Business Test 2

1. Define social enterprise.

2. Who are stakeholders? Explain with examples.
Name:
3. Explain 3 objectives of a business.
Marks obtained:
4. Why might objectives change as a business evolves?
5. Define sole trader.
6. Explain 3 advantages and disadvantages for partnership business.

1. How
2.

1. Define de-industrialization [2]

2. Define mixed economy [2]

3. Explain how the importance of an economic sector can be measured

[6]
4. Explain the three stages of economic activity [6]

5. Why is there an increase in de industrialization in the global

economy [4]