Daily Practice · GCSE Business
July 2004 5-a-day
Every sheet in July 2004
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st July 2004Define market share.
- 2nd July 2004A pie chart shows a business's sales by region: North 20%, South 45%, East 15%, West 20%. Which region has the smallest share of sales?
- 3rd July 2004A business sells 4,000 units at 10 pounds each. Calculate its total revenue.
- 4th July 2004Why might a business keep a 'dog' product in its portfolio, rather than withdrawing it immediately?
- 5th July 2004State the difference between quality control and quality assurance.
- 6th July 2004Distinguish between internal and external failure costs.
- 7th July 2004Explain the two ways a business can increase its profit.
- 8th July 2004Give one document that partners typically draw up when forming a partnership.
- 9th July 2004Define what is meant by the dynamic nature of the business environment.
- 10th July 2004Give one example of a current asset and one example of a current liability.
- 11th July 2004State the formula for net profit.
- 12th July 2004Identify whether a business with 3 levels of hierarchy and wide spans of control is a tall or a flat structure.
- 13th July 2004State what job rotation means.
- 14th July 2004Give one example of technology used in human resources.
- 15th July 2004State the four main stages of the business cycle.
- 16th July 2004State which UK institution sets the base rate that heavily influences interest rates.
- 17th July 2004Give one sign in a case study that a business's marketing mix is inconsistent.
- 18th July 2004What is a direct distribution channel?
- 19th July 2004A business handles 600 enquiries a month, each taking 5 minutes of staff time at 13 pounds an hour. Calculate the monthly labour cost.
- 20th July 2004Define productivity and state the formula.
- 21st July 2004Identify which type of ownership structure allows a business to raise finance by selling shares privately to a small number of investors.
- 22nd July 2004Explain why determination matters when starting a new business.
- 23rd July 2004Name one stakeholder group, other than shareholders and employees, that a new factory would affect.
- 24th July 2004Define risk in the context of enterprise.
- 25th July 2004Why might a sole trader be unable to raise finance through share capital?
- 26th July 2004On which financial statement does capital expenditure appear, and as what?
- 27th July 2004State one reason a business might use a recruitment agency rather than advertise a vacancy itself.
- 28th July 2004State the difference between a job description and a person specification.
- 29th July 2004State one duty an employer has under health and safety law.
- 30th July 2004Give one cost to a business of complying with new legislation.
- 31st July 2004A business segments its market by income. Give one product example that suits income-based segmentation.