Daily Practice

GCSE Business

22nd April 2019

5 questions · GCSE · 503 questions in this band

1
Business calculations: revenue, costs and profit
A business has fixed costs of 3,000 pounds and variable costs of 4,500 pounds. Calculate its total costs.
2
The purpose of business and enterprise
What term describes the process of identifying a gap in the market and taking the risk to fill it?
3
The Role of the Entrepreneur and Generating Business Ideas
Define entrepreneur.
4
Adding Value in Business
Define adding value in a business context.
5
Understanding and Meeting Customer Needs
State the difference between primary and secondary market research.

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