Daily Practice

GCSE Business

27th October 2021

5 questions · GCSE · 503 questions in this band

1
The dynamic nature of business
Explain why a change in the law can force a business to change how it operates.
2
Business ownership
Identify which type of ownership structure allows a business to raise finance by selling shares privately to a small number of investors.
3
Growing the business
Define economies of scale.
4
Economic climate and business
Explain why businesses selling non-essential, expensive products are often affected more by a recession than businesses selling essentials.
5
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.

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