GCSE BUSINESS: MAY 2025: BUSINESS 2:
OPERATIONS, FINANCE AND INFLUENCES
ON BUSINESS FINAL TEST 2026
QUESTIONS WITH CORRECT ANSWERS
GRADED A+
◍ Aim.
Answer: The intention to reach a goal.
◍ What is the Business 2 exam?.
Answer: The Business 2 exam is worth 50% of your GCSE, covering topics
such as Operations, Finance, Influences on business, and the interdependent
nature of business.
◍ How long does the Business 2 exam last?.
Answer: The Business 2 exam lasts for 1 hour and 30 minutes.
◍ Asset.
Answer: Something the business owns; it has a value.
◍ Air pollution.
Answer: The presence or introduction of harmful substances into the air
causing disease, allergies or damage to humans, animals, plants or the built
environment.
◍ Advertising.
Answer: A method of communicating information about the product; the
business pays for advertising time/space.
◍ Consumer law.
Answer: Laws designed to ensure that businesses make products that are
, safe and of good quality, and that they deal with customers honestly and
fairly.
◍ Brand image.
Answer: The consumers' perception of the brand; its character, qualities and
shortcomings. It is developed over time and operates as a consistent theme
through advertising campaigns.
◍ Average rate of return.
Answer: The average profit for the year as a percentage of the original
investment.
◍ Business plan.
Answer: A detailed statement of how the business intends to operate, either
at start-up or during a given period of time.
◍ Competition.
Answer: The rivalry between businesses looking to sell their goods/services
in the same market.
◍ Consumer spending.
Answer: The money spent by households on goods and services to satisfy
their needs and wants.
◍ Channels of distribution.
Answer: The route the ownership of the product transfers from the seller to
the buyer; it may be a single transaction or pass through others such as
wholesalers, distributors, agents and retailers.
◍ What are the main topics covered in the Business 2 exam?.
Answer: The main topics are Operations, Finance, Influences on business,
and the interdependent nature of business.
◍ Break-even chart.
Answer: A diagrammatic representation of the costs and revenue for a
product; it plots total costs against total sales revenue, showing the
break-even point where they cross.
, ◍ Break-even output.
Answer: The point at which the business' total sales equals the total costs.
There is neither profit nor loss.
◍ Cost.
Answer: The money spent by a business on goods and services.
◍ Competitive pricing.
Answer: Setting the price of a product so that it is in line with competitors'
prices.
◍ What are the components of Operations in business?.
Answer: The components include Production processes, Quality of goods
and services, The sales process and customer service, Consumer law,
Business location, and Working with suppliers.
◍ Contracts of employment.
Answer: A legal document that sets out the terms and conditions of the job
for the employer and the employee.
◍ Customer.
Answer: Individuals, businesses or organisations that purchase
goods/services and make decisions about which supplier to choose.
◍ Disposal of waste.
Answer: The removal, storage or destruction of unwanted material. Methods
include recycling, burning and landfill sites.
◍ Cost-plus pricing.
Answer: Setting the price of a good or service at an amount higher than the
cost of producing it so that a profit is made.
◍ Cash.
Answer: Money that the business has in cash or at the bank.
◍ What are the components of Finance in business?.
Answer: The components include The role of the finance function, Sources
of finance, Revenue, costs, profit and loss, Break-even, and Cash and cash
OPERATIONS, FINANCE AND INFLUENCES
ON BUSINESS FINAL TEST 2026
QUESTIONS WITH CORRECT ANSWERS
GRADED A+
◍ Aim.
Answer: The intention to reach a goal.
◍ What is the Business 2 exam?.
Answer: The Business 2 exam is worth 50% of your GCSE, covering topics
such as Operations, Finance, Influences on business, and the interdependent
nature of business.
◍ How long does the Business 2 exam last?.
Answer: The Business 2 exam lasts for 1 hour and 30 minutes.
◍ Asset.
Answer: Something the business owns; it has a value.
◍ Air pollution.
Answer: The presence or introduction of harmful substances into the air
causing disease, allergies or damage to humans, animals, plants or the built
environment.
◍ Advertising.
Answer: A method of communicating information about the product; the
business pays for advertising time/space.
◍ Consumer law.
Answer: Laws designed to ensure that businesses make products that are
, safe and of good quality, and that they deal with customers honestly and
fairly.
◍ Brand image.
Answer: The consumers' perception of the brand; its character, qualities and
shortcomings. It is developed over time and operates as a consistent theme
through advertising campaigns.
◍ Average rate of return.
Answer: The average profit for the year as a percentage of the original
investment.
◍ Business plan.
Answer: A detailed statement of how the business intends to operate, either
at start-up or during a given period of time.
◍ Competition.
Answer: The rivalry between businesses looking to sell their goods/services
in the same market.
◍ Consumer spending.
Answer: The money spent by households on goods and services to satisfy
their needs and wants.
◍ Channels of distribution.
Answer: The route the ownership of the product transfers from the seller to
the buyer; it may be a single transaction or pass through others such as
wholesalers, distributors, agents and retailers.
◍ What are the main topics covered in the Business 2 exam?.
Answer: The main topics are Operations, Finance, Influences on business,
and the interdependent nature of business.
◍ Break-even chart.
Answer: A diagrammatic representation of the costs and revenue for a
product; it plots total costs against total sales revenue, showing the
break-even point where they cross.
, ◍ Break-even output.
Answer: The point at which the business' total sales equals the total costs.
There is neither profit nor loss.
◍ Cost.
Answer: The money spent by a business on goods and services.
◍ Competitive pricing.
Answer: Setting the price of a product so that it is in line with competitors'
prices.
◍ What are the components of Operations in business?.
Answer: The components include Production processes, Quality of goods
and services, The sales process and customer service, Consumer law,
Business location, and Working with suppliers.
◍ Contracts of employment.
Answer: A legal document that sets out the terms and conditions of the job
for the employer and the employee.
◍ Customer.
Answer: Individuals, businesses or organisations that purchase
goods/services and make decisions about which supplier to choose.
◍ Disposal of waste.
Answer: The removal, storage or destruction of unwanted material. Methods
include recycling, burning and landfill sites.
◍ Cost-plus pricing.
Answer: Setting the price of a good or service at an amount higher than the
cost of producing it so that a profit is made.
◍ Cash.
Answer: Money that the business has in cash or at the bank.
◍ What are the components of Finance in business?.
Answer: The components include The role of the finance function, Sources
of finance, Revenue, costs, profit and loss, Break-even, and Cash and cash
