Daily Practice

GCSE Business

5th July 2020

5 questions · GCSE · 503 questions in this band

1
The Dynamic Nature of Business: Spotting New Opportunities
Name a UK business that grew mainly by innovating an existing product, rather than inventing something entirely new.
2
Reasons Why New Businesses Fail
State one internal cause of new business failure.
3
Risk and Reward in Business Enterprise
Explain the general relationship between risk and potential reward in business.
4
Why businesses need finance
What term describes finance needed to cover the gap between paying suppliers and being paid by customers?
5
Cash-Flow Problems: Causes, Consequences and Solutions
Give one solution a business could use for a short-term cash-flow shortfall, other than chasing customer payments.

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