CSEC Principles of Business · 2021 · Paper 2 · Question 3(b)
List THREE characteristics of cottage industries.
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- 3(a)Distinguish between the 'subsistence level of production' and the 'domestic level of production'.[4 marks]
- 3(c)(i)State THREE functions of small businesses in rural communities.[3 marks]
- 3(c)(ii)State TWO advantages and TWO disadvantages of small businesses.[4 marks]
- 3(d)Explain TWO possible effects the firm's growth may have on the internal operations of the business.[6 marks]
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