Daily Practice
GCSE Business
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16th June 2024
- 1Choosing and Evaluating Suppliers: Selection Criteria and Sourcing
Give one reason a business might publicise its supplier standards.
- 2Improving Production Efficiency: Lean Production, Just-in-Time and Kaizen
Define lean production.
- 3The Importance of Quality and Identifying Quality Problems
Give three ways a business can identify quality problems.
- 4The dynamic nature of business
Explain why a change in the law can force a business to change how it operates.
- 5Business 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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