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Business Activity Exam Practice Paper 1

The Purpose and Nature of Business Activity Exam Practice โœ๐Ÿฝ

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 WaWayโ€™s employees understand the importance of quality control. WaWayโ€™s 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: .................................................................................................................................

...................................................................................................................................................

Explanation: ..........................................................................................................................

...................................................................................................................................................

Way 2: .....................................................................................................................................

...................................................................................................................................................

Explanation: ..........................................................................................................................

.............................................................................................................................................. [4]

Classification of Business Exam Practice โœ๐Ÿฝ

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: .................................................................................................................................

...................................................................................................................................................

Explanation: ..........................................................................................................................

...................................................................................................................................................

Reason 2: .....................................................................................................................................

...................................................................................................................................................

Explanation: ..........................................................................................................................

.............................................................................................................................................. [4]

Enterprise, Business Growth and Size Exam Practice โœ๐Ÿฝ

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 โ€œWithout the governmentโ€™s 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) โ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆ

โ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆ..

โ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆ..

โ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆ..

โ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆ

โ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆ.

โ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆ.[6]

Types of Business Organisation Exam Practice โœ๐Ÿฝ

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: ............................................................................................................................

...................................................................................................................................................

Explanation: ..........................................................................................................................

...................................................................................................................................................

Disadvantage: ........................................................................................................................

...................................................................................................................................................

Explanation: ..........................................................................................................................

.............................................................................................................................................. [4]

Business Objectives and Stakeholder Objectives Exam Practice โœ๐Ÿฝ

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 โ€œWithout the governmentโ€™s 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]

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