Why is specialization important?

What are the two (2) ways of specializing? 

What are the advantages and disadvantages of labour and capital intensive?

What is the purpose of business activities?

What are the three (3) industrial sectors?

What is the difference between a market, mixed and planned economy?

What are public sector organisations?

What are the advantages and disadvantages of being an entrepreneur?

What are the characteristics of an entrepreneur?

What are the importance of a business plan?

What are the components of a business plan?

Why does government support businesses?

What kind of support does the government offer businesses?

How to measure the size of firms?

Why do firms grow?

How do firms grow?

Why does some firm remain small?

What are the problems of growing a business?

Why does some business fail?

What causes a business to fail?

What are the different types of business organization?

What are the advantages and disadvantages of different types of organization?

What are the importance of a business objective?

What are the key business objectives?

Who are business stakeholders? What are their roles?