Daily Practice

GCSE Business

7th March 2020

5 questions · GCSE · 503 questions in this band

1
Improving Production Efficiency: Lean Production, Just-in-Time and Kaizen
Why does higher productivity usually reduce unit cost?
2
The Importance of Quality and Identifying Quality Problems
Distinguish between internal and external failure costs.
3
The dynamic nature of business
Give an example of a change in technology that has affected how many UK retailers operate.
4
Business ownership
State one ownership structure that is generally quicker and cheaper to set up than a private limited company.
5
Growing the business
State the difference between organic and external growth.

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