Daily Practice · GCSE Business
July 1997 5-a-day
Every sheet in July 1997
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st July 1997State one benefit of off-the-job training over on-the-job training.
- 2nd July 1997Define a unique selling point (USP).
- 3rd July 1997Define market share.
- 4th July 1997A 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?
- 5th July 1997What is price discrimination?
- 6th July 1997Why might a business keep a 'dog' product in its portfolio, rather than withdrawing it immediately?
- 7th July 1997State the difference between quality control and quality assurance.
- 8th July 1997Distinguish between internal and external failure costs.
- 9th July 1997Explain the two ways a business can increase its profit.
- 10th July 1997Give one document that partners typically draw up when forming a partnership.
- 11th July 1997State the difference between invention and innovation.
- 12th July 1997Give one example of a current asset and one example of a current liability.
- 13th July 1997What does the statement of financial position show?
- 14th July 1997Identify whether a business with 3 levels of hierarchy and wide spans of control is a tall or a flat structure.
- 15th July 1997State what job rotation means.
- 16th July 1997Give one example of technology used in human resources.
- 17th July 1997State the four main stages of the business cycle.
- 18th July 1997State which UK institution sets the base rate that heavily influences interest rates.
- 19th July 1997Give one sign in a case study that a business's marketing mix is inconsistent.
- 20th July 1997What is a direct distribution channel?
- 21st July 1997A business handles 600 enquiries a month, each taking 5 minutes of staff time at 13 pounds an hour. Calculate the monthly labour cost.
- 22nd July 1997Define productivity and state the formula.
- 23rd July 1997Explain why a growing business might change from being a sole trader to a private limited company.
- 24th July 1997Give one reason creativity is a valuable quality for an entrepreneur.
- 25th July 1997Name one stakeholder group, other than shareholders and employees, that a new factory would affect.
- 26th July 1997State one non-financial reward an entrepreneur might gain from running their own business.
- 27th July 1997A business borrows 5,000 pounds at a simple interest rate of 4% per year, repaid after 2 years. Calculate the total interest paid.
- 28th July 1997On which financial statement does capital expenditure appear, and as what?
- 29th July 1997State one reason a business might use a recruitment agency rather than advertise a vacancy itself.
- 30th July 1997State the difference between a job description and a person specification.
- 31st July 1997State one duty an employer has under health and safety law.