Daily Practice

GCSE Business

17th July 2021

5 questions · GCSE · 503 questions in this band

1
Business ownership
Explain why a growing business might change from being a sole trader to a private limited company.
2
Growing the business
Define overtrading.
3
Economic climate and business
Identify what typically happens to unemployment during a recession.
4
Business calculations: revenue, costs and profit
A business has fixed costs of 3,000 pounds and variable costs of 4,500 pounds. Calculate its total costs.
5
The purpose of business and enterprise
What term describes the process of identifying a gap in the market and taking the risk to fill it?

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