Daily Practice · GCSE Business
February 2004 5-a-day
Every sheet in February 2004
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st February 2004A product sells for 40 pounds and has a variable cost of 15 pounds per unit. Fixed costs are 5,000 pounds. Calculate the break-even output.
- 2nd February 2004Why might a lender be unwilling to give a large, unsecured loan to a brand-new business with no trading history?
- 3rd February 2004Identify the type of contract that has no guaranteed minimum hours.
- 4th February 2004Identify one purpose of induction training.
- 5th February 2004Give one risk of competing mainly on price rather than differentiating.
- 6th February 2004State one way a business could respond to a new competitor entering the market.
- 7th February 2004A line graph shows a product's sales rising steadily for three years then falling in year four. What might this pattern suggest about the product's position in the product life cycle?
- 8th February 2004What is a loss leader?
- 9th February 2004What is a 'star' in the Boston Matrix?
- 10th February 2004What is continuous improvement, and why does it depend on employees?
- 11th February 2004Give one reason employees are a good source of information about quality problems.
- 12th February 2004A shop sells 150 candles at 8 pounds each. Calculate its total revenue.
- 13th February 2004Name a well-known UK public limited company.
- 14th February 2004Identify one source of change that can create new business opportunities.
- 15th February 2004State the formula for working capital.
- 16th February 2004A business has revenue of 50,000 pounds and cost of sales of 21,000 pounds. Calculate its gross profit.
- 17th February 2004State what span of control measures.
- 18th February 2004Identify one financial method of motivation.
- 19th February 2004State one cost to a business of introducing new technology.
- 20th February 2004Give an example of a direct tax.
- 21st February 2004Define interest rate.
- 22nd February 2004Why is it useful to check a marketing mix against market segmentation data before evaluating it?
- 23rd February 2004What does 'omnichannel distribution' mean?
- 24th February 2004State two ways a website improves customer service without any staff involvement.
- 25th February 2004Give one way e-commerce changes a small retailer's operations.
- 26th February 2004State what a franchisee pays a franchisor for.
- 27th February 2004State one quality commonly associated with successful entrepreneurs.
- 28th February 2004Give one interest the government has as a stakeholder in a business.
- 29th February 2004Give one method an entrepreneur can use to reduce, not remove, the risk of a new venture.