Daily Practice · GCSE Business
January 2003 5-a-day
Every sheet in January 2003
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st January 2003Give one piece of information a bank would want to see in a business plan before agreeing a loan.
- 2nd January 2003Give one solution a business could use if late-paying customers are causing its cash-flow problem.
- 3rd January 2003Why might a business prepare a cash-flow forecast even if it expects to be profitable for the year?
- 4th January 2003A business's selling price is 15 pounds and variable cost per unit is 9 pounds. Calculate the contribution per unit.
- 5th January 2003State one benefit of training to a business.
- 6th January 2003Identify which category opportunities for promotion belongs to under Herzberg's theory.
- 7th January 2003Give one reason ethical sourcing can increase a business's costs.
- 8th January 2003Give one drawback of e-commerce for a business.
- 9th January 2003Give one cost or resource a business needs in order to run digital marketing effectively.
- 10th January 2003State one risk of using frequent sales promotions such as heavy discounting.
- 11th January 2003Define job production and give one example.
- 12th January 2003Why is a single poor service experience more damaging online than in a shop?
- 13th January 2003Identify one risk to a business that fails to adapt to a significant change in its external environment.
- 14th January 2003A market trader sells umbrellas only on days when rain is forecast. Suggest what gap in the market they are meeting.
- 15th January 2003Give an example of a SMART objective for a cafe aiming to grow.
- 16th January 2003State one action a new business owner could take to reduce the risk of cash-flow problems.
- 17th January 2003A business has revenue of 90,000 pounds and net profit of 18,000 pounds. Calculate its net profit margin.
- 18th January 2003Name one limitation of using ratio analysis to judge business performance.
- 19th January 2003Identify one likely effect of delayering on remaining managers' span of control.
- 20th January 2003Give one non-pay reason an employee might leave a job.
- 21st January 2003State the length of the short-term right to reject faulty goods for a full refund.
- 22nd January 2003Define an import.
- 23rd January 2003Using the same order, if the pound then depreciates to 1 pound = 1.00 euro, calculate the new cost in pounds and state whether the importer is better or worse off.
- 24th January 2003Give one example of a 'Product' decision, other than its physical features.
- 25th January 2003State one reason a business selling in a highly price-sensitive, budget market might deliberately limit a product's aesthetics.
- 26th January 2003Define lead time.
- 27th January 2003List five criteria a business uses to choose a supplier.
- 28th January 2003Define overtrading.
- 29th January 2003State one method a business can use to add value to its product.
- 30th January 2003Explain why access to good transport links matters to a business that delivers goods nationally.
- 31st January 2003Give one example of a start-up cost for a new hairdressing salon.