1,400 free study cards across 2 topics, written to the Edexcel specification. Study them as flashcards or multiple choice, and rate each one Got it, Almost or Forgot.
Every card is tagged to a topic in the Edexcel GCSE Business specification, so you can revise one topic at a time.
Three cards from the deck, as you will see them in BrainBerry: the question, the answer, and an explanation of why.
A shareholder invests £5,000 in a private limited company that later fails owing £60,000. What is the most she can lose?
£5,000, the amount she invested. Limited liability means she is not personally responsible for the rest of the company's debts.
A frequent error is to divide the remaining debt between the shareholders. The £60,000 is owed by the company, not by its owners.
What is meant by cost of sales?
The direct cost of making or buying in the goods the business has actually sold, such as raw materials or stock bought for resale.
Cost of sales leaves out indirect running costs like rent, office salaries and advertising. Those are removed later as other operating expenses when working out net profit.
How are profit and loss worked out?
Profit = revenue - total costs. If total costs are greater than revenue the answer is negative and the business has made a loss.
Profit measures a period of trading, such as a month or a year. It is not the amount of cash sitting in the bank account.
Practise the June 2024 and 2025 Edexcel Business papers question by question. Every question on the paper has its own set of BrainBerry flashcards and multiple-choice cards, testing the same content and skills, each with an explanation.
The cards are written by BrainBerry to match each question; they are not the exam board's own wording.
Studying a different board? AQA GCSE Business.
Open BrainBerry in any browser, pick Business, and start with the topic you find hardest.
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