Daily Practice · GCSE Business
March 2004 5-a-day
Every sheet in March 2004
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st March 2004Is retained profit an internal or an external source of finance?
- 2nd March 2004Is buying a new shop premises capital or revenue expenditure? Explain.
- 3rd March 2004Identify one method of external recruitment.
- 4th March 2004State one recruitment document used to help write a job advert.
- 5th March 2004Name the UK law that requires employers to protect the health, safety and welfare of their employees.
- 6th March 2004Explain why legislation is described as an external influence on business.
- 7th March 2004What is meant by a 'representative sample'?
- 8th March 2004State one marketing mix change a business might make during the decline stage.
- 9th March 2004What is brand loyalty?
- 10th March 2004State one advantage and one disadvantage of using a single supplier.
- 11th March 2004Explain what kaizen means and why employee involvement is essential to it.
- 12th March 2004State the three stages of the economic, or business, cycle referred to in this topic.
- 13th March 2004State the difference between primary and secondary market research.
- 14th March 2004Give one piece of information a bank would want to see in a business plan before agreeing a loan.
- 15th March 2004What is meant by a 'cash-flow problem'?
- 16th March 2004A business forecasts an opening balance of -500 pounds for June, inflows of 4,000 pounds and outflows of 3,200 pounds. Calculate the closing balance.
- 17th March 2004Using your answer above, if fixed costs are 3,600 pounds, calculate the break-even output.
- 18th March 2004Identify one legal reason a business must provide training.
- 19th March 2004State one way a business could apply Herzberg's theory to motivate staff beyond paying them more.
- 20th March 2004Explain one risk to a business of being exposed for unethical behaviour.
- 21st March 2004Define search engine optimisation (SEO).
- 22nd March 2004State one risk to a business's reputation created by social media and online reviews.
- 23rd March 2004Give one advantage of digital promotion over traditional above the line advertising.
- 24th March 2004Give one reason a job production business might charge a higher price.
- 25th March 2004How can good customer service justify a higher price?
- 26th March 2004Identify one risk to a business that fails to adapt to a significant change in its external environment.
- 27th March 2004State the difference between a good and a service.
- 28th March 2004State one non-financial aim a business might have.
- 29th March 2004State one action a new business owner could take to reduce the risk of cash-flow problems.
- 30th March 2004State the formula for gross profit margin.
- 31st March 2004A business's gross profit margin falls from 35% to 30%. State whether this is an improvement or a decline.