Daily Practice

GCSE Business

31st July 2024

5 questions · GCSE · 503 questions in this band

1
Economic climate and business
State the three stages of the economic, or business, cycle referred to in this topic.
2
Business calculations: revenue, costs and profit
State the formula for total revenue.
3
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.
4
The Role of the Entrepreneur and Generating Business Ideas
Define entrepreneur.
5
Adding Value in Business
Define adding value in a business context.

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