Daily Practice

GCSE Business

24th December 2022

5 questions · GCSE · 503 questions in this band

1
Improving Production Efficiency: Lean Production, Just-in-Time and Kaizen
Why does higher productivity usually reduce unit cost?
2
The Importance of Quality and Identifying Quality Problems
Distinguish between internal and external failure costs.
3
The dynamic nature of business
Give one example of a business adapting successfully to a change in its external environment.
4
Business ownership
Explain why a growing business might change from being a sole trader to a private limited company.
5
Growing the business
Define overtrading.

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