Page 471 - Cambridge IGCSE Business Studies
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IGCSE Business Studies Student CD-ROM
Section 4 – Revision questions
Two-mark questions
1 What is meant by ‘production’?
2 Identify two inputs of the production process.
3 A business produced 50,000 units of output last year. It employs 40 production workers. Calculate the labour
productivity for last year.
4 Identify two methods of production.
5 Identify two ways technology might be used to improve the production process.
6 Identify two limitations of not holding stocks.
7 What is meant by ‘lean production’?
8 Identify one benefit and one limitation of technology to workers.
9 Identify two examples of fixed costs.
10 What is meant by ‘total cost’?
11 A business produced 5,000 units of output at a total cost of $75,000. Calculate the average cost.
12 What is meant by ‘diseconomies of scale’?
13 What is meant by ‘break-even point’?
14 What is meant by ‘margin of safety’?
15 Identify two limitations of break-even charts.
16 What is meant by ‘quality’?
17 Identify two methods of achieving quality production.
18 Identify two factors that influence business location.
19 Identify two reasons why a business might decide to locate in another country.
20 Identify two legal controls affecting location decisions.
© Cambridge University Press 2014 IGCSE Business Studies Section 4 – Revision questions 1
