Business Studies (Preliminary) Questions and Correct Answers/ Latest Update / Already Graded

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Business Studies (Preliminary) Questions and Correct Answers/ Latest Update / Already Graded

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2025/2026

Institution Business Studies

Course Business Studies

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Business Studies (Preliminary) Questions and Correct Answers/ Latest Update / Already Graded

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Business Studies (Preliminary) Questions
and Correct Answers/ Latest Update /
Already Graded
Role of a Business

Ans: Profit, Employment, Income, Choice, Innovation,
Entrepreneurship and Risk, Wealth, Quality of Life

Size

Ans: Micro, Small, Medium, Large

Reach

Ans: Local, National, Global

Industry

Ans: Primary, Secondary, Tertiary, Quaternary, Quinary

Legal Structure

Ans: Sole Trader, Partnership, Public, Private, Government
Organisation

All rights reserved © 2025/ 2026 |

, Page |2

Factors Influencing Legal Structure

Ans: Size, Ownership, Finance

External Influences

Ans: Economical, Financial, Geographical, Social, Legal,
Polictical, Institutional, Technological, Competitive Situation,
Markets

Internal Influences

Ans: Products, Location, Resources, Management, Business
Culture

Stages of Business Life

Ans: Establishment, Growth, Maturity, Post-Maturity

Factors that can lead to Business Decline

Ans: Global Competition, Lack of Funds, Overdependence on a
single customer, Poor management, Poor employees, Poor
location, Natural disasters

Cessation

All rights reserved © 2025/ 2026 |

Document information

Uploaded on: September 21, 2025
Number of pages: 15
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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