Daily Practice · GCSE Business
November 1997 5-a-day
Every sheet in November 1997
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st November 1997Give three examples of after-sales service.
- 2nd November 1997Explain why a change in the law can force a business to change how it operates.
- 3rd November 1997State one reason why entrepreneurs take on risk when starting a business.
- 4th November 1997Identify one common aim of a brand new start-up business.
- 5th November 1997Explain why a profitable business can still fail.
- 6th November 1997A business calculates a net profit margin of 45% and a gross profit margin of 30% for the same year. Explain why this result must be wrong.
- 7th November 1997What does the gross profit margin measure?
- 8th November 1997Explain one advantage of decentralisation.
- 9th November 1997State one method a business could use to improve staff retention.
- 10th November 1997Name the main UK law protecting consumers when buying goods.
- 11th November 1997State one way improved transport has supported globalisation.
- 12th November 1997State what it means when the pound depreciates.
- 13th November 1997Which element of the marketing mix refers to how a business communicates with and persuades its customers?
- 14th November 1997Give one example of an aesthetic feature of a product.
- 15th November 1997State two consequences of holding too little stock.
- 16th November 1997Give one reason a business might publicise its supplier standards.
- 17th November 1997State the difference between organic and external growth.
- 18th November 1997Identify why adding value can be more attractive to a business than competing purely on low price.
- 19th November 1997State one cost that is usually higher for premises in a town or city centre than on the edge of town.
- 20th November 1997Is buying a delivery van a capital expenditure or a revenue expenditure? Explain your answer.
- 21st November 1997State the formula for break-even output.
- 22nd November 1997Why can a sole trader not raise finance through share capital?
- 23rd November 1997State one reason a business might prefer full-time contracts for its key staff.
- 24th November 1997Identify one example of off-the-job training.
- 25th November 1997State one reason a USP needs to be difficult for competitors to copy.
- 26th November 1997Give one way a business can find out about its competitors.
- 27th November 1997Why is a larger sample size generally more reliable than a smaller one?
- 28th November 1997Which pricing strategy involves setting a low price to enter a market and quickly build market share?
- 29th November 1997Why is having a balanced product portfolio, with products in different Boston Matrix categories, useful to a business?
- 30th November 1997Give one reason a business might advertise an external quality standard such as ISO certification.