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External influences on business activity
Practice Questions

84 CIE IGCSE Business Studies questions on External influences on business activity, each with instant feedback and a full examiner-style mark scheme.

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✨ Revision guide includes key terms, worked examples and exam technique for External influences on business activity.

Try 2 sample questions on External influences on business activity

Question 1 · 1 mark · Difficulty 1/3

Which of the following best describes a market where one firm dominates and has significant control over price?

  1. An oligopoly market
  2. A perfectly competitive market
  3. A duopoly market
  4. A monopoly market
Show answer & explanation
✓ Answer: D — A monopoly market
A monopoly exists when a single firm dominates the market and can influence or set prices. A perfectly competitive market has many firms with no price control. An oligopoly has a few large firms sharing dominance. A duopoly specifically refers to exactly two firms dominating.
Question 2 · 1 mark · Difficulty 1/3

Which of the following best defines a multinational business?

  1. A business that trades on a foreign stock exchange
  2. A business that exports goods to more than one country
  3. A business that imports raw materials from abroad
  4. A business that operates in more than one country
Show answer & explanation
✓ Answer: D — A business that operates in more than one country
A multinational business is defined as one that has operations (such as production or offices) in more than one country. Exporting alone does not make a business multinational. Importing raw materials is a trade activity, not an operational presence abroad. Trading on a foreign stock exchange relates to finance, not operational structure.
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20 questions · 25 min · free

CIE IGCSE Business Studies: External influences on business activity FAQ

Is Kramizo free for CIE IGCSE students preparing for Business Studies?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix External influences on business activity practice with other Business Studies topics or even switch to a totally different CIE subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the External influences on business activity questions aligned to the official CIE IGCSE Business Studies syllabus?
Every question is written against the published CIE IGCSE Business Studies specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CIE paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from CIE.
How is External influences on business activity typically tested on CIE IGCSE Business Studies papers?
External influences on business activity appears across multiple question types on real CIE IGCSE Business Studies papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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