1.2 Classification of businesses IGCSE Business (0450)

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       1.2 Classification of businesses

 

 1. Sarah set up a business as a sole trader running a nursery for small children too
young to go to school. The business is successful and has opened a number of new
nurseries. Sarah took on a business partner in 2007. Growth has continued and now
the business has 10 nurseries in different towns and villages. Sarah is planning to
open another nursery and is looking for a suitable location.

MAY/JUNE 2011 V1 Q3
a. A nursery school is classified as a tertiary sector activity. Identify two other
examples of businesses that are also in the tertiary sector.
Example 1: .............................................................................................
Example 2: ........................................................................................[2]

 

2. The structure of the economy in country W has changed greatly in the last ten years.
Primary sector activities have declined in importance, but a range of new tertiary
sector businesses have started up. Output in the secondary sector has increased,
but employment in this sector has fallen. These changes have caused social and
economic problems, with many people finding it difficult to get jobs. The wages of
workers in the primary sector businesses have been falling.

OCT/NOV 2011 V2 Q5
b. Identify and explain three possible causes of the structural changes that have
occurred in country W.
Cause 1: .......................................................................................................................
Explanation: ...................................................................................................................
.......................................................................................................................................
.......................................................................................................................................
Cause 2: ........................................................................................................................
Explanation: ...................................................................................................................
.......................................................................................................................................
.......................................................................................................................................
Cause 3: ........................................................................................................................
Explanation: ...................................................................................................................
.......................................................................................................................................
...................................................................................................................................[6]

 

3. AM Designs is a private sector business. It makes dresses. It is a successful
business because it adds value. Amira is directly responsible for a team of 12 people.
‘I want to keep a short chain of command but I do need a manager to help me. I must
find someone with the right qualities. All of my team are highly motivated and
someone with the wrong management style might cause problems.’

MAY/JUNE 2013 V1 Q5

a. What is meant by the ‘private sector’?
..................................................................................................................................
..................................................................................................................................
..................................................................................................................................
..................................................................................................................................
.........................................................................................................................[2]

 

4. Country A has a mix of private sector and public sector enterprises. Figures 1– 3 give
some data about the two sectors.

OCT/NOV 2013 V2 Q5

 

 

 

a. Identify two examples of public sector enterprises.
Example 1: .................................................................................................
..................................................................................................................
Example 2: ....................................................................................................................
.................................................................................................................................. [2]
b. Identify two aims that public sector enterprises often have.
Aim 1: ...........................................................................................................................
.......................................................................................................................................

Aim 2: ...........................................................................................................................
...................................................................................................................................[2]
d) Consider each of the Figures 1–3. Identify and explain three changes that are shown by
the data in Figures 1– 3.
Change in Figure 1: ...................................................................................................................
...................................................................................................................................................
Explanation: ..............................................................................................................................
...................................................................................................................................................
Change in Figure 2: ...................................................................................................................
...................................................................................................................................................

Explanation: ..............................................................................................................................
...................................................................................................................................................
Change in Figure 3: ...................................................................................................................
...................................................................................................................................................
Explanation: ..............................................................................................................................
.............................................................................................................................................. [6]

 

5. Y2M is a bus operating company in the public sector. One of its objectives is to break
even on every bus route. Most of its competitors are in the private sector. Y2M wants
to increase the number 1 of customers using its buses. The Finance Director has
been looking at some cost data shown in Table1. This is because Y2M plans to
review its pricing methods. She is worried other businesses pay workers a higher
wage rate and some of its drivers may leave. She said: ‘To pay the same wage rate
would increase variable cost to $2.20 per passenger per journey.’

MAY/JUNE 2019 V1 Q1

    

 

c. Identify and explain two objectives Y2M might have if it was in the private sector.
Objective 1: ...................................................................................................................
.......................................................................................................................................
Explanation: ...................................................................................................................
.......................................................................................................................................
Objective 2: ...................................................................................................................
.......................................................................................................................................
Explanation: ...................................................................................................................
...................................................................................................................................[4] 

 

 

 

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