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2 marksFactors and Levels of Production

CSEC Principles of Business · January 2012 · Paper 2 · Question 3(a)

An entrepreneur prepares to start a new business using local resources.

Define the term 'resources'.

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Other parts of this question

  1. 3(b)(i)Identify TWO types of resources that are important to the entrepreneur in starting her business.[2 marks]
  2. 3(b)(ii)Explain the importance of EACH identified resource to the business.[4 marks]
  3. 3(c)Outline THREE factors to consider when choosing a location for the business.[6 marks]
  4. 3(d)Discuss TWO ways in which the country may benefit from the establishment of this new business.[6 marks]

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