Business Activity ✍🏽
SECTION A: (a) 2 mark (b) 3 mark PAPER 1
(a) Define the term ‘opportunity cost’. [2]
(b) Explain two reasons why many new businesses fail in their first year of operation. [3]
Social Enterprises ✍🏽
SECTION A: (a) 8 mark PAPER 1
(a) Analyse the impact of social enterprises on the development of a country. [8]
Economic Sectors ✍🏽
SECTION A: (b) 3 mark PAPER 1
(b) Explain two advantages that a business in the public sector may have that a business in the private sector may not. [3]
Business Objectives in the Private Sector and Public Sector ✍🏽
SECTION A: 5 mark PAPER 1
Explain why the objectives of a business may change over time. [5]
Objectives and Business Decisions ✍🏽
SECTION B: 12 mark PAPER 1
(b) Discuss why the shareholders of a public limited company might not support corporate social decisions responsibility (CSR) as a business objective. [12]
Business Stakeholders ✍🏽
SECTION A: 5 mark PAPER 1
Explain how the interests of two stakeholder groups could affect the decisions of a business. [5]
The Importance and Influence of Stakeholders ✍🏽
SECTION B: 12 mark PAPER 1
Discuss the view that a public limited company should prioritise the aims of its shareholders rather than those of other stakeholder groups. [12]
