Daily Practice · GCSE Business
November 2001 5-a-day
Every sheet in November 2001
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st November 2001Identify one risk to a business that fails to adapt to a significant change in its external environment.
- 2nd November 2001Identify whether a haircut is a good or a service.
- 3rd November 2001What does the M stand for in a SMART objective?
- 4th November 2001State one action a new business owner could take to reduce the risk of cash-flow problems.
- 5th November 2001Why is it useful to express profit as a percentage of revenue rather than just stating the pound amount of profit?
- 6th November 2001A business's net profit margin rises from 8% to 11%. Calculate the change in percentage points.
- 7th November 2001State what delayering means.
- 8th November 2001State the formula for labour turnover rate.
- 9th November 2001State one cost to a business of dealing with a faulty product return.
- 10th November 2001Explain one effect of a tariff on the price UK consumers pay for an imported good.
- 11th November 2001State what it means when the pound appreciates.
- 12th November 2001Name the 4Ps of the marketing mix.
- 13th November 2001What does 'function' mean in the design mix?
- 14th November 2001A factory uses 300 components a day and its supplier's lead time is 4 days. It holds a buffer of 500 components. Calculate the reorder level.
- 15th November 2001Why does supplier capacity matter to a growing business?
- 16th November 2001Define overtrading.
- 17th November 2001State one method a business can use to add value to its product.
- 18th November 2001Explain why access to good transport links matters to a business that delivers goods nationally.
- 19th November 2001What is the difference between start-up capital and working capital?
- 20th November 2001What does the margin of safety measure?
- 21st November 2001Give one reason a business might prefer leasing equipment rather than buying it outright with a loan.
- 22nd November 2001Give one advantage to an employer of part-time contracts.
- 23rd November 2001Give one advantage of on-the-job training.
- 24th November 2001Explain how strong branding can help a business differentiate.
- 25th November 2001Give one benefit to consumers of a highly competitive market.
- 26th November 2001What is meant by a 'random sample'?
- 27th November 2001What is cost-plus pricing?
- 28th November 2001Give one example of an extension strategy.
- 29th November 2001Give three costs to a business of poor quality.
- 30th November 2001Why should a business look for the cause rather than fixing each faulty item?