Daily Practice

GCSE Business

20th May 2022

5 questions · GCSE · 503 questions in this band

1
Economic climate and business
State one way a business might respond to falling consumer spending during a recession.
2
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.
3
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?
4
The Role of the Entrepreneur and Generating Business Ideas
State one quality commonly associated with successful entrepreneurs.
5
Adding Value in Business
Explain how excellent customer service can add value to a service business.

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