Daily Practice

GCSE Business

10th December 2022

5 questions · GCSE · 503 questions in this band

1
Business ownership
Give one advantage of buying a franchise rather than starting an entirely independent business.
2
Growing the business
Give one example of an economy of scale.
3
Economic climate and business
Give one reason an entrepreneur might delay launching a new business during an economic downturn.
4
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.
5
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?

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