Daily Practice · GCSE Business
February 2005 5-a-day
Every sheet in February 2005
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st February 2005A sole trader needs finance but does not want to give up any control of her business. Which source should she avoid, and why?
- 2nd February 2005State one disadvantage to an employee of a zero-hours contract.
- 3rd February 2005State when induction training typically takes place.
- 4th February 2005Explain why successful differentiation can reduce a business's price sensitivity of demand.
- 5th February 2005Explain why a monopoly business can often charge higher prices.
- 6th February 2005A survey of 200 people found 90 preferred Brand A. Calculate the percentage who preferred Brand A.
- 7th February 2005What is cost-plus pricing?
- 8th February 2005What is a 'cash cow' in the Boston Matrix?
- 9th February 2005Explain one benefit of making each worker responsible for checking their own work.
- 10th February 2005A business sells 5,000 units a month and 3 per cent are returned at a cost of 14 pounds each. Calculate the monthly cost of returns.
- 11th February 2005Identify whether the cost of raw materials is a fixed cost or a variable cost.
- 12th February 2005Identify the abbreviation added to the end of a private limited company's name.
- 13th February 2005Give one method a business would use to check that a spotted opportunity reflects genuine customer demand.
- 14th February 2005What is the key difference between cash and profit?
- 15th February 2005Give one example of an asset and one example of a liability on a statement of financial position.
- 16th February 2005State one feature of a tall organisational structure.
- 17th February 2005Explain one drawback of relying only on financial rewards to motivate staff.
- 18th February 2005State one function of a business that can be affected by new technology.
- 19th February 2005Define a recession.
- 20th February 2005Define inflation.
- 21st February 2005Why might a business need to change its marketing mix as a product moves from growth to maturity in its life cycle?
- 22nd February 2005Why might a business use both a website and physical stores rather than just one?
- 23rd February 2005Explain one benefit and one risk of using a chatbot for customer enquiries.
- 24th February 2005State two drawbacks of automating a production line.
- 25th February 2005Give one disadvantage of an unincorporated structure such as a sole trader compared with a Ltd.
- 26th February 2005Define entrepreneur.
- 27th February 2005State one interest a supplier has in the businesses it supplies.
- 28th February 2005Explain the general relationship between risk and potential reward in business.