Revision Library
/Subjects/Business/Daily Practice
Daily Practice · GCSE Business

January 1998 5-a-day

← Today's GCSE Business sheet

January 1998

31 sheets · 155 questions · GCSE

January 1998 compilationAll answers

Every sheet in January 1998

The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.

  1. 1st January 1998Give one example of a primary market research method.
  2. 2nd January 1998State the type of financial forecast that shows the money expected to flow in and out of a business month by month.
  3. 3rd January 1998Why can a profitable business still become insolvent?
  4. 4th January 1998State the formula for net cash flow.
  5. 5th January 1998The same business's fixed costs rise to 6,500 pounds, with the contribution per unit unchanged. Calculate the new break-even output.
  6. 6th January 1998State one way a business could measure whether training has been effective.
  7. 7th January 1998State what Herzberg claimed happens if hygiene factors are inadequate.
  8. 8th January 1998State one example of an environmental issue a business might cause.
  9. 9th January 1998State one benefit of e-commerce over selling in a physical shop.
  10. 10th January 1998Give one benefit to a small business of selling through e-commerce rather than only a physical store.
  11. 11th January 1998What is sponsorship, in a marketing context?
  12. 12th January 1998A business making 500,000 identical plastic bottles a day has total costs of 60,000 pounds a day. Calculate the unit cost.
  13. 13th January 1998State two costs of providing excellent customer service.
  14. 14th January 1998Give one example of a business adapting successfully to a change in its external environment.
  15. 15th January 1998What term describes the process of identifying a gap in the market and taking the risk to fill it?
  16. 16th January 1998State the difference between an aim and an objective.
  17. 17th January 1998State one external cause of new business failure.
  18. 18th January 1998State the formula for net profit margin.
  19. 19th January 1998Why is comparing a ratio to a previous year usually more useful than looking at the ratio for a single year alone?
  20. 20th January 1998State one reason a business might delayer its structure.
  21. 21st January 1998Identify one cost to a business of high staff turnover.
  22. 22nd January 1998Give one remedy available to a consumer after the 30-day period has passed.
  23. 23rd January 1998State what a tariff is.
  24. 24th January 1998If the exchange rate is 1 pound = 1.20 euros and a UK business imports goods costing 6,000 euros, calculate the cost in pounds.
  25. 25th January 1998State one decision a business makes under 'Place'.
  26. 26th January 1998Why does increasing a product's function or aesthetics usually increase its cost?
  27. 27th January 1998Why is stock control especially important for a business selling fresh food?
  28. 28th January 1998A supplier charges 4.80 pounds a unit for orders under 500 and 4.20 pounds for orders of 500 or more. A business needs 480 units. Should it order 500? Explain.
  29. 29th January 1998Define economies of scale.
  30. 30th January 1998Give an example of a UK business that adds value through branding.
  31. 31st January 1998Give one reason a manufacturer might locate close to its raw material supplier.