CSEC Principles of Business · January 2017 · Paper 2 · Question 1(a)(ii)
Define the term 'specialization'.
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Practise this questionOther parts of this question
- 1(a)(i)Define the term 'barter'.[2 marks]
- 1(b)State TWO characteristics of cooperatives.[2 marks]
- 1(c)(i)Distinguish between sole traders and partnerships.[4 marks]
- 1(c)(ii)Distinguish between the private sector and the public sector.[4 marks]
- 1(d)(i)Explain ONE way in which producers are important to a retail business.[3 marks]
- 1(d)(ii)Explain ONE way in which consumers are important to a retail business.[3 marks]
More practice: the rest of this paper · more Factors and Levels of Production questions · all CSEC Principles of Business past papers