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Cambridge IGCSE Business Studies practice

Paper 1 structured question: Economic issues

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Economic issues

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Paper 1Short Answer and Data Response3 marks

The impact of economic fluctuations on businesses is significant.

Description

Economic Fluctuations and Business

Fluctuations in employment rates, inflation, and GDP can greatly affect business operations and strategies.

  1. a

    Explain how a recession can impact employment levels in businesses.

    Aim for approximately 3 distinct marking points.

    [3]

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Paper 1 structured question: Economic issues

Paper 1Short Answer and Data Response1 marks

Description

Understanding the Business Cycle

The business cycle consists of four main phases: growth, boom, recession, and slump. Each phase has distinct characteristics that impact businesses differently.

  1. a

    State the four phases of the business cycle.

    Aim for approximately 1 distinct marking point.

    [1]