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Terry
0450-19-O-N-12-1d
Chan
TOPIC QUESTION - PAPER 1
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Chan
May 17, 2026 at 7:36:21 AM
May/June 2022
Version 3
1.0 Understanding Business Activity
1.2 Classification of Business
YOUR ANSWER
Way 1: GOP would want to maximize profit
Explanation: As private sector corporations are profit motive, GOP would want to generate the most profit. They can do so by reducing cost or selling oil at a high price as Country X do not need to import oil.
Way 2: GOP may move their operation abroad
Explanation: Due to pressure by environmental pressure groups, GOP may move their operations abroad as their objectives are not to serve the country unlike a public corporation.
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