Daily Practice

GCSE Business

5th April 2023

5 questions · GCSE · 503 questions in this band

1
Choosing and Evaluating Suppliers: Selection Criteria and Sourcing
A supplier charges 4.80 pounds a unit for orders under 500 and 4.20 pounds for orders of 500 or more. A business needs 480 units. Should it order 500? Explain.
2
Improving Production Efficiency: Lean Production, Just-in-Time and Kaizen
Why does higher productivity usually reduce unit cost?
3
The Importance of Quality and Identifying Quality Problems
Distinguish between internal and external failure costs.
4
The dynamic nature of business
Explain why a change in the law can force a business to change how it operates.
5
Business ownership
Identify which type of ownership structure allows a business to raise finance by selling shares privately to a small number of investors.

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