Daily Practice

GCSE Business

2nd August 2019

5 questions · GCSE · 503 questions in this band

1
Economic climate and business
Give one reason an entrepreneur might delay launching a new business during an economic downturn.
2
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.
3
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?
4
The Role of the Entrepreneur and Generating Business Ideas
State one way an entrepreneur could generate a business idea without inventing something completely new.
5
Adding Value in Business
State one risk of trying to compete only by cutting price rather than adding genuine value.

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