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Cambridge IGCSE Business Studies practice

Paper 1 structured question: Enterprise, business growth and size

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Attempt questionEnterprise, business growth and size revisionRevise the key idea

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Enterprise, business growth and size

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Paper 1Short Answer and Data Response2 marks

Challenges of Business Growth

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Challenges of Growth

As businesses grow, they may face challenges such as increased competition, management complexities, and financial risks. These challenges can impact their ability to sustain growth and profitability.

  1. a

    Explain two challenges that businesses face when they grow.

    Aim for approximately 2 distinct marking points.

    [2]

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Paper 1 structured question: Enterprise, business growth and size

Paper 1Short Answer and Data Response1 marks

Description

Business Growth Factors

Businesses may choose to grow for various reasons, including increasing market share and achieving economies of scale. However, challenges such as increased competition and management complexities can arise. Conversely, some businesses remain small due to niche markets or personal preferences of owners.

  1. a

    State one reason why businesses choose to grow.

    Aim for approximately 1 distinct marking point.

    [1]