Daily Practice

GCSE Business

22nd March 2023

5 questions · GCSE · 503 questions in this band

1
The dynamic nature of business
Give one example of a business adapting successfully to a change in its external environment.
2
Business ownership
Explain why a growing business might change from being a sole trader to a private limited company.
3
Growing the business
Define overtrading.
4
Economic climate and business
Identify what typically happens to unemployment during a recession.
5
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.

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