GCSE Business Questions | Practice Test / Quiz / MCQs

Home > CompTIA Security+ > Quizzes > GCSE Business Questions

GCSE Business Questions

Fast practice, instant feedback. Timer auto-submits when time’s up.

Avg score: 82% • Most missed: “What is a customer?”

GCSE business syllabus covers how the major types of business organisation are established, financed and run, and how their activities are regulated. Factors influencing business decision-making are also considered, as are the essential values of cooperation and interdependence.

GCSE business syllabus not only covers business concepts and techniques but also enhance related skills such as numeracy and enquiry.

GCSE Business Questions

Time left 00:00

25 Questions

1. What is the promotional mix?

step 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arr- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsthe promotional mix is the combination of promotional methods used by a business to communicate with its customersFinance- meaning the money going in and out of the business. what price to set and how and where customers will want to buy it, the nature of the product, how to promote its benefits etc. operations- meaning how the business is run, what is involved in the production of the product Marketing- meaning how to promote the products, what will customers like to buy Human resources- meaning the people who work for the business (managing people), training staff, deciding their reward.

2. how do you calculate the ARR for an investment project?

Finance- meaning the money going in and out of the business. what price to set and how and where customers will want to buy it, the nature of the product, how to promote its benefits etc. operations- meaning how the business is run, what is involved in the production of the product Marketing- meaning how to promote the products, what will customers like to buy Human resources- meaning the people who work for the business (managing people), training staff, deciding their reward.- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsthe promotional mix is the combination of promotional methods used by a business to communicate with its customersstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arr

3. how do the suppliers effect a business?

- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsthe promotional mix is the combination of promotional methods used by a business to communicate with its customersstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arrFinance- meaning the money going in and out of the business. what price to set and how and where customers will want to buy it, the nature of the product, how to promote its benefits etc. operations- meaning how the business is run, what is involved in the production of the product Marketing- meaning how to promote the products, what will customers like to buy Human resources- meaning the people who work for the business (managing people), training staff, deciding their reward.

4. What are the 4 functions of a business?

- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arrthe promotional mix is the combination of promotional methods used by a business to communicate with its customersFinance- meaning the money going in and out of the business. what price to set and how and where customers will want to buy it, the nature of the product, how to promote its benefits etc. operations- meaning how the business is run, what is involved in the production of the product Marketing- meaning how to promote the products, what will customers like to buy Human resources- meaning the people who work for the business (managing people), training staff, deciding their reward.

5. What is cash flow?

the promotional mix is the combination of promotional methods used by a business to communicate with its customers- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arrcash flow is the money that flows into and out of a business on a day-today basis

6. What are 4 things market research will help you gather information about?

step 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arrthe promotional mix is the combination of promotional methods used by a business to communicate with its customers- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsdemand,for example, the size and growth of the market and the different segments that exist within the overall market market share, the sales of each producer as a percentage of total sales in the market competition, number and size of competitors and their share of the total market sales target market, a business is unlikely to try and target everyone within a market so it will focus of specific groups, by doing this a business can make its activites more targeted and give itself a different position in the market compared to competitiors

7. What happens if the levels of output are above break even?

the promotional mix is the combination of promotional methods used by a business to communicate with its customersat these higher levels of production, total revenue will be higher than total costs meaning that the business will make a profit- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arr

8. What are the 2 main financial statements used in business?

step 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arr- income statement - statements of financial position or balance sheet These two financial statements give a range of business stakeholders an understanding of the financial performance of a business at a given point in time. As part of these financial documents, businesses will also consider their gross and net profit margins, two key pieces of financial information required to understand business performance.- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsthe promotional mix is the combination of promotional methods used by a business to communicate with its customers

9. What are the 3 types of communication?

- downward communication from senior employees to more junior ones - upward communication from junior employees to their line managers and other more senior employees - horizontal communication, which takes place between employees at the same level in the organisation - a discussion between managersstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arrthe promotional mix is the combination of promotional methods used by a business to communicate with its customers- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit margins

10. What are some things you could use to determine whether a business is ethical or not?

the promotional mix is the combination of promotional methods used by a business to communicate with its customersStakeholders such as consumers, employees, shareholders and people who live close to the business may ask questions such as: - Are suppliers (especially small businesses) paid on time, or payment - Are employees treated fairly? Are they paid well? Is child labor used in overseas factories? - Are consumers, aware of the materials used to make products? - is the business advertising truthful and fair? are its products harmful?- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arr

