Daily Practice · GCSE Business
September 1997 5-a-day
Every sheet in September 1997
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st September 1997Name the 4Ps of the marketing mix.
- 2nd September 1997What does 'function' mean in the design mix?
- 3rd September 1997A factory uses 300 components a day and its supplier's lead time is 4 days. It holds a buffer of 500 components. Calculate the reorder level.
- 4th September 1997Why does supplier capacity matter to a growing business?
- 5th September 1997Identify which type of growth, organic or external, a merger is an example of.
- 6th September 1997Explain how excellent customer service can add value to a service business.
- 7th September 1997Give one non-financial factor, other than transport, that might influence a service business's location choice.
- 8th September 1997What is the difference between start-up capital and working capital?
- 9th September 1997What does the margin of safety measure?
- 10th September 1997Give one reason a business might prefer leasing equipment rather than buying it outright with a loan.
- 11th September 1997Give one advantage to an employer of part-time contracts.
- 12th September 1997Give one advantage of on-the-job training.
- 13th September 1997Explain how strong branding can help a business differentiate.
- 14th September 1997Give one benefit to consumers of a highly competitive market.
- 15th September 1997What is meant by a 'random sample'?
- 16th September 1997What is a loss leader?
- 17th September 1997Give one example of an extension strategy.
- 18th September 1997Give three costs to a business of poor quality.
- 19th September 1997Why should a business look for the cause rather than fixing each faulty item?
- 20th September 1997State the formula for total revenue.
- 21st September 1997State where the shares of a public limited company (plc) can be bought and sold.
- 22nd September 1997Name a UK business that grew mainly by innovating an existing product, rather than inventing something entirely new.
- 23rd September 1997Explain, in one sentence, how a profitable business could still run out of cash.
- 24th September 1997A business has revenue of 50,000 pounds and cost of sales of 21,000 pounds. Calculate its gross profit.
- 25th September 1997Explain what chain of command means.
- 26th September 1997State the difference between a wage and a salary.
- 27th September 1997Define computer-aided manufacture (CAM).
- 28th September 1997Explain why rising unemployment during a recession can reduce a business's sales.
- 29th September 1997Explain one effect of a rise in interest rates on a business with a variable-rate loan.
- 30th September 1997A business raises its price significantly to reposition as premium. Name one other element of the mix it is also likely to need to change.