Daily Practice

GCSE Business

8th March 2023

5 questions · GCSE · 503 questions in this band

1
Economic climate and business
Give one reason an entrepreneur might delay launching a new business during an economic downturn.
2
Business calculations: revenue, costs and profit
State the formula for total revenue.
3
The purpose of business and enterprise
A market trader sells umbrellas only on days when rain is forecast. Suggest what gap in the market they are meeting.
4
The Role of the Entrepreneur and Generating Business Ideas
State one way an entrepreneur could generate a business idea without inventing something completely new.
5
Adding Value in Business
State one risk of trying to compete only by cutting price rather than adding genuine value.

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