Daily Practice

GCSE Business

26th November 2021

5 questions · GCSE · 503 questions in this band

1
Business calculations: revenue, costs and profit
Identify whether the cost of raw materials is a fixed cost or a variable cost.
2
The purpose of business and enterprise
State one reason why entrepreneurs take on risk when starting a business.
3
The Role of the Entrepreneur and Generating Business Ideas
State one quality commonly associated with successful entrepreneurs.
4
Adding Value in Business
Explain how excellent customer service can add value to a service business.
5
Understanding and Meeting Customer Needs
Explain why a business should carry out market research before launching a new product.

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