Daily Practice

GCSE Business

28th October 2018

5 questions · GCSE · 503 questions in this band

1
The dynamic nature of business
State one reason a change in consumer tastes might force a food business to change its menu.
2
Business ownership
Give one disadvantage of an unincorporated structure such as a sole trader compared with a Ltd.
3
Growing the business
State one risk specific to growth through a merger or takeover, other than cost.
4
Economic climate and business
State the three stages of the economic, or business, cycle referred to in this topic.
5
Business calculations: revenue, costs and profit
Identify whether the cost of raw materials is a fixed cost or a variable cost.

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