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AQA GCSE BUSINESS PRACTICE EXAMINATION 2026 QUESTIONS WITH ANSWERS GRADED A+

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AQA GCSE BUSINESS PRACTICE EXAMINATION 2026 QUESTIONS WITH ANSWERS GRADED A+

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AQA GCSE BUSINESS PRACTICE
EXAMINATION 2026 QUESTIONS WITH
ANSWERS GRADED A+

◍ Current assets.
Answer: Items that a business owns but is not expected to keep for more
than one year, such as cash and stock.
◍ Organisational chart.
Answer: A plan showing the roles of, and relationships between, all the
employers in a business.
◍ Span of control.
Answer: The number of employees managed directly by a manager.
◍ Promotional activities.
Answer: The different ways in which a firm tries to communicate with its
customers.
◍ Total Quality Management.
Answer: Involves all employees in the process of preventing mistakes in
order to achieve zero defects.
◍ Quota.
Answer: A limit on the number of foreign goods imported into a country.
◍ Centralisation.
Answer: Occurs when a small number of senior managers in a business take
all the important decisions.
◍ Kaizen.
Answer: Means 'continuous improvement'. It is an approach to production
that aims to achieve change from a series of small steps.

, ◍ Levels of hierarchy.
Answer: The layers of authority in a business.
◍ Quality.
Answer: Involves meeting customer requirements.
◍ Collateral.
Answer: An asset that a bank holds as security for the repayment of a loan.
◍ Product life cycle.
Answer: Shows how the sales of a product may change over time.
◍ Digital Commmunication.
Answer: The transmission of information electronically between computing
devices.
◍ Stock.
Answer: Raw materials that have not yet been used or products that have
been made but not sold.
◍ Line manager.
Answer: An employee's intermediate superior or boss.
◍ Interest.
Answer: A payment made in order to borrow money. It means that a
business pays back more than it owes.
◍ Induction training.
Answer: The training given to an employee when he or she first starts a job.
◍ Recruitment.
Answer: The process of finding and appointing new employees.
◍ Wholesalers.
Answer: Buy in large quantities from a producer and sell to retailers.
◍ Franchise.
Answer: Occurs when one business (a franchisor) sells the rights to its name
and products to another (a franchisee).

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