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IB Business Management SL 1.1 What Is a Business Questions

Practise how businesses combine resources and decisions to create value, classify sectors and respond to start-up opportunities and risks.

Syllabus
First assessment 2024
Course
Business management SL
Level
SL

Exam points

  • Define business activity and distinguish primary, secondary, tertiary and quaternary sectors in a case.
  • Explain how entrepreneurs combine resources, finance and opportunity to start a business.
  • Analyse start-up problems such as finance, competition, infrastructure and market uncertainty.

Covered syllabus points

1.1.1—Nature of business1.1.2—Business sectors1.1.3—Entrepreneurship1.1.4—Start-up challenges and opportunities

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