Daily Practice · GCSE Business
December 2003 5-a-day
Every sheet in December 2003
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st December 2003A business has fixed costs of 3,000 pounds and variable costs of 4,500 pounds. Calculate its total costs.
- 2nd December 2003State the number of owners a standard partnership usually has.
- 3rd December 2003Give one method a business would use to check that a spotted opportunity reflects genuine customer demand.
- 4th December 2003Give one way a business could improve its working capital.
- 5th December 2003What does the statement of financial position show?
- 6th December 2003Give one advantage of a wide span of control.
- 7th December 2003Give one non-financial method of motivation.
- 8th December 2003Explain why automation can reduce a business's unit costs.
- 9th December 2003Give an example of an indirect tax.
- 10th December 2003State what CPI stands for.
- 11th December 2003What should be the starting point when designing a marketing mix?
- 12th December 2003State one disadvantage of a direct distribution channel.
- 13th December 2003Why must a business selling online take data protection seriously?
- 14th December 2003Explain one benefit of computer aided design.
- 15th December 2003Give one disadvantage of an unincorporated structure such as a sole trader compared with a Ltd.
- 16th December 2003Define entrepreneur.
- 17th December 2003Define the term stakeholder.
- 18th December 2003Explain the general relationship between risk and potential reward in business.
- 19th December 2003A business borrows 5,000 pounds at a simple interest rate of 4% per year, repaid after 2 years. Calculate the total interest paid.
- 20th December 2003What is revenue expenditure?
- 21st December 2003Explain one disadvantage of external recruitment.
- 22nd December 2003Explain one benefit to a business of using a person specification when shortlisting applicants.
- 23rd December 2003Name the UK law that makes it illegal to discriminate against employees based on protected characteristics such as age, sex or disability.
- 24th December 2003State the difference between legislation and ethics.
- 25th December 2003Name three variables a business could use to segment a market.
- 26th December 2003Name the four stages of the product life cycle in order.
- 27th December 2003What is a 'brand extension'?
- 28th December 2003Give one reason a business might pay more to source locally.
- 29th December 2003A business produces 3,600 units a week with 12 workers. After changes it produces 4,500 with the same 12. Calculate the percentage rise in productivity.
- 30th December 2003Give one reason an entrepreneur might delay launching a new business during an economic downturn.
- 31st December 2003Give one example of a primary market research method.