Daily Practice · GCSE Business
April 2003 5-a-day
Every sheet in April 2003
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st April 2003A business's net profit margin rises from 8% to 11%. Calculate the change in percentage points.
- 2nd April 2003State what delayering means.
- 3rd April 2003State the formula for labour turnover rate.
- 4th April 2003State one cost to a business of dealing with a faulty product return.
- 5th April 2003Explain one effect of a tariff on the price UK consumers pay for an imported good.
- 6th April 2003State what it means when the pound appreciates.
- 7th April 2003Name the 4Ps of the marketing mix.
- 8th April 2003What does 'function' mean in the design mix?
- 9th April 2003A factory uses 300 components a day and its supplier's lead time is 4 days. It holds a buffer of 500 components. Calculate the reorder level.
- 10th April 2003Why does supplier capacity matter to a growing business?
- 11th April 2003Give one example of an economy of scale.
- 12th April 2003State one risk of trying to compete only by cutting price rather than adding genuine value.
- 13th April 2003State one factor that influences where a business chooses to locate.
- 14th April 2003What is the difference between start-up capital and working capital?
- 15th April 2003What does the margin of safety measure?
- 16th April 2003Give one reason a business might prefer leasing equipment rather than buying it outright with a loan.
- 17th April 2003Give one advantage to an employer of part-time contracts.
- 18th April 2003Give one advantage of on-the-job training.
- 19th April 2003Explain how strong branding can help a business differentiate.
- 20th April 2003Give one benefit to consumers of a highly competitive market.
- 21st April 2003What is meant by a 'random sample'?
- 22nd April 2003A product costs 12 pounds to make and the business wants a 25% markup. Calculate the selling price.
- 23rd April 2003Give one example of an extension strategy.
- 24th April 2003Give three costs to a business of poor quality.
- 25th April 2003Why should a business look for the cause rather than fixing each faulty item?
- 26th April 2003State the formula for total revenue.
- 27th April 2003State where the shares of a public limited company (plc) can be bought and sold.
- 28th April 2003Define what is meant by the dynamic nature of the business environment.
- 29th April 2003Explain, in one sentence, how a profitable business could still run out of cash.
- 30th April 2003A business has gross profit of 35,000 pounds and expenses of 22,000 pounds. Calculate its net profit.