G9 T1 End of Term Exam Prep File

November 2025

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Business StudiesSecondary Education

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November 2025

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Exam Topics:

1. Needs and Wants (5 marks) 5. Public Sector and Private Sector (15 marks)

2. Goods and Services (5 marks) 6. Business Structure: Sole Trader and Partnership (15 marks)

3. Factors of Production (10 marks) 7. Business Structure: Franchise and Joint Venture (15 marks)

4. Chain of Production (10 marks) 8. Business Objectives and SMART Objectives (25 marks)

Total: 100 marks

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Resources

Resources are things we use to do something.

In business, resources are things a business needs to make products and to sell them.

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Factors of Production

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Land

farm
cows
water
cocoa beans

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Labour

delivery man
factory workers
shop employees

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Capital

delivery vans
factory
machinery

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Enterprise

the business idea
land, labour and capital

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a group of individuals

an individual

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We will turn off all lights when not needed.

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We will turn off the lights and machines 30 minutes everyday.

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Turn off the lights and machines for 30 minutes a day when the shop is not busy.

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This objective will save money and support sustainability.

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Turn off the lights and machines for 30 minutes a day for 3 months.

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