When classifying a business by activity, what should you focus on?
Its ownership: private individuals or the government.
Its main work: producing goods or providing services.
Its legal structure: sole trader, partnership or company.
Its business size: number of employees and sales revenue.
Flashcards for Edexcel IGCSE Business Classification of businesses, covering the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2. 20 cards, matched to the Edexcel IGCSE Business (4BS1) specification.
