Daily Practice · GCSE Business
December 2001 5-a-day
Every sheet in December 2001
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st December 2001State the formula for total revenue.
- 2nd December 2001State where the shares of a public limited company (plc) can be bought and sold.
- 3rd December 2001Explain why spotting a trend early can benefit an entrepreneur.
- 4th December 2001Explain, in one sentence, how a profitable business could still run out of cash.
- 5th December 2001Give one example of an asset and one example of a liability on a statement of financial position.
- 6th December 2001Explain what chain of command means.
- 7th December 2001State the difference between a wage and a salary.
- 8th December 2001Define computer-aided manufacture (CAM).
- 9th December 2001Explain why rising unemployment during a recession can reduce a business's sales.
- 10th December 2001Explain one effect of a rise in interest rates on a business with a variable-rate loan.
- 11th December 2001A business raises its price significantly to reposition as premium. Name one other element of the mix it is also likely to need to change.
- 12th December 2001Give one cost e-commerce can reduce for a small business compared with running physical stores.
- 13th December 2001Define e-commerce and give one benefit for a small business.
- 14th December 2001Explain how stock control software reduces costs.
- 15th December 2001State one ownership structure that is generally quicker and cheaper to set up than a private limited company.
- 16th December 2001Identify one source of new business ideas, other than spotting a gap in the market.
- 17th December 2001State one reason shareholder and employee interests can conflict.
- 18th December 2001State one reason a franchise is generally considered lower risk than an independent start-up.
- 19th December 2001Give one advantage and one drawback of trade credit.
- 20th December 2001Why does the classification of an item as capital or revenue expenditure matter for calculating that year's profit?
- 21st December 2001State the difference between recruitment and selection.
- 22nd December 2001Identify one item typically found in a job description.
- 23rd December 2001State what the National Minimum Wage and National Living Wage are.
- 24th December 2001State one area of business legislation.
- 25th December 2001Why might a focus group be more useful than a questionnaire for testing a new product concept?
- 26th December 2001Why is cash flow often negative during the introduction stage?
- 27th December 2001State one risk of a poorly judged brand extension.
- 28th December 2001Define supply chain.
- 29th December 2001Why does higher productivity usually reduce unit cost?
- 30th December 2001State one way a business might respond to falling consumer spending during a recession.
- 31st December 2001Explain why a business should carry out market research before launching a new product.