Daily Practice · GCSE Business
March 2001 5-a-day
Every sheet in March 2001
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st March 2001State one non-financial reward an entrepreneur might gain from running their own business.
- 2nd March 2001State one advantage of an overdraft as a source of finance.
- 3rd March 2001What is revenue expenditure?
- 4th March 2001Explain one disadvantage of external recruitment.
- 5th March 2001Explain one benefit to a business of using a person specification when shortlisting applicants.
- 6th March 2001Name the UK law that makes it illegal to discriminate against employees based on protected characteristics such as age, sex or disability.
- 7th March 2001State the difference between legislation and ethics.
- 8th March 2001Give one example of a primary research method.
- 9th March 2001Name the four stages of the product life cycle in order.
- 10th March 2001What is a 'brand extension'?
- 11th March 2001Give one reason a business might pay more to source locally.
- 12th March 2001A business produces 3,600 units a week with 12 workers. After changes it produces 4,500 with the same 12. Calculate the percentage rise in productivity.
- 13th March 2001Explain why businesses selling non-essential, expensive products are often affected more by a recession than businesses selling essentials.
- 14th March 2001Define market segmentation.
- 15th March 2001Give one reason a business plan helps the entrepreneur themselves, not just outside lenders.
- 16th March 2001Give one solution a business could use for a short-term cash-flow shortfall, other than chasing customer payments.
- 17th March 2001State the formula for a month's closing balance.
- 18th March 2001If a business successfully cuts its variable cost per unit while keeping its selling price the same, what happens to its break-even output?
- 19th March 2001Identify one direct cost of training.
- 20th March 2001Explain why, according to Herzberg, simply raising pay may not increase motivation.
- 21st March 2001Define business ethics.
- 22nd March 2001Give one reason e-commerce might exclude some customers.
- 23rd March 2001Give one way technology allows a business to target its promotion more precisely than traditional mass-media advertising.
- 24th March 2001Why must promotion be consistent with the rest of the marketing mix?
- 25th March 2001A bakery makes 200 white loaves, then 150 wholemeal, then 100 seeded. Name the process and explain how you can tell.
- 26th March 2001List four stages of a typical sales process.
- 27th March 2001Give an example of a change in technology that has affected how many UK retailers operate.
- 28th March 2001Explain why most private sector businesses aim to make a profit.
- 29th March 2001Give one reason a well-established plc might prioritise profit maximisation over survival.
- 30th March 2001Give one reason poor market research increases the risk of a new business failing.
- 31st March 2001A business has revenue of 25,000 pounds, cost of sales of 15,000 pounds and expenses of 6,000 pounds. Calculate its gross profit margin and net profit margin.