Daily Practice · GCSE Business
September 2004 5-a-day
Every sheet in September 2004
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st September 2004A factory uses 300 components a day and its supplier's lead time is 4 days. It holds a buffer of 500 components. Calculate the reorder level.
- 2nd September 2004Why does supplier capacity matter to a growing business?
- 3rd September 2004State one risk specific to growth through a merger or takeover, other than cost.
- 4th September 2004Define adding value in a business context.
- 5th September 2004Identify which location factor matters most to a business that relies heavily on passing trade.
- 6th September 2004What is the difference between start-up capital and working capital?
- 7th September 2004What does the margin of safety measure?
- 8th September 2004Give one reason a business might prefer leasing equipment rather than buying it outright with a loan.
- 9th September 2004Give one advantage to an employer of part-time contracts.
- 10th September 2004Give one advantage of on-the-job training.
- 11th September 2004Explain how strong branding can help a business differentiate.
- 12th September 2004Give one benefit to consumers of a highly competitive market.
- 13th September 2004What is meant by a 'random sample'?
- 14th September 2004A business has sales of 150,000 pounds in a market with total sales of 1,200,000 pounds. Calculate its market share.
- 15th September 2004Give one example of an extension strategy.
- 16th September 2004Give three costs to a business of poor quality.
- 17th September 2004Why should a business look for the cause rather than fixing each faulty item?
- 18th September 2004State the formula for total revenue.
- 19th September 2004State where the shares of a public limited company (plc) can be bought and sold.
- 20th September 2004State the difference between invention and innovation.
- 21st September 2004Explain, in one sentence, how a profitable business could still run out of cash.
- 22nd September 2004State the formula for gross profit.
- 23rd September 2004Explain what chain of command means.
- 24th September 2004State the difference between a wage and a salary.
- 25th September 2004Define computer-aided manufacture (CAM).
- 26th September 2004Explain why rising unemployment during a recession can reduce a business's sales.
- 27th September 2004Explain one effect of a rise in interest rates on a business with a variable-rate loan.
- 28th September 2004A business raises its price significantly to reposition as premium. Name one other element of the mix it is also likely to need to change.
- 29th September 2004Give one cost e-commerce can reduce for a small business compared with running physical stores.
- 30th September 2004Define e-commerce and give one benefit for a small business.