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TOPIC QUESTION - PAPER 1
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December 6, 2025 at 8:03:05 AM
May/June 2022
Version 3
1.0 Understanding Business Activity
1.2 Classification of Business
YOUR ANSWER
objective 1: they might increase prices for trips to focus on profit instead of public welfare
explanation: private sectors prioritize profit revenue over public welfare so they will make prices of trips cost to their benefit instead of the public
objective 2: they will go on routes that will make them gain revenue
explanation: instead of breaking even on bus routes private sector businesses will focus on profit gain so they will take the routes that give the most revenue
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