Daily Practice · GCSE Business
February 2003 5-a-day
Every sheet in February 2003
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st February 2003On a break-even chart, what does the point where the total cost and total revenue lines cross represent?
- 2nd February 2003A start-up needs 200,000 pounds to buy premises it will use for the next 20 years. Is this a short-term or a long-term finance need? Explain.
- 3rd February 2003Explain one advantage to an employee of flexible working.
- 4th February 2003State one benefit of off-the-job training over on-the-job training.
- 5th February 2003Define a unique selling point (USP).
- 6th February 2003Define market share.
- 7th February 2003A pie chart shows a business's sales by region: North 20%, South 45%, East 15%, West 20%. Which region has the smallest share of sales?
- 8th February 2003A business has sales of 150,000 pounds in a market with total sales of 1,200,000 pounds. Calculate its market share.
- 9th February 2003Why might a business keep a 'dog' product in its portfolio, rather than withdrawing it immediately?
- 10th February 2003State the difference between quality control and quality assurance.
- 11th February 2003Distinguish between internal and external failure costs.
- 12th February 2003Explain the two ways a business can increase its profit.
- 13th February 2003Give one document that partners typically draw up when forming a partnership.
- 14th February 2003Explain why spotting a trend early can benefit an entrepreneur.
- 15th February 2003Give one example of a current asset and one example of a current liability.
- 16th February 2003State the formula for gross profit.
- 17th February 2003Identify whether a business with 3 levels of hierarchy and wide spans of control is a tall or a flat structure.
- 18th February 2003State what job rotation means.
- 19th February 2003Give one example of technology used in human resources.
- 20th February 2003State the four main stages of the business cycle.
- 21st February 2003State which UK institution sets the base rate that heavily influences interest rates.
- 22nd February 2003Give one sign in a case study that a business's marketing mix is inconsistent.
- 23rd February 2003What is a direct distribution channel?
- 24th February 2003A business handles 600 enquiries a month, each taking 5 minutes of staff time at 13 pounds an hour. Calculate the monthly labour cost.
- 25th February 2003Define productivity and state the formula.
- 26th February 2003State one ownership structure that is generally quicker and cheaper to set up than a private limited company.
- 27th February 2003Identify one source of new business ideas, other than spotting a gap in the market.
- 28th February 2003Name one stakeholder group, other than shareholders and employees, that a new factory would affect.