NAME : .............................. ..................................................................

GRADE: IX Work sheet - I DATE: 5/5/21

BS Chapter –I Business activity

1.a.Identify two different factors of production used by Farah. 2

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b. Define ‘ opportunity cost’. 2

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c. Outline two ways in which specialisation of its employees could benefits FS. 4

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d.Explain two examples of how the business activities undertaken by FS benefit the local
economy. 6

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e. Do you think that buying in cheaper shampoos and other beauty products is the best
way to increase added value by FS? Justify your answer. 6

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