Higher business Exam 2025 ACTUAL EXAM COMPLETE QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
1. primary sector -exploiting natural resources
-e.g farming, mining and oil drilling
2. secondary sec- -manufacturing and construction, turning
tor resources > goods
-e.g electronics, car production
3. tertiary sector -providing services
-e.g hospital, banks, hotels
4. quaternary sec- -providing information/knowledge based services
tor -e.g ICT, consultancy
5. adding val- -business adds value moving through each sector
ue/chain of of in- dustry
pro- duction
6. private sector -aim to maximise profits, earn profits
7. public sector -government owned, aim to provide service like
NHS
8. third sector -provide goods or services to benefit others like
charities or voluntary orgs
9. private limited -limited liability (owners possessions not at risk,
companies (ltd) owner loses investments when in debt)
-owners are called shareholders (1 or more shares
within business)
-shares aren't to public, they are sold PRIVATELY
e.g employees
-aim to maximise profits, grow, increase market
share
-controlled by BOD
10. ltd adv -ownership not lost to outsiders
-close, friendly and high lvl customer service
-expertise gained from BOD
To get this or any other Exam contact ()
, Higher business Exam 2025 ACTUAL EXAM COMPLETE QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
11. ltd disadv -profit split with shareholders (dividends)
-complicated legal process
-shares not public, limited source of capital
To get this or any other Exam contact ()
VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
1. primary sector -exploiting natural resources
-e.g farming, mining and oil drilling
2. secondary sec- -manufacturing and construction, turning
tor resources > goods
-e.g electronics, car production
3. tertiary sector -providing services
-e.g hospital, banks, hotels
4. quaternary sec- -providing information/knowledge based services
tor -e.g ICT, consultancy
5. adding val- -business adds value moving through each sector
ue/chain of of in- dustry
pro- duction
6. private sector -aim to maximise profits, earn profits
7. public sector -government owned, aim to provide service like
NHS
8. third sector -provide goods or services to benefit others like
charities or voluntary orgs
9. private limited -limited liability (owners possessions not at risk,
companies (ltd) owner loses investments when in debt)
-owners are called shareholders (1 or more shares
within business)
-shares aren't to public, they are sold PRIVATELY
e.g employees
-aim to maximise profits, grow, increase market
share
-controlled by BOD
10. ltd adv -ownership not lost to outsiders
-close, friendly and high lvl customer service
-expertise gained from BOD
To get this or any other Exam contact ()
, Higher business Exam 2025 ACTUAL EXAM COMPLETE QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
11. ltd disadv -profit split with shareholders (dividends)
-complicated legal process
-shares not public, limited source of capital
To get this or any other Exam contact ()
