Daily Practice · GCSE Business
December 2002 5-a-day
Every sheet in December 2002
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st December 2002Identify whether rent is a fixed cost or a variable cost.
- 2nd December 2002State the ownership structure that has one owner and unlimited liability.
- 3rd December 2002Identify one source of change that can create new business opportunities.
- 4th December 2002Why is cash considered more liquid than stock, even though both can be current assets?
- 5th December 2002State the formula for net profit.
- 6th December 2002State one disadvantage of a narrow span of control.
- 7th December 2002Identify one example of job enrichment.
- 8th December 2002State one risk to a business of storing customer data online.
- 9th December 2002State one type of business that might see demand rise during a recession.
- 10th December 2002Define unemployment.
- 11th December 2002True or false: a marketing mix that worked well at launch will always remain the correct mix for the rest of the product's life.
- 12th December 2002What is a wholesaler?
- 13th December 2002Give one operational cost that e-commerce creates which a shop does not have.
- 14th December 2002Why does technology investment need to be judged against demand rather than cost alone?
- 15th December 2002State what a franchisee pays a franchisor for.
- 16th December 2002State one quality commonly associated with successful entrepreneurs.
- 17th December 2002Identify whether shareholders are internal or external stakeholders.
- 18th December 2002Give one method an entrepreneur can use to reduce, not remove, the risk of a new venture.
- 19th December 2002Why might a sole trader be unable to raise finance through share capital?
- 20th December 2002A business buys office furniture for 3,200 pounds and pays 1,800 pounds in staff wages in the same month. Calculate its total capital expenditure for the month.
- 21st December 2002Give one advantage of internal recruitment.
- 22nd December 2002State one risk to a business of recruiting without a clear job description.
- 23rd December 2002Give one example of a protected characteristic under the Equality Act 2010.
- 24th December 2002State one risk to a business of breaking the law.
- 25th December 2002A business segments its market by income. Give one product example that suits income-based segmentation.
- 26th December 2002True or false: every product follows the product life cycle at the same speed.
- 27th December 2002Give one benefit to a business of strong brand recognition.
- 28th December 2002Why can poor conditions at a supplier damage a business that does not own that supplier?
- 29th December 2002Give one reason a business might prefer lean methods to buying automated machinery.
- 30th December 2002State the three stages of the economic, or business, cycle referred to in this topic.
- 31st December 2002State the difference between primary and secondary market research.