Daily Practice

GCSE Business

4th June 2020

5 questions · GCSE · 503 questions in this band

1
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?
2
The Role of the Entrepreneur and Generating Business Ideas
Identify one source of new business ideas, other than spotting a gap in the market.
3
Adding Value in Business
Identify why adding value can be more attractive to a business than competing purely on low price.
4
Understanding and Meeting Customer Needs
Give one disadvantage of relying only on secondary market research.
5
Business ownership structures
State the number of owners a standard partnership usually has.

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