Daily Practice

GCSE Business

6th March 2025

5 questions · GCSE · 503 questions in this band

1
Improving Production Efficiency: Lean Production, Just-in-Time and Kaizen
Explain what kaizen means and why employee involvement is essential to it.
2
The Importance of Quality and Identifying Quality Problems
Explain why external failure usually costs more per unit than internal failure.
3
The dynamic nature of business
Explain why a change in the law can force a business to change how it operates.
4
Business ownership
Identify which type of ownership structure allows a business to raise finance by selling shares privately to a small number of investors.
5
Growing the business
Define economies of scale.

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