Question 1
What is the main purpose of business activity?
Correct Answer:
To produce goods and services to satisfy people's needs and wants
Question 2
Which of the following is best classified as a 'need' rather than a 'want'?
Correct Answer:
Clean drinking water
Question 3
Which factor of production earns the reward called 'interest'?
Correct Answer:
Capital
Question 4
A bakery buys flour for $0.50 and sells a loaf made from it for $2.00. What is the added value per loaf?
Correct Answer:
$$1.50
Question 5
Which sector of industry does fish farming belong to?
Correct Answer:
Primary
Question 1
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About this Exam

Prepare with the IGCSE Business Studies Practice Questions - Cambridge IGCSE Business Studies (0450) Exam practice quiz. This question bank includes 100 questions covering business, market, product, method, and factory. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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IGCSE Business Studies Practice Questions - Cambridge IGCSE Business Studies (0450) Exam

This practice set contains 100 questions from the matching question bank and focuses on business, market, product, method, and factory. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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