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Cambridge IGCSE Business Studies practice

Paper 1 structured question: Business activity

Try the question first, then check the answer and practise the same topic again.

Attempt questionBusiness activity revisionRevise the key idea

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3

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Topic

Business activity

Exam-style question

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Paper 1Short Answer and Data Response3 marks

The importance of specialization in business.

Description

Specialization in Business

Specialization allows businesses to improve efficiency and productivity by focusing on specific tasks.

  1. a

    Explain Explain how specialization can benefit a business.

    Aim for approximately 3 distinct marking points.

    [3]

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Paper 1 structured question: Business activity

Paper 1Short Answer and Data Response1 marks

Description

Business Activities Overview

Business activities are essential for fulfilling human needs and wants. They involve making choices due to scarcity and understanding opportunity costs.

  1. a

    State Define the term 'scarcity'.

    Aim for approximately 1 distinct marking point.

    [1]