Daily Practice · GCSE Business
August 2001 5-a-day
Every sheet in August 2001
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st August 2001What is the difference between primary and secondary market research?
- 2nd August 2001True or false: every product follows the product life cycle at the same speed.
- 3rd August 2001Give one benefit to a business of strong brand recognition.
- 4th August 2001Why can poor conditions at a supplier damage a business that does not own that supplier?
- 5th August 2001Give one reason a business might prefer lean methods to buying automated machinery.
- 6th August 2001Give one reason an entrepreneur might delay launching a new business during an economic downturn.
- 7th August 2001Give one example of a primary market research method.
- 8th August 2001State the type of financial forecast that shows the money expected to flow in and out of a business month by month.
- 9th August 2001Give one solution a business could use if late-paying customers are causing its cash-flow problem.
- 10th August 2001Why might a business prepare a cash-flow forecast even if it expects to be profitable for the year?
- 11th August 2001A business's selling price is 15 pounds and variable cost per unit is 9 pounds. Calculate the contribution per unit.
- 12th August 2001State one benefit of training to a business.
- 13th August 2001Identify which category opportunities for promotion belongs to under Herzberg's theory.
- 14th August 2001Give one reason ethical sourcing can increase a business's costs.
- 15th August 2001Give one drawback of e-commerce for a business.
- 16th August 2001Give one cost or resource a business needs in order to run digital marketing effectively.
- 17th August 2001State one risk of using frequent sales promotions such as heavy discounting.
- 18th August 2001Define job production and give one example.
- 19th August 2001Why is a single poor service experience more damaging online than in a shop?
- 20th August 2001Give one example of a business adapting successfully to a change in its external environment.
- 21st August 2001A market trader sells umbrellas only on days when rain is forecast. Suggest what gap in the market they are meeting.
- 22nd August 2001Give an example of a SMART objective for a cafe aiming to grow.
- 23rd August 2001State one external cause of new business failure.
- 24th August 2001A business has revenue of 90,000 pounds and net profit of 18,000 pounds. Calculate its net profit margin.
- 25th August 2001Name one limitation of using ratio analysis to judge business performance.
- 26th August 2001Identify one likely effect of delayering on remaining managers' span of control.
- 27th August 2001Give one non-pay reason an employee might leave a job.
- 28th August 2001State the length of the short-term right to reject faulty goods for a full refund.
- 29th August 2001Define an import.
- 30th August 2001Using the same order, if the pound then depreciates to 1 pound = 1.00 euro, calculate the new cost in pounds and state whether the importer is better or worse off.
- 31st August 2001Give one example of a 'Product' decision, other than its physical features.