CAIE IGCSE Business Studies 1.2 Economic Sectors Questions
Practise classifying business activity by sector, using definitions, examples and data to explain changes in sector importance.
- Syllabus
- 2027–2029
- Course
- Business 0264
Exam points
- define primary, secondary, tertiary, private or public sector from business activity
- use table data to explain why a sector becomes more or less important
Covered syllabus points
Question 1
WMH is a business which operates in the secondary sector. It makes furniture including tables and chairs. WMH's employees are all members of a trade union. The Managing Director knows the business is likely to remain small. She is considering introducing new technology into WMH's factory. She also knows it is important for a manufacturing business to choose a suitable location for a factory.
Define 'secondary sector'.
Question 2
LRL makes skincare products including face cream. It is a private sector business in country X . One of LRL's objectives is to contribute to sustainable development. Maintaining customer loyalty is important and the Marketing Director knows a business must have an appropriate marketing mix. He is analysing data to calculate the value of LRL's market share. An extract is shown in Fig. 3.1. The total value of sales of skincare products in country X for 2023 was $120 million.
Market share data for skincare products in country X in 2023 (\%)
Define 'private sector'.
Question 3
Avtar owns a car repair business which operates in the private sector. It is a small business with 2 full-time employees. Avtar wants to find out the best way for a business to increase added value. Avtar's business needs finance for many reasons. Avtar wants to know how an economic recession might affect his business.
Identify two features of a private sector business.
Feature 1:
Feature 2:
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