Daily Practice · GCSE Business
September 2003 5-a-day
Every sheet in September 2003
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st September 2003Why does increasing a product's function or aesthetics usually increase its cost?
- 2nd September 2003Why is stock control especially important for a business selling fresh food?
- 3rd September 2003A supplier charges 4.80 pounds a unit for orders under 500 and 4.20 pounds for orders of 500 or more. A business needs 480 units. Should it order 500? Explain.
- 4th September 2003Identify which type of growth, organic or external, a merger is an example of.
- 5th September 2003Explain how excellent customer service can add value to a service business.
- 6th September 2003Give one non-financial factor, other than transport, that might influence a service business's location choice.
- 7th September 2003A start-up needs 6,000 pounds for equipment and 2,000 pounds for its first order of stock. Calculate its total start-up finance requirement.
- 8th September 2003State the formula for contribution per unit.
- 9th September 2003A sole trader needs finance but does not want to give up any control of her business. Which source should she avoid, and why?
- 10th September 2003State one disadvantage to an employee of a zero-hours contract.
- 11th September 2003State when induction training typically takes place.
- 12th September 2003Explain why successful differentiation can reduce a business's price sensitivity of demand.
- 13th September 2003Explain why a monopoly business can often charge higher prices.
- 14th September 2003A survey of 200 people found 90 preferred Brand A. Calculate the percentage who preferred Brand A.
- 15th September 2003Give one market condition that makes price skimming an appropriate strategy.
- 16th September 2003What is a 'cash cow' in the Boston Matrix?
- 17th September 2003Explain one benefit of making each worker responsible for checking their own work.
- 18th September 2003A business sells 5,000 units a month and 3 per cent are returned at a cost of 14 pounds each. Calculate the monthly cost of returns.
- 19th September 2003Identify whether the cost of raw materials is a fixed cost or a variable cost.
- 20th September 2003Identify the abbreviation added to the end of a private limited company's name.
- 21st September 2003Name a UK business that grew mainly by innovating an existing product, rather than inventing something entirely new.
- 22nd September 2003What is the key difference between cash and profit?
- 23rd September 2003What equation must always balance on a statement of financial position?
- 24th September 2003State one feature of a tall organisational structure.
- 25th September 2003Explain one drawback of relying only on financial rewards to motivate staff.
- 26th September 2003State one function of a business that can be affected by new technology.
- 27th September 2003Define a recession.
- 28th September 2003Define inflation.
- 29th September 2003Why might a business need to change its marketing mix as a product moves from growth to maturity in its life cycle?
- 30th September 2003Why might a business use both a website and physical stores rather than just one?