Daily Practice · GCSE Business
February 1998 5-a-day
Every sheet in February 1998
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st February 1998A start-up needs 6,000 pounds for equipment and 2,000 pounds for its first order of stock. Calculate its total start-up finance requirement.
- 2nd February 1998State the formula for contribution per unit.
- 3rd February 1998A sole trader needs finance but does not want to give up any control of her business. Which source should she avoid, and why?
- 4th February 1998State one disadvantage to an employee of a zero-hours contract.
- 5th February 1998State when induction training typically takes place.
- 6th February 1998Explain why successful differentiation can reduce a business's price sensitivity of demand.
- 7th February 1998Explain why a monopoly business can often charge higher prices.
- 8th February 1998A survey of 200 people found 90 preferred Brand A. Calculate the percentage who preferred Brand A.
- 9th February 1998A business sells 4,000 units at 10 pounds each. Calculate its total revenue.
- 10th February 1998What is a 'cash cow' in the Boston Matrix?
- 11th February 1998Explain one benefit of making each worker responsible for checking their own work.
- 12th February 1998A business sells 5,000 units a month and 3 per cent are returned at a cost of 14 pounds each. Calculate the monthly cost of returns.
- 13th February 1998Identify whether the cost of raw materials is a fixed cost or a variable cost.
- 14th February 1998Identify the abbreviation added to the end of a private limited company's name.
- 15th February 1998Identify one source of change that can create new business opportunities.
- 16th February 1998What is the key difference between cash and profit?
- 17th February 1998State the formula for net profit.
- 18th February 1998State one feature of a tall organisational structure.
- 19th February 1998Explain one drawback of relying only on financial rewards to motivate staff.
- 20th February 1998State one function of a business that can be affected by new technology.
- 21st February 1998Define a recession.
- 22nd February 1998Define inflation.
- 23rd February 1998Why might a business need to change its marketing mix as a product moves from growth to maturity in its life cycle?
- 24th February 1998Why might a business use both a website and physical stores rather than just one?
- 25th February 1998Explain one benefit and one risk of using a chatbot for customer enquiries.
- 26th February 1998State two drawbacks of automating a production line.
- 27th February 1998State what a franchisee pays a franchisor for.
- 28th February 1998State one quality commonly associated with successful entrepreneurs.