Daily Practice

GCSE Business

18th July 2019

5 questions · GCSE · 503 questions in this band

1
Business ownership
Give one disadvantage of an unincorporated structure such as a sole trader compared with a Ltd.
2
Growing the business
State one risk specific to growth through a merger or takeover, other than cost.
3
Economic climate and business
State the three stages of the economic, or business, cycle referred to in this topic.
4
Business calculations: revenue, costs and profit
State the formula for total revenue.
5
The purpose of business and enterprise
A market trader sells umbrellas only on days when rain is forecast. Suggest what gap in the market they are meeting.

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