Daily Practice · GCSE Business
February 1997 5-a-day
Every sheet in February 1997
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st February 1997State one reason an established business, not a start-up, might need finance.
- 2nd February 1997A product sells for 40 pounds and has a variable cost of 15 pounds per unit. Fixed costs are 5,000 pounds. Calculate the break-even output.
- 3rd February 1997Why might a lender be unwilling to give a large, unsecured loan to a brand-new business with no trading history?
- 4th February 1997Identify the type of contract that has no guaranteed minimum hours.
- 5th February 1997Identify one purpose of induction training.
- 6th February 1997Give one risk of competing mainly on price rather than differentiating.
- 7th February 1997State one way a business could respond to a new competitor entering the market.
- 8th February 1997A line graph shows a product's sales rising steadily for three years then falling in year four. What might this pattern suggest about the product's position in the product life cycle?
- 9th February 1997What is cost-plus pricing?
- 10th February 1997What is a 'star' in the Boston Matrix?
- 11th February 1997What is continuous improvement, and why does it depend on employees?
- 12th February 1997Give one reason employees are a good source of information about quality problems.
- 13th February 1997A shop sells 150 candles at 8 pounds each. Calculate its total revenue.
- 14th February 1997Name a well-known UK public limited company.
- 15th February 1997Explain why spotting a trend early can benefit an entrepreneur.
- 16th February 1997State the formula for working capital.
- 17th February 1997Give one example of an asset and one example of a liability on a statement of financial position.
- 18th February 1997State what span of control measures.
- 19th February 1997Identify one financial method of motivation.
- 20th February 1997State one cost to a business of introducing new technology.
- 21st February 1997Give an example of a direct tax.
- 22nd February 1997Define interest rate.
- 23rd February 1997Why is it useful to check a marketing mix against market segmentation data before evaluating it?
- 24th February 1997What does 'omnichannel distribution' mean?
- 25th February 1997State two ways a website improves customer service without any staff involvement.
- 26th February 1997Give one way e-commerce changes a small retailer's operations.
- 27th February 1997State one ownership structure that is generally quicker and cheaper to set up than a private limited company.
- 28th February 1997Identify one source of new business ideas, other than spotting a gap in the market.