Daily Practice · GCSE Business
February 2001 5-a-day
Every sheet in February 2001
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st February 2001A business has a break-even output of 300 units and currently sells 450 units. Calculate its margin of safety.
- 2nd February 2001Why might a business choose an overdraft rather than a bank loan for a short-term cash-flow gap?
- 3rd February 2001Identify one item usually included in a contract of employment.
- 4th February 2001Explain one disadvantage of on-the-job training.
- 5th February 2001State one way a business can differentiate through customer service.
- 6th February 2001Explain why a business's market share could fall even if its own sales revenue is rising.
- 7th February 2001Why might data collected five years ago be less reliable for a current marketing decision than data collected this year?
- 8th February 2001Which pricing strategy involves setting a low price to enter a market and quickly build market share?
- 9th February 2001What is an extension strategy?
- 10th February 2001Explain why quality matters more for a business selling online than for a market stall.
- 11th February 2001Explain why external failure usually costs more per unit than internal failure.
- 12th February 2001A business has fixed costs of 3,000 pounds and variable costs of 4,500 pounds. Calculate its total costs.
- 13th February 2001State the number of owners a standard partnership usually has.
- 14th February 2001State the difference between invention and innovation.
- 15th February 2001Give one way a business could improve its working capital.
- 16th February 2001What does the income statement show?
- 17th February 2001Give one advantage of a wide span of control.
- 18th February 2001Give one non-financial method of motivation.
- 19th February 2001Explain why automation can reduce a business's unit costs.
- 20th February 2001Give an example of an indirect tax.
- 21st February 2001State what CPI stands for.
- 22nd February 2001What should be the starting point when designing a marketing mix?
- 23rd February 2001State one disadvantage of a direct distribution channel.
- 24th February 2001Why must a business selling online take data protection seriously?
- 25th February 2001Explain one benefit of computer aided design.
- 26th February 2001Explain why a growing business might change from being a sole trader to a private limited company.
- 27th February 2001Give one reason creativity is a valuable quality for an entrepreneur.
- 28th February 2001Define the term stakeholder.