Daily Practice · GCSE Business
November 2005 5-a-day
Every sheet in November 2005
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st November 2005A market trader sells umbrellas only on days when rain is forecast. Suggest what gap in the market they are meeting.
- 2nd November 2005Give an example of a SMART objective for a cafe aiming to grow.
- 3rd November 2005Identify the term for a business having too little start-up finance to survive its early months.
- 4th November 2005A business has revenue of 90,000 pounds and net profit of 18,000 pounds. Calculate its net profit margin.
- 5th November 2005Name one limitation of using ratio analysis to judge business performance.
- 6th November 2005Identify one likely effect of delayering on remaining managers' span of control.
- 7th November 2005Give one non-pay reason an employee might leave a job.
- 8th November 2005State the length of the short-term right to reject faulty goods for a full refund.
- 9th November 2005Define an import.
- 10th November 2005Using the same order, if the pound then depreciates to 1 pound = 1.00 euro, calculate the new cost in pounds and state whether the importer is better or worse off.
- 11th November 2005Give one example of a 'Product' decision, other than its physical features.
- 12th November 2005State one reason a business selling in a highly price-sensitive, budget market might deliberately limit a product's aesthetics.
- 13th November 2005Define lead time.
- 14th November 2005List five criteria a business uses to choose a supplier.
- 15th November 2005State one risk specific to growth through a merger or takeover, other than cost.
- 16th November 2005Define adding value in a business context.
- 17th November 2005Identify which location factor matters most to a business that relies heavily on passing trade.
- 18th November 2005Give one example of a start-up cost for a new hairdressing salon.
- 19th November 2005On a break-even chart, what does the point where the total cost and total revenue lines cross represent?
- 20th November 2005A start-up needs 200,000 pounds to buy premises it will use for the next 20 years. Is this a short-term or a long-term finance need? Explain.
- 21st November 2005Explain one advantage to an employee of flexible working.
- 22nd November 2005State one benefit of off-the-job training over on-the-job training.
- 23rd November 2005Define a unique selling point (USP).
- 24th November 2005Define market share.
- 25th November 2005A pie chart shows a business's sales by region: North 20%, South 45%, East 15%, West 20%. Which region has the smallest share of sales?
- 26th November 2005Which pricing strategy involves setting a low price to enter a market and quickly build market share?
- 27th November 2005Why might a business keep a 'dog' product in its portfolio, rather than withdrawing it immediately?
- 28th November 2005State the difference between quality control and quality assurance.
- 29th November 2005Distinguish between internal and external failure costs.
- 30th November 2005Explain the two ways a business can increase its profit.