Daily Practice · GCSE Business
October 1998 5-a-day
Every sheet in October 1998
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st October 1998What is a wholesaler?
- 2nd October 1998Give one operational cost that e-commerce creates which a shop does not have.
- 3rd October 1998Why does technology investment need to be judged against demand rather than cost alone?
- 4th October 1998Explain why a growing business might change from being a sole trader to a private limited company.
- 5th October 1998Give one reason creativity is a valuable quality for an entrepreneur.
- 6th October 1998Identify whether shareholders are internal or external stakeholders.
- 7th October 1998State one non-financial reward an entrepreneur might gain from running their own business.
- 8th October 1998Give one advantage and one drawback of trade credit.
- 9th October 1998A business buys office furniture for 3,200 pounds and pays 1,800 pounds in staff wages in the same month. Calculate its total capital expenditure for the month.
- 10th October 1998Give one advantage of internal recruitment.
- 11th October 1998State one risk to a business of recruiting without a clear job description.
- 12th October 1998Give one example of a protected characteristic under the Equality Act 2010.
- 13th October 1998State one risk to a business of breaking the law.
- 14th October 1998Why might a focus group be more useful than a questionnaire for testing a new product concept?
- 15th October 1998True or false: every product follows the product life cycle at the same speed.
- 16th October 1998Give one benefit to a business of strong brand recognition.
- 17th October 1998Why can poor conditions at a supplier damage a business that does not own that supplier?
- 18th October 1998Give one reason a business might prefer lean methods to buying automated machinery.
- 19th October 1998Explain why businesses selling non-essential, expensive products are often affected more by a recession than businesses selling essentials.
- 20th October 1998Define market segmentation.
- 21st October 1998Give one reason a business plan helps the entrepreneur themselves, not just outside lenders.
- 22nd October 1998Give one solution a business could use if late-paying customers are causing its cash-flow problem.
- 23rd October 1998Why might a business prepare a cash-flow forecast even if it expects to be profitable for the year?
- 24th October 1998A business's selling price is 15 pounds and variable cost per unit is 9 pounds. Calculate the contribution per unit.
- 25th October 1998State one benefit of training to a business.
- 26th October 1998Identify which category opportunities for promotion belongs to under Herzberg's theory.
- 27th October 1998Give one reason ethical sourcing can increase a business's costs.
- 28th October 1998Give one drawback of e-commerce for a business.
- 29th October 1998Give one cost or resource a business needs in order to run digital marketing effectively.
- 30th October 1998State one risk of using frequent sales promotions such as heavy discounting.
- 31st October 1998Define job production and give one example.