Daily Practice

GCSE Business

26th November 2020

5 questions · GCSE · 503 questions in this band

1
Business calculations: revenue, costs and profit
A shop sells 150 candles at 8 pounds each. Calculate its total revenue.
2
The purpose of business and enterprise
Give an example of a want, as opposed to a need.
3
The Role of the Entrepreneur and Generating Business Ideas
Identify one source of new business ideas, other than spotting a gap in the market.
4
Adding Value in Business
Identify why adding value can be more attractive to a business than competing purely on low price.
5
Understanding and Meeting Customer Needs
Give one disadvantage of relying only on secondary market research.

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