Answer to o level question - size, sectors, government

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(a) Identify two methods of measuring the size of a business. [2]
Size of a business usually measured by capital employed/value of turnover/number of employees/market share (2). One mark per point identified.

(b) Explain what is meant by ‘the public sector should expand’. [2]
The public sector refers to those activities that are owned and managed by the government
or its agencies (1). Expanding it simply implies that the government play a larger role in the
economy (such as employment in the sector increases) (1).

Type: doc

Iqbal Pirbacosse
Results Oriented Business Studies Teacher - Cambridge Int'l Exams- CIE
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