Daily Practice

GCSE Business

15th August 2024

5 questions · GCSE · 503 questions in this band

1
The purpose of business and enterprise
What term describes the process of identifying a gap in the market and taking the risk to fill it?
2
The Role of the Entrepreneur and Generating Business Ideas
State one way an entrepreneur could generate a business idea without inventing something completely new.
3
Adding Value in Business
State one risk of trying to compete only by cutting price rather than adding genuine value.
4
Understanding and Meeting Customer Needs
Give one example of a primary market research method.
5
Business ownership structures
State the number of owners a standard partnership usually has.

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