This video tutorial covers eight major topics for GCSE Business Paper 2, including the importance of quality, ratio analysis, average rate of return, break-even analysis, calculation questions, acting ethically, impact of interest rate changes, and globalization. Each section provides detailed explanations, benefits, and potential issues related to the topics, helping students understand key business concepts and calculations.

What is one potential benefit of maintaining high quality in products?

• Demotivated staff

• Higher marketing costs

• Improved reputation

• Increased refunds

Which formula is used to calculate the gross profit margin?

• Expenses divided by revenue times 100

• Gross profit divided by revenue times 100

• Net profit divided by revenue times 100

• Revenue minus cost of sales

What is a benefit of using ratio analysis?

• It guarantees increased profits

• It helps compare financial performance over time

• It eliminates competition

• It predicts future sales

What is a key benefit of break-even analysis?

• It guarantees financial success

• It helps understand the minimum sales needed to avoid losses

• It provides exact future sales numbers

• It ensures no losses are made

Which of the following is a limitation of break-even analysis?

• It guarantees profit

• It provides exact sales data

• It eliminates competition

• It assumes no economies of scale

What is an example of acting ethically in business?

• Maximizing short-term profits

• Ignoring environmental impact

• Paying fair wages to employees

• Using non-renewable resources

How might increasing interest rates affect consumers?

• Reduces disposable income

• Increases disposable income

• Discourages saving

• Encourages more borrowing

What is a potential benefit of globalization for UK businesses?

• Increased foreign competition

• Access to cheaper labor

• Dependence on exchange rates

• Higher production costs

What is a challenge of globalization for UK businesses?

• Easier access to foreign markets

• Increased foreign competition

• Cheaper raw materials

• Improved brand loyalty

What impact do higher interest rates have on business investments?

• Make investments cheaper

• Reduce competition

• Increase borrowing costs

• Guarantee higher profits