Daily Practice · GCSE Business
April 1998 5-a-day
Every sheet in April 1998
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st April 1998A business has revenue of 40,000 pounds and gross profit of 16,000 pounds. Calculate its gross profit margin.
- 2nd April 1998Give one reason a business's net profit margin might fall even if its gross profit margin stays the same.
- 3rd April 1998Give one advantage of centralisation.
- 4th April 1998Identify what a persistently high labour turnover rate might suggest about a business.
- 5th April 1998Explain why accurate product descriptions benefit a business, as well as being a legal requirement.
- 6th April 1998Give one reason globalisation has increased competition for UK businesses.
- 7th April 1998Define exchange rate.
- 8th April 1998True or false: each element of the marketing mix should be decided independently of the others.
- 9th April 1998A product for a safety-critical use, such as a car brake pad, should prioritise which element of the design mix, and why?
- 10th April 1998Explain how buffer stock protects a business, and state its cost.
- 11th April 1998Explain how credit terms can matter more than price to a small business.
- 12th April 1998Define overtrading.
- 13th April 1998State one method a business can use to add value to its product.
- 14th April 1998Explain why access to good transport links matters to a business that delivers goods nationally.
- 15th April 1998Why might a profitable business still need extra finance?
- 16th April 1998A business has a break-even output of 300 units and currently sells 450 units. Calculate its margin of safety.
- 17th April 1998Why might a business choose an overdraft rather than a bank loan for a short-term cash-flow gap?
- 18th April 1998Identify one item usually included in a contract of employment.
- 19th April 1998Explain one disadvantage of on-the-job training.
- 20th April 1998State one way a business can differentiate through customer service.
- 21st April 1998Explain why a business's market share could fall even if its own sales revenue is rising.
- 22nd April 1998Why might data collected five years ago be less reliable for a current marketing decision than data collected this year?
- 23rd April 1998A business has sales of 150,000 pounds in a market with total sales of 1,200,000 pounds. Calculate its market share.
- 24th April 1998What is an extension strategy?
- 25th April 1998Explain why quality matters more for a business selling online than for a market stall.
- 26th April 1998Explain why external failure usually costs more per unit than internal failure.
- 27th April 1998A business has fixed costs of 3,000 pounds and variable costs of 4,500 pounds. Calculate its total costs.
- 28th April 1998State the number of owners a standard partnership usually has.
- 29th April 1998Explain why spotting a trend early can benefit an entrepreneur.
- 30th April 1998Give one way a business could improve its working capital.