Daily Practice · GCSE Business
March 2003 5-a-day
Every sheet in March 2003
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st March 2003State one reason a franchise is generally considered lower risk than an independent start-up.
- 2nd March 2003Give one drawback of using retained profit to finance expansion.
- 3rd March 2003On which financial statement does capital expenditure appear, and as what?
- 4th March 2003State one reason a business might use a recruitment agency rather than advertise a vacancy itself.
- 5th March 2003State the difference between a job description and a person specification.
- 6th March 2003State one duty an employer has under health and safety law.
- 7th March 2003Give one cost to a business of complying with new legislation.
- 8th March 2003What is the difference between primary and secondary market research?
- 9th March 2003During which stage of the product life cycle are sales typically at their highest?
- 10th March 2003Give one way a business builds brand recognition through the marketing mix, other than the product itself.
- 11th March 2003Explain why a supplier's poor quality is a problem even when the business itself checks the goods.
- 12th March 2003Define lean production.
- 13th March 2003State one way a business might respond to falling consumer spending during a recession.
- 14th March 2003Explain why a business should carry out market research before launching a new product.
- 15th March 2003State one section usually included in a business plan.
- 16th March 2003Give one consequence a business could face if it runs out of cash to pay its suppliers.
- 17th March 2003What becomes the opening balance for April if a business's closing balance for March is 1,300 pounds?
- 18th March 2003Give one possible drawback of raising the selling price to lower the break-even output.
- 19th March 2003Explain one reason training can improve staff motivation.
- 20th March 2003State who developed the two-factor theory of motivation.
- 21st March 2003State one example of an unethical business practice.
- 22nd March 2003Explain what click-through rate measures.
- 23rd March 2003Why can online price comparison tools increase competition between businesses?
- 24th March 2003Give one example of a sales promotion technique.
- 25th March 2003Explain one drawback of batch production.
- 26th March 2003Explain why keeping an existing customer is usually cheaper than winning a new one.
- 27th March 2003State one reason a change in consumer tastes might force a food business to change its menu.
- 28th March 2003Identify whether a haircut is a good or a service.
- 29th March 2003What does the M stand for in a SMART objective?
- 30th March 2003State one internal cause of new business failure.
- 31st March 2003Why is it useful to express profit as a percentage of revenue rather than just stating the pound amount of profit?