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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. What is a loss leader pricing type?

2. how do firms in markets with a small number of rivals compete?

3. What are the advantages and disadvantages of selling shares?

interest rates refer to the cost of borrowing money or the reward for saving money, expressed as a percentage- price competition, business ten to avoid competeing over who's is cheaper as it usually ends up in both businesses loosing money - competing by developing new products, developing new products to win customers - competing through advertising, advertising heavily- no interest payments - the owners may loose control of the company - only available to companiesa loss leader is a product sold at a loss in the hope that the customer will buy other items from the business where they make a profit

4. What are interest rates?

5. What is business planning?

6. how often do wage rates change?

7. What are post-sales services?

a loss leader is a product sold at a loss in the hope that the customer will buy other items from the business where they make a profit- no interest payments - the owners may loose control of the company - only available to companies- price competition, business ten to avoid competeing over who's is cheaper as it usually ends up in both businesses loosing money - competing by developing new products, developing new products to win customers - competing through advertising, advertising heavilypost-sales services is the meeting of customers needs after they have purchased the product - dealing quickyl and fairly with complaints - delivering products without delays - exchanging goods that are faulty or do not meet customers needs - repairing goods

8. What is a shareholder?

- no interest payments - the owners may loose control of the company - only available to companiesa shareholder is a person or an organisation that owns part of a company. each shareholder owns a share of the businessa loss leader is a product sold at a loss in the hope that the customer will buy other items from the business where they make a profit- price competition, business ten to avoid competeing over who's is cheaper as it usually ends up in both businesses loosing money - competing by developing new products, developing new products to win customers - competing through advertising, advertising heavily

9. What are the 2 different company times?

- no interest payments - the owners may loose control of the company - only available to companies- price competition, business ten to avoid competeing over who's is cheaper as it usually ends up in both businesses loosing money - competing by developing new products, developing new products to win customers - competing through advertising, advertising heavilya loss leader is a product sold at a loss in the hope that the customer will buy other items from the business where they make a profitprivate limited company(ltd) - cannot publicly advertise its shares for sale and is often owned by family members. it is possible to place restrictions on who shares can be sold to public limited company(plc) - can advertise its shares and can be listed on the stock exchange - must have share capital of over 50000. you cannot place restrictions on who shares are soldto

10. What is the exchange rate?

an exchange rate is the price of one currency expressed in terms of another- no interest payments - the owners may loose control of the company - only available to companies- price competition, business ten to avoid competeing over who's is cheaper as it usually ends up in both businesses loosing money - competing by developing new products, developing new products to win customers - competing through advertising, advertising heavilya loss leader is a product sold at a loss in the hope that the customer will buy other items from the business where they make a profit

11. What are some advantages of business expansion?

- no interest payments - the owners may loose control of the company - only available to companiesa loss leader is a product sold at a loss in the hope that the customer will buy other items from the business where they make a profit- price competition, business ten to avoid competeing over who's is cheaper as it usually ends up in both businesses loosing money - competing by developing new products, developing new products to win customers - competing through advertising, advertising heavily- It can lead to economies of scale, which are benefits that come with a larger size. - It can lead to more power in the market. - Big firms have more status and the people in charge will feel more important, especially if it has grown while they were in charge. - Big firms are more expensive to take over so those in charge might feel safer - The rewards for staff are often linked to the size of the business so they may be eager for growth

12. What are some of the effects a flat organisational structure has on communication?

- price competition, business ten to avoid competeing over who's is cheaper as it usually ends up in both businesses loosing money - competing by developing new products, developing new products to win customers - competing through advertising, advertising heavily- downward and upward communication may become easier as ther are fewer levels of hierarchy for messages to pass through - however wider spans of control may mean that line managers are responsible fore large numbers of people, this may result in more emails and fewer meetings. the quality of communication suffers as a result - giving employees greater authority within a flat organisational structure can encourage upward communication as they are more likely to exchange information with line managers - horizontal communication may become more difficult as there are more people on each of the levels of hierarchy- no interest payments - the owners may loose control of the company - only available to companiesa loss leader is a product sold at a loss in the hope that the customer will buy other items from the business where they make a profit

