Daily Practice

GCSE Business

16th October 2018

5 questions · GCSE · 503 questions in this band

1
Business planning
State one section usually included in a business plan.
2
The Dynamic Nature of Business: Spotting New Opportunities
Give one method a business would use to check that a spotted opportunity reflects genuine customer demand.
3
Reasons Why New Businesses Fail
Identify the term for a business having too little start-up finance to survive its early months.
4
Risk and Reward in Business Enterprise
Give one method an entrepreneur can use to reduce, not remove, the risk of a new venture.
5
Why businesses need finance
A start-up needs 6,000 pounds for equipment and 2,000 pounds for its first order of stock. Calculate its total start-up finance requirement.

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