Daily Practice · GCSE Business
May 2001 5-a-day
Every sheet in May 2001
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st May 2001State what span of control measures.
- 2nd May 2001Identify one financial method of motivation.
- 3rd May 2001State one cost to a business of introducing new technology.
- 4th May 2001Give an example of a direct tax.
- 5th May 2001Define interest rate.
- 6th May 2001Why is it useful to check a marketing mix against market segmentation data before evaluating it?
- 7th May 2001What does 'omnichannel distribution' mean?
- 8th May 2001State two ways a website improves customer service without any staff involvement.
- 9th May 2001Give one way e-commerce changes a small retailer's operations.
- 10th May 2001Give one advantage of buying a franchise rather than starting an entirely independent business.
- 11th May 2001State one way an entrepreneur could generate a business idea without inventing something completely new.
- 12th May 2001Give one interest the government has as a stakeholder in a business.
- 13th May 2001Define reward in the context of enterprise.
- 14th May 2001Why might a sole trader be unable to raise finance through share capital?
- 15th May 2001Is buying a new shop premises capital or revenue expenditure? Explain.
- 16th May 2001Identify one method of external recruitment.
- 17th May 2001State one recruitment document used to help write a job advert.
- 18th May 2001Name the UK law that requires employers to protect the health, safety and welfare of their employees.
- 19th May 2001Explain why legislation is described as an external influence on business.
- 20th May 2001A business segments its market by income. Give one product example that suits income-based segmentation.
- 21st May 2001State one marketing mix change a business might make during the decline stage.
- 22nd May 2001What is brand loyalty?
- 23rd May 2001State one advantage and one disadvantage of using a single supplier.
- 24th May 2001Explain what kaizen means and why employee involvement is essential to it.
- 25th May 2001Identify what typically happens to unemployment during a recession.
- 26th May 2001State one characteristic a business might use to segment its market.
- 27th May 2001Explain why a business plan is not a guarantee of success.
- 28th May 2001What is meant by a 'cash-flow problem'?
- 29th May 2001A 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.
- 30th May 2001Using your answer above, if fixed costs are 3,600 pounds, calculate the break-even output.
- 31st May 2001Identify one legal reason a business must provide training.