Daily Practice · GCSE Business
October 2004 5-a-day
Every sheet in October 2004
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st October 2004Explain how stock control software reduces costs.
- 2nd October 2004Explain why a growing business might change from being a sole trader to a private limited company.
- 3rd October 2004Give one reason creativity is a valuable quality for an entrepreneur.
- 4th October 2004State one reason shareholder and employee interests can conflict.
- 5th October 2004State one non-financial reward an entrepreneur might gain from running their own business.
- 6th October 2004Give one drawback of using retained profit to finance expansion.
- 7th October 2004Why does the classification of an item as capital or revenue expenditure matter for calculating that year's profit?
- 8th October 2004State the difference between recruitment and selection.
- 9th October 2004Identify one item typically found in a job description.
- 10th October 2004State what the National Minimum Wage and National Living Wage are.
- 11th October 2004State one area of business legislation.
- 12th October 2004What is the difference between primary and secondary market research?
- 13th October 2004Why is cash flow often negative during the introduction stage?
- 14th October 2004State one risk of a poorly judged brand extension.
- 15th October 2004Define supply chain.
- 16th October 2004Why does higher productivity usually reduce unit cost?
- 17th October 2004Explain why businesses selling non-essential, expensive products are often affected more by a recession than businesses selling essentials.
- 18th October 2004Define market segmentation.
- 19th October 2004Give one reason a business plan helps the entrepreneur themselves, not just outside lenders.
- 20th October 2004What is overtrading?
- 21st October 2004What is the difference between a cash inflow and a cash outflow?
- 22nd October 2004A business's contribution per unit is 10 pounds and its fixed costs are 5,000 pounds. Calculate its break-even output.
- 23rd October 2004State the difference between training and development.
- 24th October 2004Identify one example of a hygiene factor.
- 25th October 2004Explain why there can be a trade-off between acting ethically and making a profit.
- 26th October 2004Define e-commerce.
- 27th October 2004What is e-commerce?
- 28th October 2004What is the difference between above the line and below the line promotion?
- 29th October 2004Explain why flow production is risky if demand is unpredictable.
- 30th October 2004Give three examples of after-sales service.
- 31st October 2004Give an example of a change in technology that has affected how many UK retailers operate.