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  • Sample Question and Answers: Business Studies 0450/0986 Worksheet 1 Business Activity

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    Abdullah Hassan
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    The document discusses business activity and value added. It defines value added as the difference between a product's selling price and the cost of materials used in its production. Businesses focus on activities they are best at and brand their products so they can charge more than the cost of materials. People feel compelled to purchase branded goods and services even if they cost more than materials.

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    The document discusses business activity and value added. It defines value added as the difference between a product's selling price and the cost of materials used in its production. Businesses focus on activities they are best at and brand their products so they can charge more than the cost of materials. People feel compelled to purchase branded goods and services even if they cost more than materials.

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    14 views3 pages

    Sample Question and Answers: Business Studies 0450/0986 Worksheet 1 Business Activity

    Uploaded by

    Abdullah Hassan
    The document discusses business activity and value added. It defines value added as the difference between a product's selling price and the cost of materials used in its production. Businesses focus on activities they are best at and brand their products so they can charge more than the cost of materials. People feel compelled to purchase branded goods and services even if they cost more than materials.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Business Studies 0450/0986 Worksheet 1 Business Activity

    Sample question and answers

    Practice exam questions

    The difference between a products selling price and the cost of bought in materials

    IGCSE Grade 9 Page 1 of 3 Al Oruba Int. School


    Business Studies 0450/0986 Worksheet 1 Business Activity

    The next best item given up by choosing another

    People and business concentrate on what they are best at

    By selling the goods or services to the customers at a greater price than the cost of raw materials used in

    production.

    By branding

    IGCSE Grade 9 Page 2 of 3 Al Oruba Int. School


    Business Studies 0450/0986 Worksheet 1 Business Activity

    Adding value means the difference between the products selling price and the cost of raw materials used in production

    And because manufacturing businesses are well known brands so they sell their goods or services at a greater price

    than the cost of materials they use in production and they are known brand so everyone feels they should buy products

    from this company or brand.

    IGCSE Grade 9 Page 3 of 3 Al Oruba Int. School

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