Business 7115 · O Level · Economic issues

Economic issues — practice question

(a)[8]

Explain four reasons why the relative importance of the primary, secondary and tertiary sectors changes in a country.

(b)[12]

Consider the following three problems for FO as it grows through takeovers. Which problem will FO find simplest to overcome? Justify your answer. Harder to control the business Shortage of finance Conflict between business cultures

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: Primary sector change - growth because of a fresh discovery of natural resources / decline because natural resources are depleted

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