Daily Practice · GCSE Business
November 2002 5-a-day
Every sheet in November 2002
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st November 2002Give one example of a business adapting successfully to a change in its external environment.
- 2nd November 2002State the difference between a good and a service.
- 3rd November 2002State one non-financial aim a business might have.
- 4th November 2002State one external cause of new business failure.
- 5th November 2002State the formula for gross profit margin.
- 6th November 2002A business's gross profit margin falls from 35% to 30%. State whether this is an improvement or a decline.
- 7th November 2002Identify one risk of decentralisation.
- 8th November 2002A shop had an average of 60 staff and 6 left in a year. Calculate the labour turnover rate.
- 9th November 2002Explain what fit for purpose means under consumer law.
- 10th November 2002Define an export.
- 11th November 2002State the effect of a depreciating pound on UK exporters' price competitiveness abroad.
- 12th November 2002Why should the 4Ps be based on the results of market segmentation?
- 13th November 2002True or false: the correct balance of the design mix is the same for every product.
- 14th November 2002State two costs of holding too much stock.
- 15th November 2002Explain one risk of sourcing from overseas.
- 16th November 2002Define economies of scale.
- 17th November 2002Give an example of a UK business that adds value through branding.
- 18th November 2002Give one reason a manufacturer might locate close to its raw material supplier.
- 19th November 2002What term describes finance needed to cover the gap between paying suppliers and being paid by customers?
- 20th November 2002What does 'break-even' mean?
- 21st November 2002State two factors a business owner should consider when choosing a source of finance.
- 22nd November 2002State what a contract of employment sets out.
- 23rd November 2002State one disadvantage of off-the-job training.
- 24th November 2002Define differentiation.
- 25th November 2002State one effect of strong competition on the prices a business can charge.
- 26th November 2002A business's sales rose from 60,000 pounds to 75,000 pounds. Calculate the percentage increase.
- 27th November 2002A business sells 4,000 units at 10 pounds each. Calculate its total revenue.
- 28th November 2002What two factors does the Boston Matrix measure?
- 29th November 2002A business makes 8,000 units a month and rejects 2.5 per cent. Calculate the number rejected.
- 30th November 2002Give three ways a business can identify quality problems.