Daily Practice

GCSE Business

9th November 2024

5 questions · GCSE · 503 questions in this band

1
Choosing and Evaluating Suppliers: Selection Criteria and Sourcing
Explain how credit terms can matter more than price to a small business.
2
Improving Production Efficiency: Lean Production, Just-in-Time and Kaizen
State two benefits of cell production compared with a long assembly line.
3
The Importance of Quality and Identifying Quality Problems
Why should a business look for the cause rather than fixing each faulty item?
4
The dynamic nature of business
Identify one risk to a business that fails to adapt to a significant change in its external environment.
5
Business ownership
Give one advantage of buying a franchise rather than starting an entirely independent business.

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