Daily Practice

GCSE Business

8th February 2020

5 questions · GCSE · 503 questions in this band

1
Business calculations: revenue, costs and profit
State the formula for total revenue.
2
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.
3
The Role of the Entrepreneur and Generating Business Ideas
Give one reason creativity is a valuable quality for an entrepreneur.
4
Adding Value in Business
State one method a business can use to add value to its product.
5
Understanding and Meeting Customer Needs
State one characteristic a business might use to segment its market.

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