Daily Practice · GCSE Business
February 2006 5-a-day
Every sheet in February 2006
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st February 2006Give one reason a business might prefer leasing equipment rather than buying it outright with a loan.
- 2nd February 2006Give one advantage to an employer of part-time contracts.
- 3rd February 2006Give one advantage of on-the-job training.
- 4th February 2006Explain how strong branding can help a business differentiate.
- 5th February 2006Give one benefit to consumers of a highly competitive market.
- 6th February 2006What is meant by a 'random sample'?
- 7th February 2006A business sells 4,000 units at 10 pounds each. Calculate its total revenue.
- 8th February 2006Give one example of an extension strategy.
- 9th February 2006Give three costs to a business of poor quality.
- 10th February 2006Why should a business look for the cause rather than fixing each faulty item?
- 11th February 2006State the formula for total revenue.
- 12th February 2006State where the shares of a public limited company (plc) can be bought and sold.
- 13th February 2006Name a UK business that grew mainly by innovating an existing product, rather than inventing something entirely new.
- 14th February 2006Explain, in one sentence, how a profitable business could still run out of cash.
- 15th February 2006State the formula for net profit.
- 16th February 2006Explain what chain of command means.
- 17th February 2006State the difference between a wage and a salary.
- 18th February 2006Define computer-aided manufacture (CAM).
- 19th February 2006Explain why rising unemployment during a recession can reduce a business's sales.
- 20th February 2006Explain one effect of a rise in interest rates on a business with a variable-rate loan.
- 21st February 2006A business raises its price significantly to reposition as premium. Name one other element of the mix it is also likely to need to change.
- 22nd February 2006Give one cost e-commerce can reduce for a small business compared with running physical stores.
- 23rd February 2006Define e-commerce and give one benefit for a small business.
- 24th February 2006Explain how stock control software reduces costs.
- 25th February 2006Give one advantage of buying a franchise rather than starting an entirely independent business.
- 26th February 2006State one way an entrepreneur could generate a business idea without inventing something completely new.
- 27th February 2006State one reason shareholder and employee interests can conflict.
- 28th February 2006Define reward in the context of enterprise.