Daily Practice · GCSE Business
February 1996 5-a-day
Every sheet in February 1996
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st February 1996State one factor that influences where a business chooses to locate.
- 2nd February 1996Give one example of a start-up cost for a new hairdressing salon.
- 3rd February 1996On a break-even chart, what does the point where the total cost and total revenue lines cross represent?
- 4th February 1996A start-up needs 200,000 pounds to buy premises it will use for the next 20 years. Is this a short-term or a long-term finance need? Explain.
- 5th February 1996Explain one advantage to an employee of flexible working.
- 6th February 1996State one benefit of off-the-job training over on-the-job training.
- 7th February 1996Define a unique selling point (USP).
- 8th February 1996Define market share.
- 9th February 1996A pie chart shows a business's sales by region: North 20%, South 45%, East 15%, West 20%. Which region has the smallest share of sales?
- 10th February 1996What is a loss leader?
- 11th February 1996Why might a business keep a 'dog' product in its portfolio, rather than withdrawing it immediately?
- 12th February 1996State the difference between quality control and quality assurance.
- 13th February 1996Distinguish between internal and external failure costs.
- 14th February 1996Explain the two ways a business can increase its profit.
- 15th February 1996Give one document that partners typically draw up when forming a partnership.
- 16th February 1996Define what is meant by the dynamic nature of the business environment.
- 17th February 1996Give one example of a current asset and one example of a current liability.
- 18th February 1996A business has revenue of 50,000 pounds and cost of sales of 21,000 pounds. Calculate its gross profit.
- 19th February 1996Identify whether a business with 3 levels of hierarchy and wide spans of control is a tall or a flat structure.
- 20th February 1996State what job rotation means.
- 21st February 1996Give one example of technology used in human resources.
- 22nd February 1996State the four main stages of the business cycle.
- 23rd February 1996State which UK institution sets the base rate that heavily influences interest rates.
- 24th February 1996Give one sign in a case study that a business's marketing mix is inconsistent.
- 25th February 1996What is a direct distribution channel?
- 26th February 1996A business handles 600 enquiries a month, each taking 5 minutes of staff time at 13 pounds an hour. Calculate the monthly labour cost.
- 27th February 1996Define productivity and state the formula.
- 28th February 1996Identify which type of ownership structure allows a business to raise finance by selling shares privately to a small number of investors.
- 29th February 1996Explain why determination matters when starting a new business.