Business and Management for the IB Diploma

Name: ______________________________ Date: ________

Chapter 1: Base knowledge worksheet

Full sentence answers are not required: 20 marks, 30 minutes

1 What are the four basic factors of production? (4)

2 What are the four main functional departments of businesses? (4)

3 State the three main sectors of industry. Explain what each does. (6)

4 State two ways in which the relative importance of each sector is measured. (2)

5 Define industrialisation. (2)

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Business and Management for the IB Diploma

6 Give three benefits and three disadvantages of industrialisation. (6)

7 Define the term ‘deindustrialisation’. (2)

8 Give two reasons for deindustrialisation. (2)

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