Daily Practice · GCSE Business
November 2004 5-a-day
Every sheet in November 2004
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st November 2004State one reason why entrepreneurs take on risk when starting a business.
- 2nd November 2004Identify one common aim of a brand new start-up business.
- 3rd November 2004Give one reason poor market research increases the risk of a new business failing.
- 4th November 2004A business calculates a net profit margin of 45% and a gross profit margin of 30% for the same year. Explain why this result must be wrong.
- 5th November 2004What does the gross profit margin measure?
- 6th November 2004Explain one advantage of decentralisation.
- 7th November 2004State one method a business could use to improve staff retention.
- 8th November 2004Name the main UK law protecting consumers when buying goods.
- 9th November 2004State one way improved transport has supported globalisation.
- 10th November 2004State what it means when the pound depreciates.
- 11th November 2004Which element of the marketing mix refers to how a business communicates with and persuades its customers?
- 12th November 2004Give one example of an aesthetic feature of a product.
- 13th November 2004State two consequences of holding too little stock.
- 14th November 2004Give one reason a business might publicise its supplier standards.
- 15th November 2004Identify which type of growth, organic or external, a merger is an example of.
- 16th November 2004Explain how excellent customer service can add value to a service business.
- 17th November 2004Give one non-financial factor, other than transport, that might influence a service business's location choice.
- 18th November 2004Is buying a delivery van a capital expenditure or a revenue expenditure? Explain your answer.
- 19th November 2004State the formula for break-even output.
- 20th November 2004Why can a sole trader not raise finance through share capital?
- 21st November 2004State one reason a business might prefer full-time contracts for its key staff.
- 22nd November 2004Identify one example of off-the-job training.
- 23rd November 2004State one reason a USP needs to be difficult for competitors to copy.
- 24th November 2004Give one way a business can find out about its competitors.
- 25th November 2004Why is a larger sample size generally more reliable than a smaller one?
- 26th November 2004A product costs 12 pounds to make and the business wants a 25% markup. Calculate the selling price.
- 27th November 2004Why is having a balanced product portfolio, with products in different Boston Matrix categories, useful to a business?
- 28th November 2004Give one reason a business might advertise an external quality standard such as ISO certification.
- 29th November 2004Explain how consistent quality supports a higher price.
- 30th November 2004State the formula for profit.