Daily Practice

GCSE Business

23rd January 2021

5 questions · GCSE · 503 questions in this band

1
Growing the business
Define overtrading.
2
Economic climate and business
Identify what typically happens to unemployment during a recession.
3
Business calculations: revenue, costs and profit
Identify whether the cost of raw materials is a fixed cost or a variable cost.
4
The purpose of business and enterprise
State one reason why entrepreneurs take on risk when starting a business.
5
The Role of the Entrepreneur and Generating Business Ideas
Give one reason creativity is a valuable quality for an entrepreneur.

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