Higher Business Management - PastPaper Questions

Land, Labour, Capital and Enterprise

• Identify the Factors of Production used by businesses
• Describe the Factors of Production used by businesses
• Explain the Factors of Production used by businesses
• Justify the Factors of Production used by businesses
• Outline the Factors of Production used by businesses

A long term source of finance, normally used to secure property

• Describe what is meant by a Mortgage

• Explain what is meant by a Mortgage

• Describe what is meant by an Overdraft

• Describe what is meant by a Debenture

• Describe what is meant by a Venture Capitalist

The Sector of Industry where a business that manufactures would operate in.

• Describe the Primary Sector of Industry
• Describe the Secondary Sector of Industry
• Describe the Tertiary Sector of Industry
• Describe the Public Sector of the Economy
• Describe the Private Sector of the Economy

A type of business where shares are available on the Stock Exchange.

• Outline a feature of a Public Limited Company
• Outline a feature of a Private Limited Company
• Outline an objective of a Sole Trader
• Outline an objective of a Private Limited Company
• Describe an objective of a Public Limited Company

The business may be able to avoid tax or trade barriers by operating in another country

• Justify why a business may choose to become a Multinational

• Describe the features of a Multinational

• Justify why a business may become a Sole Trader

• Discuss the Multinational approach to growth

• Describe the features of a Franchise

Customers are already aware of the brand, therefore the new business is more likely to succeed

• Explain why someone may buy into a franchise

• Describe why a franchisee may buy into a franchise

• Discuss why a franchisee may buy into a franchise

• Explain why a business may become a partnership

• Explain why a business may become a Private Limited Company

A business which aims to support and improve a specific cause, reinvesting any profits back into the business and cause

• Describe what is meant by a Social Enterprise
• Describe what is meant by a Social Trader
• Describe what is meant by a Public Sector Organisation
• Describe what is meant by a Franchise
• Describe what is meant by a Charity

The business is able to take advantage of economies of scale, however less competition could mean higher prices for customers

• Discuss a business objective about growth
• Describe a business objective about growth
• Explain a business objective about growth
• Outline a business objective about growth
• Compare a business objective about growth

The business will potentially make less profit due to an increase in corporate tax.

• Describe a political external impact on a Private Sector organisaiton.
• Describe a political external impact on a Public Sector organisation.
• Describe an environmental external impact on a Private Sector organisation.
• Describe a technological external impact on a Private Sector organisation.
• Describe a financial internal impact on a Private Sector organisation.

The business will have to decrease their prices in order to combat a new business opening beside them.

• Describe a political external impact on a Private Sector organisation.
• Describe a competitor external impact on a Private Sector organisation.
• Describe a competitor internal impact on a Private Sector organisation.
• Describe a economic external impact on a Private Sector organisation.
• Describe a technological external impact on a Private Sector organisation.