Daily Practice · GCSE Business
May 2002 5-a-day
Every sheet in May 2002
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st May 2002State one feature of a tall organisational structure.
- 2nd May 2002Explain one drawback of relying only on financial rewards to motivate staff.
- 3rd May 2002State one function of a business that can be affected by new technology.
- 4th May 2002Define a recession.
- 5th May 2002Define inflation.
- 6th May 2002Why might a business need to change its marketing mix as a product moves from growth to maturity in its life cycle?
- 7th May 2002Why might a business use both a website and physical stores rather than just one?
- 8th May 2002Explain one benefit and one risk of using a chatbot for customer enquiries.
- 9th May 2002State two drawbacks of automating a production line.
- 10th May 2002Explain why a growing business might change from being a sole trader to a private limited company.
- 11th May 2002Give one reason creativity is a valuable quality for an entrepreneur.
- 12th May 2002State one interest a supplier has in the businesses it supplies.
- 13th May 2002State one non-financial reward an entrepreneur might gain from running their own business.
- 14th May 2002A business borrows 5,000 pounds at a simple interest rate of 4% per year, repaid after 2 years. Calculate the total interest paid.
- 15th May 2002What is capital expenditure?
- 16th May 2002Identify one document a candidate usually submits when applying for a job.
- 17th May 2002Identify the term for a qualification or skill that is useful but not required for a role.
- 18th May 2002Explain one benefit to a business of complying fully with employment and health and safety law.
- 19th May 2002Define legislation.
- 20th May 2002Name three variables a business could use to segment a market.
- 21st May 2002Give one reason a fashion product might have a shorter product life cycle than a household appliance.
- 22nd May 2002What is meant by 'brand equity'?
- 23rd May 2002Explain how trade credit affects a small business's cash flow.
- 24th May 2002Explain one risk of removing all buffer stock as part of lean production.
- 25th May 2002Explain why businesses selling non-essential, expensive products are often affected more by a recession than businesses selling essentials.
- 26th May 2002Define market segmentation.
- 27th May 2002Give one reason a business plan helps the entrepreneur themselves, not just outside lenders.
- 28th May 2002State one drawback of using an overdraft to solve a cash-flow problem.
- 29th May 2002A business has an opening balance of 1,000 pounds, inflows of 6,000 pounds and outflows of 5,200 pounds for the month. Calculate its closing balance.
- 30th May 2002If fixed costs rise but the contribution per unit stays the same, what happens to the break-even output?
- 31st May 2002Give one indirect cost of training.