Daily Practice · GCSE Business
July 2003 5-a-day
Every sheet in July 2003
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st July 2003State one reason a USP needs to be difficult for competitors to copy.
- 2nd July 2003Give one way a business can find out about its competitors.
- 3rd July 2003Why is a larger sample size generally more reliable than a smaller one?
- 4th July 2003What is cost-plus pricing?
- 5th July 2003Why is having a balanced product portfolio, with products in different Boston Matrix categories, useful to a business?
- 6th July 2003Give one reason a business might advertise an external quality standard such as ISO certification.
- 7th July 2003Explain how consistent quality supports a higher price.
- 8th July 2003State the formula for profit.
- 9th July 2003Explain the difference between limited and unlimited liability in one sentence.
- 10th July 2003State the difference between invention and innovation.
- 11th July 2003A business has current assets of 25,000 pounds and current liabilities of 31,000 pounds. Calculate its working capital and state what this suggests.
- 12th July 2003Give one example of an asset and one example of a liability on a statement of financial position.
- 13th July 2003A shop owner supervises 4 shift leaders, and each shift leader supervises 8 sales assistants. State the shop owner's span of control.
- 14th July 2003State one non-financial reward that could improve staff motivation without extra pay.
- 15th July 2003Explain one reason a small business might be slower than a large business to adopt new technology.
- 16th July 2003Explain why a rise in corporation tax could reduce how much a business invests.
- 17th July 2003Explain one way high unemployment could benefit a business's recruitment.
- 18th July 2003State one consequence for a business of running an inconsistent marketing mix.
- 19th July 2003State one advantage of an indirect distribution channel.
- 20th July 2003Explain why social media complaints need a faster response than emails.
- 21st July 2003A factory produces 9,600 units a week with 16 workers. Calculate output per worker.
- 22nd July 2003Explain why a growing business might change from being a sole trader to a private limited company.
- 23rd July 2003Give one reason creativity is a valuable quality for an entrepreneur.
- 24th July 2003Identify whether the local community is an internal or external stakeholder.
- 25th July 2003State one non-financial reward an entrepreneur might gain from running their own business.
- 26th July 2003Give one advantage and one drawback of trade credit.
- 27th July 2003Is paying the electricity bill capital or revenue expenditure? Explain.
- 28th July 2003State one selection method used to test a candidate's communication skills.
- 29th July 2003Give one item typically found in a person specification.
- 30th July 2003Give one cost to a business of providing full health and safety training to all staff.
- 31st July 2003Give an example of a data protection duty a business has.