Daily Practice · GCSE Business
April 2005 5-a-day
Every sheet in April 2005
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st April 2005Give one advantage of centralisation.
- 2nd April 2005Identify what a persistently high labour turnover rate might suggest about a business.
- 3rd April 2005Explain why accurate product descriptions benefit a business, as well as being a legal requirement.
- 4th April 2005Give one reason globalisation has increased competition for UK businesses.
- 5th April 2005Define exchange rate.
- 6th April 2005True or false: each element of the marketing mix should be decided independently of the others.
- 7th April 2005A product for a safety-critical use, such as a car brake pad, should prioritise which element of the design mix, and why?
- 8th April 2005Explain how buffer stock protects a business, and state its cost.
- 9th April 2005Explain how credit terms can matter more than price to a small business.
- 10th April 2005Define economies of scale.
- 11th April 2005Give an example of a UK business that adds value through branding.
- 12th April 2005Give one reason a manufacturer might locate close to its raw material supplier.
- 13th April 2005Why might a profitable business still need extra finance?
- 14th April 2005A business has a break-even output of 300 units and currently sells 450 units. Calculate its margin of safety.
- 15th April 2005Why might a business choose an overdraft rather than a bank loan for a short-term cash-flow gap?
- 16th April 2005Identify one item usually included in a contract of employment.
- 17th April 2005Explain one disadvantage of on-the-job training.
- 18th April 2005State one way a business can differentiate through customer service.
- 19th April 2005Explain why a business's market share could fall even if its own sales revenue is rising.
- 20th April 2005Why might data collected five years ago be less reliable for a current marketing decision than data collected this year?
- 21st April 2005Give one market condition that makes price skimming an appropriate strategy.
- 22nd April 2005What is an extension strategy?
- 23rd April 2005Explain why quality matters more for a business selling online than for a market stall.
- 24th April 2005Explain why external failure usually costs more per unit than internal failure.
- 25th April 2005A business has fixed costs of 3,000 pounds and variable costs of 4,500 pounds. Calculate its total costs.
- 26th April 2005State the number of owners a standard partnership usually has.
- 27th April 2005Identify one source of change that can create new business opportunities.
- 28th April 2005Give one way a business could improve its working capital.
- 29th April 2005What equation must always balance on a statement of financial position?
- 30th April 2005Give one advantage of a wide span of control.