13. What is lean production?

14. What is an exchange?

an exchange occurs when someone gives up something in return for something elsea loss leader is a product sold at a loss in the hope that the customer will buy other items from the business where they make a profit- price competition, business ten to avoid competeing over who's is cheaper as it usually ends up in both businesses loosing money - competing by developing new products, developing new products to win customers - competing through advertising, advertising heavily- no interest payments - the owners may loose control of the company - only available to companies

15. What is a monoply?

a monoply exists when a business does not face any competition in a particular marketa loss leader is a product sold at a loss in the hope that the customer will buy other items from the business where they make a profit- no interest payments - the owners may loose control of the company - only available to companies- price competition, business ten to avoid competeing over who's is cheaper as it usually ends up in both businesses loosing money - competing by developing new products, developing new products to win customers - competing through advertising, advertising heavily

16. What is a trade union?

- no interest payments - the owners may loose control of the company - only available to companiesa trade union is a group of workers who act together to improve their pay and working conditionsa loss leader is a product sold at a loss in the hope that the customer will buy other items from the business where they make a profit- price competition, business ten to avoid competeing over who's is cheaper as it usually ends up in both businesses loosing money - competing by developing new products, developing new products to win customers - competing through advertising, advertising heavily

17. What is the boston matrix?

18. What is unlimted liability?

- no interest payments - the owners may loose control of the company - only available to companiesa loss leader is a product sold at a loss in the hope that the customer will buy other items from the business where they make a profit- price competition, business ten to avoid competeing over who's is cheaper as it usually ends up in both businesses loosing money - competing by developing new products, developing new products to win customers - competing through advertising, advertising heavilyunlimited liability means that the owner of the business and the business itself are the same legal entity meaning that the owner is entirely responsible for the businesses debt. this could lead to their own personal items being taken if they cannot pay it back.

19. What are fixed assets?

20. What are the problems of business planning?

21. What are the advantages of a company?

- no interest payments - the owners may loose control of the company - only available to companies- limited liability - better status in the eyes of some customers - continues after the death of the founders - can bring in investors- price competition, business ten to avoid competeing over who's is cheaper as it usually ends up in both businesses loosing money - competing by developing new products, developing new products to win customers - competing through advertising, advertising heavilya loss leader is a product sold at a loss in the hope that the customer will buy other items from the business where they make a profit

22. What are the 4 steps of recruitment?

1.) business needs new employees 2.) job descriptions and person specifications drawn up - data from job analysis 3.) job positions are advertised internally or externally 4.) applications are recieved and kept until the closing date- price competition, business ten to avoid competeing over who's is cheaper as it usually ends up in both businesses loosing money - competing by developing new products, developing new products to win customers - competing through advertising, advertising heavily- no interest payments - the owners may loose control of the company - only available to companiesa loss leader is a product sold at a loss in the hope that the customer will buy other items from the business where they make a profit

23. What are fair trade products?

a loss leader is a product sold at a loss in the hope that the customer will buy other items from the business where they make a profit- price competition, business ten to avoid competeing over who's is cheaper as it usually ends up in both businesses loosing money - competing by developing new products, developing new products to win customers - competing through advertising, advertising heavilyfair trade products are those for which customers pay higher prices and offer better trading terms, such as payments with orders. the aim is to improve the living standards of people in poorer countries where the products are produced.- no interest payments - the owners may loose control of the company - only available to companies

24. What effects can a business have on the environment?

a loss leader is a product sold at a loss in the hope that the customer will buy other items from the business where they make a profit- price competition, business ten to avoid competeing over who's is cheaper as it usually ends up in both businesses loosing money - competing by developing new products, developing new products to win customers - competing through advertising, advertising heavily- traffic congestion - air and noise pollution - the use of non-renewable resources such as coal and oil - global warming- no interest payments - the owners may loose control of the company - only available to companies

25. how do you measure the size of a business?

a loss leader is a product sold at a loss in the hope that the customer will buy other items from the business where they make a profit- price competition, business ten to avoid competeing over who's is cheaper as it usually ends up in both businesses loosing money - competing by developing new products, developing new products to win customers - competing through advertising, advertising heavily- no interest payments - the owners may loose control of the company - only available to companiesvalue of sales - how much market share do they have, how much profit they make value of the business - can be measured by calculating the value of its assets minus its liabilities, higher value of business= higher owner net worth number of employees - how many employess work for the business, this can usually be used when talking about charitites

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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