Year 10 Business Studies Topic 1: What is a Small Business Key Features of Business Read handout: Key Features of Businesses Write all Questions and answer them 1. List the features, which determine if a business is small, medium or large? 2. a) Why is the number of employees within a business important? b) Draw figure 2.6 and label accurately 3. a) There are two main types of legal structures of private businesses. List and explain each one. b) Draw figure 2.7 and label accurately 4. a) List the three classifications of business activities. b) How are the three classifications linked to the transformation of natural resources into goods and services? 5. Explain the terms quaternary and quinary. 6. Complete the following table in your books Sector Type of Business Primary Secondary Tertiary Quaternary Quinary 7. What is the difference between the public and private sector? Provide examples. 8. Define privatisation 9. Complete Activity 2.3 p.14 (Paste case studies into your books) and answer the questions for each case. 10. Complete Activity 2.4 p.16 (Draw the table into your books and complete)