SEP operates in the tertiary sector．As a social enterprise，SEP has many objectives．It collects old books from libraries and schools and sells them to customers at a low price．SEP provides training for its 10 part－time employees．SEP＇s manager wants to know how the introduction of a legal minimum wage might affect a business．（a）Identify two services provided by businesses in the tertiary sector． Service 1： Service 2： .......................................................................................................................................

Business

IGCSE&ALevel

CAIE

Exam No：0450_m25_qp_12 Year：2025 Question No：4(a)

Answer:

Award 1 mark for each relevant service. [max 2].
Points might include:
- Banking
- Retailing
- Hotels
- Holidays/tourism
- Restaurant
- Insurance
- Accountancy
- Advertising
- Hairdressing
- Entertainment
- Transporting
- Legal services
- Education
- Healthcare/medical/hospitals

Other appropriate responses should be credited.

Knowledge points:

1.2.1.1 Basis of business classification, using examples to illustrate the classification

1.2.1.2 Reasons for the changing importance of business classification, e.g. in developed and developing economies

1.2.2 Classify business enterprises between private sector and public sector in a mixed economy

Answer:

Knowledge points:

Solution:

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