Daily Practice

GCSE Business

7th February 2019

5 questions · GCSE · 503 questions in this band

1
The Importance of Quality and Identifying Quality Problems
A business sells 5,000 units a month and 3 per cent are returned at a cost of 14 pounds each. Calculate the monthly cost of returns.
2
The dynamic nature of business
Identify one risk to a business that fails to adapt to a significant change in its external environment.
3
Business ownership
Give one advantage of buying a franchise rather than starting an entirely independent business.
4
Growing the business
Give one example of an economy of scale.
5
Economic climate and business
Give one reason an entrepreneur might delay launching a new business during an economic downturn.

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