Daily Practice

GCSE Business

28th September 2024

5 questions · GCSE · 503 questions in this band

1
The Role of the Entrepreneur and Generating Business Ideas
Identify one source of new business ideas, other than spotting a gap in the market.
2
Adding Value in Business
Identify why adding value can be more attractive to a business than competing purely on low price.
3
Understanding and Meeting Customer Needs
Give one disadvantage of relying only on secondary market research.
4
Business ownership structures
State the ownership structure that has one owner and unlimited liability.
5
Business aims and objectives
Give one reason a well-established plc might prioritise profit maximisation over survival.

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