Daily Practice

GCSE Business

3rd June 2023

5 questions · GCSE · 503 questions in this band

1
The dynamic nature of business
Identify one risk to a business that fails to adapt to a significant change in its external environment.
2
Business ownership
Give one advantage of buying a franchise rather than starting an entirely independent business.
3
Growing the business
Give one example of an economy of scale.
4
Economic climate and business
Give one reason an entrepreneur might delay launching a new business during an economic downturn.
5
Business calculations: revenue, costs and profit
A shop sells 150 candles at 8 pounds each. Calculate its total revenue.

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