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0450-19-O-N-12-1d
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TOPIC QUESTION - PAPER 1
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December 6, 2025 at 7:53:53 AM
May/June 2022
Version 3
1.0 Understanding Business Activity
1.2 Classification of Business
YOUR ANSWER
way 1: they wouldn't focus on making jobs
explanation: private sector businesses do not focus on making jobs for the unemployed and public welfare as those are objectives for the government and their public sector businesses
way 2:profit maximization
as a private entity GOP will focus on increasing efficiency as they are in constant pressure from their competitors and that will in turn increase profit
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