Daily Practice · GCSE Business
August 2002 5-a-day
Every sheet in August 2002
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st August 2002What is meant by a 'representative sample'?
- 2nd August 2002Name the four stages of the product life cycle in order.
- 3rd August 2002What is a 'brand extension'?
- 4th August 2002Give one reason a business might pay more to source locally.
- 5th August 2002A business produces 3,600 units a week with 12 workers. After changes it produces 4,500 with the same 12. Calculate the percentage rise in productivity.
- 6th August 2002Identify what typically happens to unemployment during a recession.
- 7th August 2002State one characteristic a business might use to segment its market.
- 8th August 2002Explain why a business plan is not a guarantee of success.
- 9th August 2002Give one solution a business could use for a short-term cash-flow shortfall, other than chasing customer payments.
- 10th August 2002State the formula for a month's closing balance.
- 11th August 2002If a business successfully cuts its variable cost per unit while keeping its selling price the same, what happens to its break-even output?
- 12th August 2002Identify one direct cost of training.
- 13th August 2002Explain why, according to Herzberg, simply raising pay may not increase motivation.
- 14th August 2002Define business ethics.
- 15th August 2002Give one reason e-commerce might exclude some customers.
- 16th August 2002Give one way technology allows a business to target its promotion more precisely than traditional mass-media advertising.
- 17th August 2002Why must promotion be consistent with the rest of the marketing mix?
- 18th August 2002A bakery makes 200 white loaves, then 150 wholemeal, then 100 seeded. Name the process and explain how you can tell.
- 19th August 2002List four stages of a typical sales process.
- 20th August 2002Explain why a change in the law can force a business to change how it operates.
- 21st August 2002Explain why most private sector businesses aim to make a profit.
- 22nd August 2002Give one reason a well-established plc might prioritise profit maximisation over survival.
- 23rd August 2002Explain why a profitable business can still fail.
- 24th August 2002A business has revenue of 25,000 pounds, cost of sales of 15,000 pounds and expenses of 6,000 pounds. Calculate its gross profit margin and net profit margin.
- 25th August 2002What does the net profit margin measure?
- 26th August 2002State one disadvantage of centralisation.
- 27th August 2002Explain one reason high labour turnover can reduce productivity.
- 28th August 2002State the three main standards goods must meet under the Consumer Rights Act 2015.
- 29th August 2002Define globalisation.
- 30th August 2002State the effect of an appreciating pound on the cost of imports to a UK business.
- 31st August 2002A business cuts its price significantly. Give one other element of the mix it may also need to change, and why.