Daily Practice

GCSE Business

28th November 2021

5 questions · GCSE · 503 questions in this band

1
The Dynamic Nature of Business: Spotting New Opportunities
Give one method a business would use to check that a spotted opportunity reflects genuine customer demand.
2
Reasons Why New Businesses Fail
Identify the term for a business having too little start-up finance to survive its early months.
3
Risk and Reward in Business Enterprise
Give one method an entrepreneur can use to reduce, not remove, the risk of a new venture.
4
Why businesses need finance
What term describes finance needed to cover the gap between paying suppliers and being paid by customers?
5
Cash-Flow Problems: Causes, Consequences and Solutions
Give one solution a business could use for a short-term cash-flow shortfall, other than chasing customer payments.

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