CSEC Principles of Business · January 2014 · Paper 2 · Question 1(a)(ii)
Outline TWO ways in which a public sector business is different from a private sector business.
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Practise this questionOther parts of this question
- 1(a)(i)Define the term 'private sector'.[2 marks]
- 1(b)(i)Describe TWO characteristics of a co-operative.[4 marks]
- 1(b)(ii)State ONE way in which a co-operative is different from a company.[2 marks]
- 1(b)(iii)List TWO types of private sector businesses, other than companies and co-operatives.[2 marks]
- 1(c)Discuss TWO ways in which a private company is LIKELY to change if it were to be nationalized.[6 marks]
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