Daily Practice · GCSE Business
August 2003 5-a-day
Every sheet in August 2003
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st August 2003Why might a focus group be more useful than a questionnaire for testing a new product concept?
- 2nd August 2003What shape does a typical product life cycle sales graph take?
- 3rd August 2003Why can strong branding allow a business to charge a premium price?
- 4th August 2003Give three criteria a business uses when choosing a supplier.
- 5th August 2003State two benefits of cell production compared with a long assembly line.
- 6th August 2003Explain why businesses selling non-essential, expensive products are often affected more by a recession than businesses selling essentials.
- 7th August 2003Define market segmentation.
- 8th August 2003Give one reason a business plan helps the entrepreneur themselves, not just outside lenders.
- 9th August 2003Why can a profitable business still become insolvent?
- 10th August 2003State the formula for net cash flow.
- 11th August 2003The same business's fixed costs rise to 6,500 pounds, with the contribution per unit unchanged. Calculate the new break-even output.
- 12th August 2003State one way a business could measure whether training has been effective.
- 13th August 2003State what Herzberg claimed happens if hygiene factors are inadequate.
- 14th August 2003State one example of an environmental issue a business might cause.
- 15th August 2003State one benefit of e-commerce over selling in a physical shop.
- 16th August 2003Give one benefit to a small business of selling through e-commerce rather than only a physical store.
- 17th August 2003What is sponsorship, in a marketing context?
- 18th August 2003A business making 500,000 identical plastic bottles a day has total costs of 60,000 pounds a day. Calculate the unit cost.
- 19th August 2003State two costs of providing excellent customer service.
- 20th August 2003Give an example of a change in technology that has affected how many UK retailers operate.
- 21st August 2003What term describes the process of identifying a gap in the market and taking the risk to fill it?
- 22nd August 2003State the difference between an aim and an objective.
- 23rd August 2003Give one reason poor market research increases the risk of a new business failing.
- 24th August 2003State the formula for net profit margin.
- 25th August 2003Why is comparing a ratio to a previous year usually more useful than looking at the ratio for a single year alone?
- 26th August 2003State one reason a business might delayer its structure.
- 27th August 2003Identify one cost to a business of high staff turnover.
- 28th August 2003Give one remedy available to a consumer after the 30-day period has passed.
- 29th August 2003State what a tariff is.
- 30th August 2003If the exchange rate is 1 pound = 1.20 euros and a UK business imports goods costing 6,000 euros, calculate the cost in pounds.
- 31st August 2003State one decision a business makes under 'Place'.