The Purpose and Nature of Business Activity Exam Practice โ๐ฝ
WaWay, a large manufacturing business, makes cell (mobile) phones.
WaWay exports 30% of its products. It imports most of its raw materials to help reduce total costs.
All 400 of WaWayโs employees understand the importance of quality control. WaWayโs directors are researching ways of further adding value to their products.
(c) Outline two ways WaWay can add value to its products. [4]
Way 1: .................................................................................................................................
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Explanation: ..........................................................................................................................
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Way 2: .....................................................................................................................................
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Explanation: ..........................................................................................................................
.............................................................................................................................................. [4]
Classification of Business Exam Practice โ๐ฝ
Percentage of economic activity by sector in country X, Y and Z | |||
Primary | Secondary | Tertiary | |
Country X | 37 | 19 | 43 |
Country Y | 13 | 17 | 70 |
Country Z | 75 | 15 | 20 |
(c) Outline two reasons why country Z may have a higher proportion of economic activity in the primary sector. [4]
Reason 1: .................................................................................................................................
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Explanation: ..........................................................................................................................
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Reason 2: .....................................................................................................................................
...................................................................................................................................................
Explanation: ..........................................................................................................................
.............................................................................................................................................. [4]
Enterprise, Business Growth and Size Exam Practice โ๐ฝ
Eka owns and manages She Works, a new business start-up in country X. It provides office space for female digital entrepreneurs for a monthly fee.
She Works has increasing sales revenue and Eka is considering opening another co-working space in a neighbouring town. Eka said โWithout the governmentโs support and training in the early stages of the business development, She Works would not have survivedโ
(e) Do you think the government should help start-up businesses? Justify your answer. [6]
(e) โฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆ
โฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆ..
โฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆ..
โฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆ..
โฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆ
โฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆ.
โฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆโฆ.[6]
Types of Business Organisation Exam Practice โ๐ฝ
Tammy is a sole trader. She provides window cleaning services to home owners. Her business does not benefit from any economies of scale because it is small.
Tammy has just bought a new van and must make repayments to the bank every month. Tammy has to pay her employees every month. However, she gives her customers 2 months to pay.
(d) Explain one advantage and one disadvantage to Tammy of being a sole trader. [6]
Advantage: ............................................................................................................................
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Explanation: ..........................................................................................................................
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Disadvantage: ........................................................................................................................
...................................................................................................................................................
Explanation: ..........................................................................................................................
.............................................................................................................................................. [4]
Business Objectives and Stakeholder Objectives Exam Practice โ๐ฝ
Eka owns and manages She Works, a new business start-up in country X. It provides office space for female digital entrepreneurs for a monthly fee.
She Works has increasing sales revenue and Eka is considering opening another co-working space in a neighbouring town. Eka said โWithout the governmentโs support and training in the early stages of the business development, She Works would not have survivedโ
She Worksโ external stakeholders want the business to expand further.
(c) Identify four external stakeholder groups. [4]
Stakeholder group 1: ............................................................................................................................
Stakeholder group 2: ..........................................................................................................................
Stakeholder group 3: ...........................................................................................................................
Stakeholder group 4: .................................................................................................................... [4]