Daily Practice

GCSE Business

12th September 2024

5 questions · GCSE · 503 questions in this band

1
The Importance of Quality and Identifying Quality Problems
A business sells 5,000 units a month and 3 per cent are returned at a cost of 14 pounds each. Calculate the monthly cost of returns.
2
The dynamic nature of business
Explain why a change in the law can force a business to change how it operates.
3
Business ownership
Identify which type of ownership structure allows a business to raise finance by selling shares privately to a small number of investors.
4
Growing the business
Define economies of scale.
5
Economic climate and business
Explain why businesses selling non-essential, expensive products are often affected more by a recession than businesses selling essentials.

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