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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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- businesses selling to customers or to other businesses using their websites - individuals selling to other people directly through websites such as eBay- fixed costs - variable costs - total costs - total revenue- buying raw materials - wages - rent or mortage - interest on loans - taxes- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer

2. What are the advantages of using intermediaries in the distribution channel?

- buying raw materials - wages - rent or mortage - interest on loans - taxes- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer- businesses selling to customers or to other businesses using their websites - individuals selling to other people directly through websites such as eBay- fixed costs - variable costs - total costs - total revenue

3. What are some examples of cash outflow?

- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer- buying raw materials - wages - rent or mortage - interest on loans - taxes- businesses selling to customers or to other businesses using their websites - individuals selling to other people directly through websites such as eBay- fixed costs - variable costs - total costs - total revenue

4. What are the 2 types sales using electronic systems?

- businesses selling to customers or to other businesses using their websites - individuals selling to other people directly through websites such as eBay- buying raw materials - wages - rent or mortage - interest on loans - taxes- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer- fixed costs - variable costs - total costs - total revenue

5. What are some examples of products that are income elastic?

Luxury travel Fine wines New Kitchens and bathrooms Gym membership- fixed costs - variable costs - total costs - total revenue- buying raw materials - wages - rent or mortage - interest on loans - taxes- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer

6. What is employee retention?

- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer- fixed costs - variable costs - total costs - total revenue- buying raw materials - wages - rent or mortage - interest on loans - taxesemployee retention measure the proportion of employees with a given length of service(typically one year or more) expressed as a percentage of overall workforce numbers. this is often measured by calculating the number of people who have worked for the business for a certain period of time as a percentage of the total workforce

7. advantages of locating overseas?

- buying raw materials - wages - rent or mortage - interest on loans - taxes- fixed costs - variable costs - total costs - total revenue- cheaper labour - access to resources that are not easily available in the UK - financial incentives from foreign governments - avoids protectionist measures by foreign governments - the market overseas may be growing fast- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer

8. What should everyone involved in a business know about their role?

- fixed costs - variable costs - total costs - total revenue- buying raw materials - wages - rent or mortage - interest on loans - taxes- what their duties are - the person or people that ehy have to report to - the other employees in the ogranisation for whom they are responsible- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer

9. What are the financial methods of motivation?

- 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 salaries- buying raw materials - wages - rent or mortage - interest on loans - taxes- fixed costs - variable costs - total costs - total revenue- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer

10. What does collateral mean?

- buying raw materials - wages - rent or mortage - interest on loans - taxescollateral is an asses=t that a bank holds as security for the repayment of a loan- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer- fixed costs - variable costs - total costs - total revenue

11. What are the objectives of each stakerholder?

- buying raw materials - wages - rent or mortage - interest on loans - taxesemployees - 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- fixed costs - variable costs - total costs - total revenue- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer

12. What can poor customer service lead to?

- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer- buying raw materials - wages - rent or mortage - interest on loans - taxes- dissatisfied customers - problems attracting new customers - a loss of revenue and profits - cost of reimbursing customers because they have been sold the wrong items, given the wrong information or sold the wrong products- fixed costs - variable costs - total costs - total revenue

13. What is cost plus pricing?

- fixed costs - variable costs - total costs - total revenue- buying raw materials - wages - rent or mortage - interest on loans - taxescost pplus pricing is where products are priced by covering the cost of it to the retailer and adding a percentage on the top- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer

14. What is inflation?

inflation refers to the rate at which prices are increasing- fixed costs - variable costs - total costs - total revenue- buying raw materials - wages - rent or mortage - interest on loans - taxes- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer

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

16. What are the benefits of maintaining quality?

- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer- fixed costs - variable costs - total costs - total revenue- buying raw materials - wages - rent or mortage - interest on loans - taxes- customer are more likely to come back and recommend a business if they know they can trust the quality - avoiding mistakes will save money - a business should be able to charge more for a quality product because customers will pay for reliability and for the reassurance that what they buy will work and do what it is supposed to - it may improve the brand and reputation of the product

17. What is a market segment?

- fixed costs - variable costs - total costs - total revenue- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer- buying raw materials - wages - rent or mortage - interest on loans - taxesa market segment is a group of buyers with similar needs within the overall market

18. What is a zero hour contract?

- fixed costs - variable costs - total costs - total revenue- buying raw materials - wages - rent or mortage - interest on loans - taxes- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offera zero hour contract allows employers to hire staff without any guaranteed hours of work

19. in what ways will market research help manager?

market research will help managers to - identify opportunitys in markets,for example: demand for new things - weigh up different possible actions,for example: where is it best to promote the product launch - access the effectiveness of actions that have previously been taken to gather which actions should be used again and which should not- fixed costs - variable costs - total costs - total revenue- buying raw materials - wages - rent or mortage - interest on loans - taxes- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer

20. What is JIC production?

- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offerJIC production or just in case production holds stocks just in case there is a delay from supplies or a sudden unexpected increase in demand- fixed costs - variable costs - total costs - total revenue- buying raw materials - wages - rent or mortage - interest on loans - taxes

21. What are some of the costs of achieving better quality?

- buying raw materials - wages - rent or mortage - interest on loans - taxes- the costs of inspection and cheking - known as quality control - the costs of training staff to check their own quality - the costs of selecting better suppliers- fixed costs - variable costs - total costs - total revenue- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer

22. why is getting the distribution right so importantt?

- buying raw materials - wages - rent or mortage - interest on loans - taxes- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer- fixed costs - variable costs - total costs - total revenueit will effect: - sales, if a product is unavailable when and where customers wnat it, they may buy something else instead - image, if the product is sold in the wrong place then it may damage the brand and effect its sales over time. selling your brand in the wrong store could 'cheapen its value' - costs, the more intermediaries ther are the higher the final price because of all the firms involved want to make a profit

23. What are the disadvantages of JIC?

- holds stock that might go out of date or need to have price reduced to sell - higher stockholding costs as it hold stocks just in case of an increase in demand or problems with suppliers- fixed costs - variable costs - total costs - total revenue- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer- buying raw materials - wages - rent or mortage - interest on loans - taxes

24. why does poor customer service occur?

- businesses promise to much and raise customers expectations - poor communication, the level of service may not be clear to customers - poor management, the business may have the resources to fulfill the expectations but not manage them very well - staff not being allocated to the right jobs, or equipment not being used efficiently- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer- buying raw materials - wages - rent or mortage - interest on loans - taxes- fixed costs - variable costs - total costs - total revenue

25. What are some advantages of business expansion?

- 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- fixed costs - variable costs - total costs - total revenue- buying raw materials - wages - rent or mortage - interest on loans - taxes- a producer can access many thousands of customers by selling to retailers that then distribute to their own stores - intermediaries help to distribute the products widely and can save the manufacturer the costs of trying to distribute direct to many different customers in many different places - by selling its products in other stores, the producer enables the customer to compare what is on offer

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

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