Daily Practice

GCSE Business

28th September 2023

5 questions · GCSE · 503 questions in this band

1
Business ownership
Identify which type of ownership structure allows a business to raise finance by selling shares privately to a small number of investors.
2
Growing the business
Define economies of scale.
3
Economic climate and business
Explain why businesses selling non-essential, expensive products are often affected more by a recession than businesses selling essentials.
4
Business calculations: revenue, costs and profit
State the formula for total revenue.
5
The purpose of business and enterprise
A market trader sells umbrellas only on days when rain is forecast. Suggest what gap in the market they are meeting.

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