Practise Exam Papers and Mark Schemes for IB Business Management

The nature of business.

Primary, secondary, tertiary and quaternary sectors

Challenges and opportunities for starting up a business

Distinction between the private and the public sectors

The main features of the following types of organizations.

• Sole traders

• Partnerships

• Privately held companies

• Publicly held companies

The main features of the following types of for-profit social enterprises.

• Private sector companies

• Public sector companies

• Cooperatives

The main features of the following type of non-profit social enterprise.

• Non-governmental organizations (NGOs)