Daily Practice · GCSE Business
January 1997 5-a-day
Every sheet in January 1997
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st January 1997State the difference between primary and secondary market research.
- 2nd January 1997Give one piece of information a bank would want to see in a business plan before agreeing a loan.
- 3rd January 1997Give one solution a business could use for a short-term cash-flow shortfall, other than chasing customer payments.
- 4th January 1997State the formula for a month's closing balance.
- 5th January 1997If a business successfully cuts its variable cost per unit while keeping its selling price the same, what happens to its break-even output?
- 6th January 1997Identify one direct cost of training.
- 7th January 1997Explain why, according to Herzberg, simply raising pay may not increase motivation.
- 8th January 1997Define business ethics.
- 9th January 1997Give one reason e-commerce might exclude some customers.
- 10th January 1997Give one way technology allows a business to target its promotion more precisely than traditional mass-media advertising.
- 11th January 1997Why must promotion be consistent with the rest of the marketing mix?
- 12th January 1997A bakery makes 200 white loaves, then 150 wholemeal, then 100 seeded. Name the process and explain how you can tell.
- 13th January 1997List four stages of a typical sales process.
- 14th January 1997Identify one risk to a business that fails to adapt to a significant change in its external environment.
- 15th January 1997Explain why most private sector businesses aim to make a profit.
- 16th January 1997Give one reason a well-established plc might prioritise profit maximisation over survival.
- 17th January 1997State one action a new business owner could take to reduce the risk of cash-flow problems.
- 18th January 1997A business has revenue of 25,000 pounds, cost of sales of 15,000 pounds and expenses of 6,000 pounds. Calculate its gross profit margin and net profit margin.
- 19th January 1997What does the net profit margin measure?
- 20th January 1997State one disadvantage of centralisation.
- 21st January 1997Explain one reason high labour turnover can reduce productivity.
- 22nd January 1997State the three main standards goods must meet under the Consumer Rights Act 2015.
- 23rd January 1997Define globalisation.
- 24th January 1997State the effect of an appreciating pound on the cost of imports to a UK business.
- 25th January 1997A business cuts its price significantly. Give one other element of the mix it may also need to change, and why.
- 26th January 1997Name the three elements of the design mix.
- 27th January 1997Explain one benefit and one risk of just in time stock control.
- 28th January 1997Define single sourcing and give one advantage.
- 29th January 1997Define overtrading.
- 30th January 1997State one method a business can use to add value to its product.
- 31st January 1997Explain why access to good transport links matters to a business that delivers goods nationally.