Daily Practice

GCSE Business

22nd February 2020

5 questions · GCSE · 503 questions in this band

1
Business ownership
Identify which type of ownership structure allows a business to raise finance by selling shares privately to a small number of investors.
2
Growing the business
Define economies of scale.
3
Economic climate and business
Explain why businesses selling non-essential, expensive products are often affected more by a recession than businesses selling essentials.
4
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.
5
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?

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