Daily Practice
GCSE Business
- 1The purpose of business and enterprise
Explain why most private sector businesses aim to make a profit.
- 2The Role of the Entrepreneur and Generating Business Ideas
Identify one source of new business ideas, other than spotting a gap in the market.
- 3Adding Value in Business
Identify why adding value can be more attractive to a business than competing purely on low price.
- 4Understanding and Meeting Customer Needs
Give one disadvantage of relying only on secondary market research.
- 5Business ownership structures
State the ownership structure that has one owner and unlimited liability.
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