Daily Practice · GCSE Business
April 1997 5-a-day
Every sheet in April 1997
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st April 1997State the formula for gross profit margin.
- 2nd April 1997A business's gross profit margin falls from 35% to 30%. State whether this is an improvement or a decline.
- 3rd April 1997Identify one risk of decentralisation.
- 4th April 1997A shop had an average of 60 staff and 6 left in a year. Calculate the labour turnover rate.
- 5th April 1997Explain what fit for purpose means under consumer law.
- 6th April 1997Define an export.
- 7th April 1997State the effect of a depreciating pound on UK exporters' price competitiveness abroad.
- 8th April 1997Why should the 4Ps be based on the results of market segmentation?
- 9th April 1997True or false: the correct balance of the design mix is the same for every product.
- 10th April 1997State two costs of holding too much stock.
- 11th April 1997Explain one risk of sourcing from overseas.
- 12th April 1997Give one example of an economy of scale.
- 13th April 1997State one risk of trying to compete only by cutting price rather than adding genuine value.
- 14th April 1997State one factor that influences where a business chooses to locate.
- 15th April 1997What term describes finance needed to cover the gap between paying suppliers and being paid by customers?
- 16th April 1997What does 'break-even' mean?
- 17th April 1997State two factors a business owner should consider when choosing a source of finance.
- 18th April 1997State what a contract of employment sets out.
- 19th April 1997State one disadvantage of off-the-job training.
- 20th April 1997Define differentiation.
- 21st April 1997State one effect of strong competition on the prices a business can charge.
- 22nd April 1997A business's sales rose from 60,000 pounds to 75,000 pounds. Calculate the percentage increase.
- 23rd April 1997Give one market condition that makes price skimming an appropriate strategy.
- 24th April 1997What two factors does the Boston Matrix measure?
- 25th April 1997A business makes 8,000 units a month and rejects 2.5 per cent. Calculate the number rejected.
- 26th April 1997Give three ways a business can identify quality problems.
- 27th April 1997Identify whether rent is a fixed cost or a variable cost.
- 28th April 1997State the ownership structure that has one owner and unlimited liability.
- 29th April 1997Define what is meant by the dynamic nature of the business environment.
- 30th April 1997Why is cash considered more liquid than stock, even though both can be current assets?