Daily Practice

GCSE Business

5th April 2022

5 questions · GCSE · 503 questions in this band

1
Choosing and Evaluating Suppliers: Selection Criteria and Sourcing
Define single sourcing and give one advantage.
2
Improving Production Efficiency: Lean Production, Just-in-Time and Kaizen
Explain one risk of removing all buffer stock as part of lean production.
3
The Importance of Quality and Identifying Quality Problems
Explain how consistent quality supports a higher price.
4
The dynamic nature of business
Give one example of a business adapting successfully to a change in its external environment.
5
Business ownership
Explain why a growing business might change from being a sole trader to a private limited company.

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