Daily Practice

GCSE Business

5th April 2021

5 questions · GCSE · 503 questions in this band

1
Choosing and Evaluating Suppliers: Selection Criteria and Sourcing
List five criteria a business uses to choose a supplier.
2
Improving Production Efficiency: Lean Production, Just-in-Time and Kaizen
Explain what kaizen means and why employee involvement is essential to it.
3
The Importance of Quality and Identifying Quality Problems
Explain why external failure usually costs more per unit than internal failure.
4
The dynamic nature of business
Identify one risk to a business that fails to adapt to a significant change in its external environment.
5
Business ownership
Give one advantage of buying a franchise rather than starting an entirely independent business.

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