Daily Practice

GCSE Business

13th October 2024

5 questions · GCSE · 503 questions in this band

1
Understanding and Meeting Customer Needs
Explain why a business should carry out market research before launching a new product.
2
Business ownership structures
Explain the difference between limited and unlimited liability in one sentence.
3
Business aims and objectives
What does the M stand for in a SMART objective?
4
Stakeholders and their conflicting interests
Identify whether shareholders are internal or external stakeholders.
5
Business location decisions
Give one non-financial factor, other than transport, that might influence a service business's location choice.

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