Daily Practice
GCSE Business
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18th July 2020
- 1The Role of the Entrepreneur and Generating Business Ideas
State one way an entrepreneur could generate a business idea without inventing something completely new.
- 2Adding Value in Business
State one risk of trying to compete only by cutting price rather than adding genuine value.
- 3Understanding and Meeting Customer Needs
Give one example of a primary market research method.
- 4Business ownership structures
State the ownership structure that has one owner and unlimited liability.
- 5Business aims and objectives
Give one reason a well-established plc might prioritise profit maximisation over survival.
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