Daily Practice

GCSE Business

8th May 2023

5 questions · GCSE · 503 questions in this band

1
Risk and Reward in Business Enterprise
Give one method an entrepreneur can use to reduce, not remove, the risk of a new venture.
2
Why businesses need finance
Is buying a delivery van a capital expenditure or a revenue expenditure? Explain your answer.
3
Cash-Flow Problems: Causes, Consequences and Solutions
Give one consequence a business could face if it runs out of cash to pay its suppliers.
4
Cash Versus Profit and the Importance of Working Capital
Why is cash considered more liquid than stock, even though both can be current assets?
5
Calculating Gross Profit Margin and Net Profit Margin
A business has revenue of 25,000 pounds, cost of sales of 15,000 pounds and expenses of 6,000 pounds. Calculate its gross profit margin and net profit margin.

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