Daily Practice · GCSE Business
November 1995 5-a-day
Every sheet in November 1995
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st November 1995Give one reason a job production business might charge a higher price.
- 2nd November 1995How can good customer service justify a higher price?
- 3rd November 1995Identify one risk to a business that fails to adapt to a significant change in its external environment.
- 4th November 1995State the difference between a good and a service.
- 5th November 1995State one non-financial aim a business might have.
- 6th November 1995State one action a new business owner could take to reduce the risk of cash-flow problems.
- 7th November 1995State the formula for gross profit margin.
- 8th November 1995A business's gross profit margin falls from 35% to 30%. State whether this is an improvement or a decline.
- 9th November 1995Identify one risk of decentralisation.
- 10th November 1995A shop had an average of 60 staff and 6 left in a year. Calculate the labour turnover rate.
- 11th November 1995Explain what fit for purpose means under consumer law.
- 12th November 1995Define an export.
- 13th November 1995State the effect of a depreciating pound on UK exporters' price competitiveness abroad.
- 14th November 1995Why should the 4Ps be based on the results of market segmentation?
- 15th November 1995True or false: the correct balance of the design mix is the same for every product.
- 16th November 1995State two costs of holding too much stock.
- 17th November 1995Explain one risk of sourcing from overseas.
- 18th November 1995Define overtrading.
- 19th November 1995State one method a business can use to add value to its product.
- 20th November 1995Explain why access to good transport links matters to a business that delivers goods nationally.
- 21st November 1995What term describes finance needed to cover the gap between paying suppliers and being paid by customers?
- 22nd November 1995What does 'break-even' mean?
- 23rd November 1995State two factors a business owner should consider when choosing a source of finance.
- 24th November 1995State what a contract of employment sets out.
- 25th November 1995State one disadvantage of off-the-job training.
- 26th November 1995Define differentiation.
- 27th November 1995State one effect of strong competition on the prices a business can charge.
- 28th November 1995A business's sales rose from 60,000 pounds to 75,000 pounds. Calculate the percentage increase.
- 29th November 1995What is price discrimination?
- 30th November 1995What two factors does the Boston Matrix measure?