Daily Practice · GCSE Business
September 2002 5-a-day
Every sheet in September 2002
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st September 2002Name the three elements of the design mix.
- 2nd September 2002Explain one benefit and one risk of just in time stock control.
- 3rd September 2002Define single sourcing and give one advantage.
- 4th September 2002State the difference between organic and external growth.
- 5th September 2002Identify why adding value can be more attractive to a business than competing purely on low price.
- 6th September 2002State one cost that is usually higher for premises in a town or city centre than on the edge of town.
- 7th September 2002State one reason an established business, not a start-up, might need finance.
- 8th September 2002A product sells for 40 pounds and has a variable cost of 15 pounds per unit. Fixed costs are 5,000 pounds. Calculate the break-even output.
- 9th September 2002Why might a lender be unwilling to give a large, unsecured loan to a brand-new business with no trading history?
- 10th September 2002Identify the type of contract that has no guaranteed minimum hours.
- 11th September 2002Identify one purpose of induction training.
- 12th September 2002Give one risk of competing mainly on price rather than differentiating.
- 13th September 2002State one way a business could respond to a new competitor entering the market.
- 14th September 2002A line graph shows a product's sales rising steadily for three years then falling in year four. What might this pattern suggest about the product's position in the product life cycle?
- 15th September 2002Which pricing strategy involves setting a low price to enter a market and quickly build market share?
- 16th September 2002What is a 'star' in the Boston Matrix?
- 17th September 2002What is continuous improvement, and why does it depend on employees?
- 18th September 2002Give one reason employees are a good source of information about quality problems.
- 19th September 2002A shop sells 150 candles at 8 pounds each. Calculate its total revenue.
- 20th September 2002Name a well-known UK public limited company.
- 21st September 2002Give one method a business would use to check that a spotted opportunity reflects genuine customer demand.
- 22nd September 2002State the formula for working capital.
- 23rd September 2002What does the income statement show?
- 24th September 2002State what span of control measures.
- 25th September 2002Identify one financial method of motivation.
- 26th September 2002State one cost to a business of introducing new technology.
- 27th September 2002Give an example of a direct tax.
- 28th September 2002Define interest rate.
- 29th September 2002Why is it useful to check a marketing mix against market segmentation data before evaluating it?
- 30th September 2002What does 'omnichannel distribution' mean?