Daily Practice · GCSE Business
August 1998 5-a-day
Every sheet in August 1998
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st August 1998Explain why legislation is described as an external influence on business.
- 2nd August 1998State one reason a sample of 20 people, all surveyed outside the same shop, might produce unreliable data.
- 3rd August 1998State one marketing mix change a business might make during the decline stage.
- 4th August 1998What is brand loyalty?
- 5th August 1998State one advantage and one disadvantage of using a single supplier.
- 6th August 1998Explain what kaizen means and why employee involvement is essential to it.
- 7th August 1998Give one way rising consumer confidence in a boom might affect a business's decisions.
- 8th August 1998Give one disadvantage of relying only on secondary market research.
- 9th August 1998Identify one external stakeholder who might ask to see a business plan before providing finance.
- 10th August 1998What is meant by a 'cash-flow problem'?
- 11th August 1998A business forecasts an opening balance of -500 pounds for June, inflows of 4,000 pounds and outflows of 3,200 pounds. Calculate the closing balance.
- 12th August 1998Using your answer above, if fixed costs are 3,600 pounds, calculate the break-even output.
- 13th August 1998Identify one legal reason a business must provide training.
- 14th August 1998State one way a business could apply Herzberg's theory to motivate staff beyond paying them more.
- 15th August 1998Explain one risk to a business of being exposed for unethical behaviour.
- 16th August 1998Define search engine optimisation (SEO).
- 17th August 1998State one risk to a business's reputation created by social media and online reviews.
- 18th August 1998Give one advantage of digital promotion over traditional above the line advertising.
- 19th August 1998Give one reason a job production business might charge a higher price.
- 20th August 1998How can good customer service justify a higher price?
- 21st August 1998State one type of external change that can affect how a business operates.
- 22nd August 1998State the difference between a good and a service.
- 23rd August 1998State one non-financial aim a business might have.
- 24th August 1998Identify the term for a business having too little start-up finance to survive its early months.
- 25th August 1998State the formula for gross profit margin.
- 26th August 1998A business's gross profit margin falls from 35% to 30%. State whether this is an improvement or a decline.
- 27th August 1998Identify one risk of decentralisation.
- 28th August 1998A shop had an average of 60 staff and 6 left in a year. Calculate the labour turnover rate.
- 29th August 1998Explain what fit for purpose means under consumer law.
- 30th August 1998Define an export.
- 31st August 1998State the effect of a depreciating pound on UK exporters' price competitiveness abroad.