A-Level CAIE Business AS 1.1.1—Business activity Question Bank

• The nature of business activity

- the purpose of business activity

- the factors of production needed for business activity: land, labour, capital and enterprise

- the concept of adding value

- the nature of economic activity, the problem of choice and opportunity cost

- the dynamic business environment

- why businesses succeed or fail

- differences between local, national, international and multinational businesses