Daily Practice · GCSE Business
February 2002 5-a-day
Every sheet in February 2002
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st February 2002State the formula for break-even output.
- 2nd February 2002Why can a sole trader not raise finance through share capital?
- 3rd February 2002State one reason a business might prefer full-time contracts for its key staff.
- 4th February 2002Identify one example of off-the-job training.
- 5th February 2002State one reason a USP needs to be difficult for competitors to copy.
- 6th February 2002Give one way a business can find out about its competitors.
- 7th February 2002Why is a larger sample size generally more reliable than a smaller one?
- 8th February 2002Give one market condition that makes price skimming an appropriate strategy.
- 9th February 2002Why is having a balanced product portfolio, with products in different Boston Matrix categories, useful to a business?
- 10th February 2002Give one reason a business might advertise an external quality standard such as ISO certification.
- 11th February 2002Explain how consistent quality supports a higher price.
- 12th February 2002State the formula for profit.
- 13th February 2002Explain the difference between limited and unlimited liability in one sentence.
- 14th February 2002Define what is meant by the dynamic nature of the business environment.
- 15th February 2002A business has current assets of 25,000 pounds and current liabilities of 31,000 pounds. Calculate its working capital and state what this suggests.
- 16th February 2002What equation must always balance on a statement of financial position?
- 17th February 2002A shop owner supervises 4 shift leaders, and each shift leader supervises 8 sales assistants. State the shop owner's span of control.
- 18th February 2002State one non-financial reward that could improve staff motivation without extra pay.
- 19th February 2002Explain one reason a small business might be slower than a large business to adopt new technology.
- 20th February 2002Explain why a rise in corporation tax could reduce how much a business invests.
- 21st February 2002Explain one way high unemployment could benefit a business's recruitment.
- 22nd February 2002State one consequence for a business of running an inconsistent marketing mix.
- 23rd February 2002State one advantage of an indirect distribution channel.
- 24th February 2002Explain why social media complaints need a faster response than emails.
- 25th February 2002A factory produces 9,600 units a week with 16 workers. Calculate output per worker.
- 26th February 2002Identify which type of ownership structure allows a business to raise finance by selling shares privately to a small number of investors.
- 27th February 2002Explain why determination matters when starting a new business.
- 28th February 2002Identify whether the local community is an internal or external stakeholder.