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Business activity

1.1

What the syllabus asks of you

  • The purpose and nature of business activity: Concepts of needs, wants, scarcity and opportunity cost
  • The purpose and nature of business activity: Importance of specialisation
  • The purpose and nature of business activity: Purpose of business activity
  • The purpose and nature of business activity: The concept of adding value and how added value can be increased

Read the notes first

Chapter 1: Business activity

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Drill this topic

All 5 questions on Business activity, untimed — answer on paper, then mark yourself against the mark scheme.

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Make a worksheet

Choose the years and how many questions, then print it with the answers on separate pages.

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5 questions

These are structured questions, answered in working rather than by picking an option, so they are not listed here one by one. The drill above puts each in front of you with its mark scheme to check against.