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Cambridge IGCSE Business Studies practice

Paper 1 structured question: Classification of businesses

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Attempt questionClassification of businesses revisionRevise the key idea

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Classification of businesses

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Paper 1Short Answer and Data Response2 marks

Exploring the roles of different sectors in the economy.

Description

Roles of Business Sectors

The private sector focuses on profit generation, while the public sector aims to provide essential services to the community.

  1. a

    Explain the main difference between private and public sector organizations.

    Aim for approximately 2 distinct marking points.

    [2]

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Paper 1 structured question: Classification of businesses

Paper 1Short Answer and Data Response1 marks

Description

Business Sectors

In a mixed economy, businesses are categorized into private and public sectors. The private sector includes businesses owned by individuals or groups, while the public sector includes government-owned organizations.

  1. a

    State two examples of private sector businesses.

    Aim for approximately 1 distinct marking point.

    [1]