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GCSE Business Questions

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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

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1. ?

employees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their moneya franchisor sells a franchise usually in return for a fee and percentage of turnoverNone of the abovea CV or curriculumn vitae provides information about a person, including qualifications, employment history and interests

2. What is a CV?

employees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their moneya CV or curriculumn vitae provides information about a person, including qualifications, employment history and interestsa trade union is a group of workers who act together to improve their pay and working conditionsa franchisor sells a franchise usually in return for a fee and percentage of turnover

3. What are the objectives of each stakerholder?

a franchisor sells a franchise usually in return for a fee and percentage of turnoveremployees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their moneya trade union is a group of workers who act together to improve their pay and working conditionsa CV or curriculumn vitae provides information about a person, including qualifications, employment history and interests

4. What is a franchisor?

a CV or curriculumn vitae provides information about a person, including qualifications, employment history and interestsa franchisor sells a franchise usually in return for a fee and percentage of turnoveremployees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their moneya trade union is a group of workers who act together to improve their pay and working conditions

5. What is a trade union?

6. What are the factors influencing price?

a CV or curriculumn vitae provides information about a person, including qualifications, employment history and interests- costs - has to be high enough to make a profit - demand - is it high or low - competitors pricing - stage in the product life cycle - the price can vary depending on which stage the business is at in the product life cycle. growth phase kepp high price, decline phase lower price - strength of the brand - nature of the market and rest of the marketing mix - price must fit in with the rest of the marketing mix, if many firms are selling similar products then prices have to be competitive. if a business offers something very different then they may be able to charge higher - the business's objectives and approach to pricinga franchisor sells a franchise usually in return for a fee and percentage of turnoveremployees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their money

7. What is the deed of partnership?

employees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their moneya CV or curriculumn vitae provides information about a person, including qualifications, employment history and intereststhe deed of partnership is an agreement between partners that sets out the rules of the partnership, such as how the profits will be divided and how the partnership will be valued if someone wants to leavea franchisor sells a franchise usually in return for a fee and percentage of turnover

8. What are the advantages of direct marketing?

a franchisor sells a franchise usually in return for a fee and percentage of turnover- customers can order any time - customers can order from home - customers can order from anywhere in the world potentiallya CV or curriculumn vitae provides information about a person, including qualifications, employment history and interestsemployees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their money

9. What are the 4 categories of products and what do they mean?

employees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their moneydog product - has a low market share in a low growth market cash cow - product has a high market share in a low growth market question marks - product has a low market share in a fast growth market star - a star product has a high market share in a fast growth marketa CV or curriculumn vitae provides information about a person, including qualifications, employment history and interestsa franchisor sells a franchise usually in return for a fee and percentage of turnover

10. What are the drawbacks of globalisation?

Threat of a takeover UK businesses are under increased threat of takeovers as a result of globalization. Buying a UK business is quick way for a MNC to acquire a well- known brand and gain a foothold in the UK Market. New competitors UK businesses are exposed to fierce competition form overseas forms as a consequence of globalization. This can place them under pressure to sell at lower prices. Fierce competition New competitors are also emerging as a result of globalization. The emergence of new competitors makes it more difficult for businesses to increase, or even maintain, their market shares.a CV or curriculumn vitae provides information about a person, including qualifications, employment history and interestsemployees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their moneya franchisor sells a franchise usually in return for a fee and percentage of turnover

11. What are non-current liabilities?

employees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their moneya CV or curriculumn vitae provides information about a person, including qualifications, employment history and interestsa franchisor sells a franchise usually in return for a fee and percentage of turnoverLong-term (non-current) liabilities is money borrowed that is paid back in more than a year, for example mortgages or a long-term bank loan.

