G9 T1 End of Term Exam Prep File

• Business Studies
• Secondary Education

 November 2025

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

Resources

Resources are things we use to do something. 

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

Factors of Production

Land

• farm
• cows
• water
• cocoa beans

Labour

• delivery man
• factory workers
• shop employees

Capital

• delivery vans
• factory
• machinery

Enterprise

• the business idea
• land, labour and capital

a group of individuals

an individual

We will turn off all lights when not needed.

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

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

This objective will save money and support sustainability. 

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