IGCSE Business Studies

What happens in the secondary sector?

• Raw materials are sourced
• Products are made
• Products/services provided to customers

 What is a market segment?

• A part of a market e.g. age, gender
• A piece of cake
• Part of a person e.g. age, gender
• Smaller part of a larger market e.g. shop

Which of these is an example of an external stakeholder?

• Employees
• Customers
• Employers
• Shareholders

What happens in the tertiary sector?

• Raw materials are sourced

• Products are made

• Services provided to customers

Something which distinguishes one business from its rivals, placing it an advantageous position is called

• Competition

• Competitive situation

• Competitive edge

• Competitive advantage

What happens in the primary sector?

• Raw materials are sourced
• Products are made
• Products/services provided to customers

What is the business culture?

• A notion that concentrates its main economic output upon businesses

• The attitude that stakeholders such as management bring to the business

• How willing and motivated employees are to work

• The process by which a creditor studies a business to see the chance a proposed strategy may fail before it gives financial aid

What sector would a SCHOOL be part of?

• Primary
• Secondary
• Tertiary

What is an arrangement where a business buys the rights to trade under the name as an existing business called.

• Franchise
• Sole Trader
• Merger
• Acquisition

Which sector would a CAR FACTORY be part of?

• Primary

• Secondary

• Tertiary