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Daily Practice

GCSE Business

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22nd February 2021

5 questions · GCSE · 503 questions in this band

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  1. 1
    The Role of the Entrepreneur and Generating Business Ideas

    Identify one source of new business ideas, other than spotting a gap in the market.

  2. 2
    Adding Value in Business

    Identify why adding value can be more attractive to a business than competing purely on low price.

  3. 3
    Understanding and Meeting Customer Needs

    Give one disadvantage of relying only on secondary market research.

  4. 4
    Business ownership structures

    Explain the difference between limited and unlimited liability in one sentence.

  5. 5
    Business aims and objectives

    What does the M stand for in a SMART objective?

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