12. What are 2 things a manger considers before putting their product out there?

a CV or curriculumn vitae provides information about a person, including qualifications, employment history and interestsa franchisor sells a franchise usually in return for a fee and percentage of turnoveremployees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their moneythe size of the market, how big the market is in terms of the number of sales and how big in terms of sales value) he growth of the market, for example: if the sales in the market last year were 200000 units and this year are 220000 unite(10 percent growth)

13. What effects does a rise in exchange rate have?

a CV or curriculumn vitae provides information about a person, including qualifications, employment history and interestsa franchisor sells a franchise usually in return for a fee and percentage of turnoveremployees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their money- products imported from other countries become cheaper - UK exports overseas more expensive become cheaper. Export sales are, therefore, likely to decline.

14. What are the 4 things that the consumer rights act cover?

a franchisor sells a franchise usually in return for a fee and percentage of turnoveremployees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their moneyproduct quality, requires staisfactory quality returning goods, they have the right to reject or return goods repairs and replacements, this law protects consumers against products going missing before delivery delivery ratesa CV or curriculumn vitae provides information about a person, including qualifications, employment history and interests

15. how do the suppliers effect a business?

a CV or curriculumn vitae provides information about a person, including qualifications, employment history and interestsemployees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their money- 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 marginsa franchisor sells a franchise usually in return for a fee and percentage of turnover

16. What does digital communication mean for customers and potential customers?

a CV or curriculumn vitae provides information about a person, including qualifications, employment history and interestsDigital communication means that business have far more contact with customers and possible customers than in the past. They help business to communicate in different ways. this means that a business can reach more people and make more satisfied productsa franchisor sells a franchise usually in return for a fee and percentage of turnoveremployees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their money

17. What are the financial methods of motivation?

a franchisor sells a franchise usually in return for a fee and percentage of turnover- salaries - wages - piecework - commission - this is a payment made to an employee based on the level of sales he or she has made over a given time period - profit sharing - under this methods, employees recieve a share of the business's profits alongside their normal wages or salariesemployees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their moneya CV or curriculumn vitae provides information about a person, including qualifications, employment history and interests

18. What is a need?

a need is a basic human requirement, like food or water that is needed to survivea franchisor sells a franchise usually in return for a fee and percentage of turnovera CV or curriculumn vitae provides information about a person, including qualifications, employment history and interestsemployees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their money

19. how do businesses sellect employees?

a franchisor sells a franchise usually in return for a fee and percentage of turnover- interviews - psychometric tests, finding out more about their personality and to see whether it would fit the job - assesment centers - practical tasks for candidate to complete, interviews, role plays simulating the job itselfa CV or curriculumn vitae provides information about a person, including qualifications, employment history and interestsemployees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their money

20. What are global markets?

employees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their moneyglobal markets are made up of customers from across the worlda CV or curriculumn vitae provides information about a person, including qualifications, employment history and interestsa franchisor sells a franchise usually in return for a fee and percentage of turnover

21. What are sales promotions?

22. What are promotional activities?

a CV or curriculumn vitae provides information about a person, including qualifications, employment history and interestsa franchisor sells a franchise usually in return for a fee and percentage of turnoverpromotional activities are the different ways in which a firm tries to communicate with its customersemployees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their money

23. What are the benefits of off-the-job?

employees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their moneya franchisor sells a franchise usually in return for a fee and percentage of turnovera CV or curriculumn vitae provides information about a person, including qualifications, employment history and interests- off-the-job training can help to bring new ideas and aproaches into a business - valuable in industries likedeveloping computer software - off-the-job training is expensive and can be used to motivate employees, they feel valued as their employer is spending alot of money on them

24. What is piecework?

piecework is a method of payment under which employees are paid according to the quantity of products they produceemployees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their moneya franchisor sells a franchise usually in return for a fee and percentage of turnovera CV or curriculumn vitae provides information about a person, including qualifications, employment history and interests

25. What is forward vertical integration?

when a firm joins with its distributersemployees - secure jobs, get higher earnings owners/shareholders - high dividends and share price local community - local jobs, minimise impact on the community government - legal behaviour, make sure taxes are paid, growth suppliers - make sure they are paid on time, kept informed of any changes to the business customers - useful, accurate information on product, good service, value for their moneya franchisor sells a franchise usually in return for a fee and percentage of turnovera CV or curriculumn vitae provides information about a person, including qualifications, employment history and interests

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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