘economic problem’? Options: People do not have enough money. There are not enough resources to satisfy people’s wants. There are too many factors of production. The amount of something produced by a person, machine or industry.

Back

There are not enough resources to satisfy people’s wants.

4.

FLASHCARD QUESTION

Front

Examples of tertiary sector companies include Transport, banking, teaching, nursing, police.

Media Image

Back

Transport, banking, teaching, nursing, police

5.

FLASHCARD QUESTION

Front

What is 'added value'?

Back

is the difference between the selling price of a product and the cost of bought-in materials and components.

6.

FLASHCARD QUESTION

Front

Which of the following is an example of PRIMARY business activity? Factories, Shops, Schools, Farmers

Back

Farmers

7.

FLASHCARD QUESTION

Front

Which of the following is an example of SECONDARY business activity? School, Factories, Shops, Farmers

Back

Factories

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