11. who are the a few people that are included in the distribution channel?

the promotional mix is the combination of promotional methods used by a business to communicate with its customers- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arr- producers - suppliers of the good or service - wholesalers - retailers, shops that sell direct to the customer

12. What does stock mean?

step 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arr- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsthe promotional mix is the combination of promotional methods used by a business to communicate with its customersstock is a general term used to identify the ownership certificates of any company

13. What are protectionist measures?

protectionist measures are policies that governments use to protect their own businesses against foreign competition- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsthe promotional mix is the combination of promotional methods used by a business to communicate with its customersstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arr

14. What are 2 things a business should consider when dealing with stakeholders?

- how it communicates with them - does it need to keep them informed - whether it should involve different stakeholders in discusions- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arrthe promotional mix is the combination of promotional methods used by a business to communicate with its customers

15. What are the 2 mains types of motivation for people?

- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsthe promotional mix is the combination of promotional methods used by a business to communicate with its customersstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arr- motivation through money - wanting to become richer, get promoted and earn more - motivation through non-financial factors such as praise or the opportunity to carry out a more interesting job

16. [...] = sales of the product/total market sales x 100?

the promotional mix is the combination of promotional methods used by a business to communicate with its customersstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arr- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsmarket share = sales of the product/total market sales x 100

17. What is business planning?

18. What are the disadvantages of direct marketing?

- need to be able to distribute to a much wider range of destinations; logistical and cost issues - need to be able to handle returned goods; becuase customers cannot try on or touch items, they are more likely to return them - need to ensure the security of the site and protect customers data: logistical and cost issues when distributing overseas raises the price of products and can impact on competitivenessstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arrthe promotional mix is the combination of promotional methods used by a business to communicate with its customers- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit margins

19. What is a want?

- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arrthe seire for a particular product that is not nesscary for your survivalthe promotional mix is the combination of promotional methods used by a business to communicate with its customers

20. What is job analysis?

job analysis is the collection and interpretation of information about a jobthe promotional mix is the combination of promotional methods used by a business to communicate with its customersstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arr- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit margins

21. What is an enterprise?

the promotional mix is the combination of promotional methods used by a business to communicate with its customersan enterprise is another word for a business, it also refers to the skills of the people involved in the business to identify business oportunites and bring together resources to mett these opporunities- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arr

22. What is uncertainty?

- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arruncertaint occurs when there is a lack of information about a situation. this means the outcome or consequences are very difficult to predictthe promotional mix is the combination of promotional methods used by a business to communicate with its customers

23. What are a few things surveys can include?

- telephone surveys - questionaires - customers/supplier feedback - focus groups - internet research - printed press, such as newspapers and magazines- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arrthe promotional mix is the combination of promotional methods used by a business to communicate with its customers

24. What are the disadvantages of business expansion?

- Decision-making becomes slower because there are so many people to consult in a big business. - Employees may feel isolated because there are so many of them and they no longer feel special an important part of the organization - Controlling and coordinating a business that has many clients or products and that is possibly based in many different places can difficult and may be less efficient.- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arrthe promotional mix is the combination of promotional methods used by a business to communicate with its customers

25. What is a market segment?

- a suppliers reliability is a very important on a business, what time their deliveries are can effect a businesses profit and plan - if a supplier can produce and deliver quickly and reliably, a business can hold relatively little stock because it can be replaced; this reduces its stockholding costs - if a supplier provides good-quality products, this will help the reputation and quality of business. it will not have problems with defects and returned items - if the supplier can produce efficiently, this will help reduce the costs of the business and enable it to provide its products at a better price or increase its own profit marginsthe promotional mix is the combination of promotional methods used by a business to communicate with its customersstep 1: total profits divided by number of years give average yearly profit step 2: average yearly x 100 divided by cost of investment project gives arra market segment is a group of buyers with similar needs within the overall market

⚡ Recently practiced quizzes in this topic

Live quiz activity

SY0-501 CompTIA Security+ Certification Exam SY0-501 CompTIA Security+ Certification Exam - Practice Test 2 SY0-401 Exam: CompTIA Security+ CS0-001 Exam: CompTIA Cybersecurity Analyst (CySA+)

25 Questions

❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.

25 Questions

❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know? Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com