F3 BST OPENER TERM 3 2026 MS
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Word Editable SampleFORM 3 TERM 3 OPENER EXAM 2026
BUSINESS STUDIES
MARKING SCHEME
1. (20 MARKS)
(a) Scarcity: the limited nature of resources relative to unlimited human wants – 2.
(b) Any four:
price, income,
tastes/preferences,
prices of substitutes/complements,
population,
expectations – 4.
(c) Internal trade occurs within a country's boundaries; external trade occurs between countries – 2.
(d) Any four:
identifiable demand,
profitability, feasibility, availability of resources, sustainability, uniqueness – 4.
(e) Any four:
This document is professionally prepared and verified for Form 3 (Secondary (8-4-4)) • Term 3.
- Competency-driven teacher inquiry models
- Guiding questions for active learner engagement
- Real-life problem-solving applications
- Formative & summative assessment indicators
- Performance levels (Exceeding, Meeting, Approaching)
- Practical assessment task breakdowns
