Daily Practice · GCSE Business
July 2001 5-a-day
Every sheet in July 2001
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st July 2001Define differentiation.
- 2nd July 2001State one effect of strong competition on the prices a business can charge.
- 3rd July 2001A business's sales rose from 60,000 pounds to 75,000 pounds. Calculate the percentage increase.
- 4th July 2001A business has sales of 150,000 pounds in a market with total sales of 1,200,000 pounds. Calculate its market share.
- 5th July 2001What two factors does the Boston Matrix measure?
- 6th July 2001A business makes 8,000 units a month and rejects 2.5 per cent. Calculate the number rejected.
- 7th July 2001Give three ways a business can identify quality problems.
- 8th July 2001Identify whether rent is a fixed cost or a variable cost.
- 9th July 2001State the ownership structure that has one owner and unlimited liability.
- 10th July 2001Give one method a business would use to check that a spotted opportunity reflects genuine customer demand.
- 11th July 2001Why is cash considered more liquid than stock, even though both can be current assets?
- 12th July 2001State the formula for gross profit.
- 13th July 2001State one disadvantage of a narrow span of control.
- 14th July 2001Identify one example of job enrichment.
- 15th July 2001State one risk to a business of storing customer data online.
- 16th July 2001State one type of business that might see demand rise during a recession.
- 17th July 2001Define unemployment.
- 18th July 2001True or false: a marketing mix that worked well at launch will always remain the correct mix for the rest of the product's life.
- 19th July 2001What is a wholesaler?
- 20th July 2001Give one operational cost that e-commerce creates which a shop does not have.
- 21st July 2001Why does technology investment need to be judged against demand rather than cost alone?
- 22nd July 2001Give one disadvantage of an unincorporated structure such as a sole trader compared with a Ltd.
- 23rd July 2001Define entrepreneur.
- 24th July 2001Identify whether shareholders are internal or external stakeholders.
- 25th July 2001Explain the general relationship between risk and potential reward in business.
- 26th July 2001Give one drawback of using retained profit to finance expansion.
- 27th July 2001A 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.
- 28th July 2001Give one advantage of internal recruitment.
- 29th July 2001State one risk to a business of recruiting without a clear job description.
- 30th July 2001Give one example of a protected characteristic under the Equality Act 2010.
- 31st July 2001State one risk to a business of breaking the law.