Daily Practice

GCSE Business

6th April 2023

5 questions · GCSE · 503 questions in this band

1
Growing the business
Define economies of scale.
2
Economic climate and business
Explain why businesses selling non-essential, expensive products are often affected more by a recession than businesses selling essentials.
3
Business calculations: revenue, costs and profit
Explain the two ways a business can increase its profit.
4
The purpose of business and enterprise
State the difference between a good and a service.
5
The Role of the Entrepreneur and Generating Business Ideas
Explain why determination matters when starting a new business.

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