Daily Practice · GCSE Business
July 2002 5-a-day
Every sheet in July 2002
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st July 2002State one way a business can differentiate through customer service.
- 2nd July 2002Explain why a business's market share could fall even if its own sales revenue is rising.
- 3rd July 2002Why might data collected five years ago be less reliable for a current marketing decision than data collected this year?
- 4th July 2002What is a loss leader?
- 5th July 2002What is an extension strategy?
- 6th July 2002Explain why quality matters more for a business selling online than for a market stall.
- 7th July 2002Explain why external failure usually costs more per unit than internal failure.
- 8th July 2002A business has fixed costs of 3,000 pounds and variable costs of 4,500 pounds. Calculate its total costs.
- 9th July 2002State the number of owners a standard partnership usually has.
- 10th July 2002Name a UK business that grew mainly by innovating an existing product, rather than inventing something entirely new.
- 11th July 2002Give one way a business could improve its working capital.
- 12th July 2002A business has revenue of 50,000 pounds and cost of sales of 21,000 pounds. Calculate its gross profit.
- 13th July 2002Give one advantage of a wide span of control.
- 14th July 2002Give one non-financial method of motivation.
- 15th July 2002Explain why automation can reduce a business's unit costs.
- 16th July 2002Give an example of an indirect tax.
- 17th July 2002State what CPI stands for.
- 18th July 2002What should be the starting point when designing a marketing mix?
- 19th July 2002State one disadvantage of a direct distribution channel.
- 20th July 2002Why must a business selling online take data protection seriously?
- 21st July 2002Explain one benefit of computer aided design.
- 22nd July 2002Give one advantage of buying a franchise rather than starting an entirely independent business.
- 23rd July 2002State one way an entrepreneur could generate a business idea without inventing something completely new.
- 24th July 2002Define the term stakeholder.
- 25th July 2002Define reward in the context of enterprise.
- 26th July 2002Is retained profit an internal or an external source of finance?
- 27th July 2002What is revenue expenditure?
- 28th July 2002Explain one disadvantage of external recruitment.
- 29th July 2002Explain one benefit to a business of using a person specification when shortlisting applicants.
- 30th July 2002Name the UK law that makes it illegal to discriminate against employees based on protected characteristics such as age, sex or disability.
- 31st July 2002State the difference between legislation and ethics.