Daily Practice · GCSE Business
November 2003 5-a-day
Every sheet in November 2003
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st November 2003Explain why a change in the law can force a business to change how it operates.
- 2nd November 2003Give an example of a want, as opposed to a need.
- 3rd November 2003Explain why a business's aims might change after it takes on outside investors.
- 4th November 2003Explain why a profitable business can still fail.
- 5th November 2003A business has revenue of 40,000 pounds and gross profit of 16,000 pounds. Calculate its gross profit margin.
- 6th November 2003Give one reason a business's net profit margin might fall even if its gross profit margin stays the same.
- 7th November 2003Give one advantage of centralisation.
- 8th November 2003Identify what a persistently high labour turnover rate might suggest about a business.
- 9th November 2003Explain why accurate product descriptions benefit a business, as well as being a legal requirement.
- 10th November 2003Give one reason globalisation has increased competition for UK businesses.
- 11th November 2003Define exchange rate.
- 12th November 2003True or false: each element of the marketing mix should be decided independently of the others.
- 13th November 2003A product for a safety-critical use, such as a car brake pad, should prioritise which element of the design mix, and why?
- 14th November 2003Explain how buffer stock protects a business, and state its cost.
- 15th November 2003Explain how credit terms can matter more than price to a small business.
- 16th November 2003State the difference between organic and external growth.
- 17th November 2003Identify why adding value can be more attractive to a business than competing purely on low price.
- 18th November 2003State one cost that is usually higher for premises in a town or city centre than on the edge of town.
- 19th November 2003Why might a profitable business still need extra finance?
- 20th November 2003A business has a break-even output of 300 units and currently sells 450 units. Calculate its margin of safety.
- 21st November 2003Why might a business choose an overdraft rather than a bank loan for a short-term cash-flow gap?
- 22nd November 2003Identify one item usually included in a contract of employment.
- 23rd November 2003Explain one disadvantage of on-the-job training.
- 24th November 2003State one way a business can differentiate through customer service.
- 25th November 2003Explain why a business's market share could fall even if its own sales revenue is rising.
- 26th November 2003Why might data collected five years ago be less reliable for a current marketing decision than data collected this year?
- 27th November 2003What is price discrimination?
- 28th November 2003What is an extension strategy?
- 29th November 2003Explain why quality matters more for a business selling online than for a market stall.
- 30th November 2003Explain why external failure usually costs more per unit than internal failure.