Daily Practice · GCSE Business
August 2006 5-a-day
Every sheet in August 2006
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st August 2006Give one reason a fashion product might have a shorter product life cycle than a household appliance.
- 2nd August 2006What is meant by 'brand equity'?
- 3rd August 2006Explain how trade credit affects a small business's cash flow.
- 4th August 2006Explain one risk of removing all buffer stock as part of lean production.
- 5th August 2006State the three stages of the economic, or business, cycle referred to in this topic.
- 6th August 2006State the difference between primary and secondary market research.
- 7th August 2006Give one piece of information a bank would want to see in a business plan before agreeing a loan.
- 8th August 2006State one drawback of using an overdraft to solve a cash-flow problem.
- 9th August 2006A business has an opening balance of 1,000 pounds, inflows of 6,000 pounds and outflows of 5,200 pounds for the month. Calculate its closing balance.
- 10th August 2006If fixed costs rise but the contribution per unit stays the same, what happens to the break-even output?
- 11th August 2006Give one indirect cost of training.
- 12th August 2006Give one example of a motivator under Herzberg's theory.
- 13th August 2006State one way a business can benefit from being seen as environmentally friendly.
- 14th August 2006State what pay-per-click (PPC) advertising means.
- 15th August 2006What is search engine optimisation, and what is its purpose in marketing?
- 16th August 2006What is public relations?
- 17th August 2006State two advantages of flow production.
- 18th August 2006Explain why product knowledge reduces returns as well as increasing sales.
- 19th August 2006Identify one risk to a business that fails to adapt to a significant change in its external environment.
- 20th August 2006Give an example of a want, as opposed to a need.
- 21st August 2006Explain why a business's aims might change after it takes on outside investors.
- 22nd August 2006State one action a new business owner could take to reduce the risk of cash-flow problems.
- 23rd August 2006A business has revenue of 40,000 pounds and gross profit of 16,000 pounds. Calculate its gross profit margin.
- 24th August 2006Give one reason a business's net profit margin might fall even if its gross profit margin stays the same.
- 25th August 2006Give one advantage of centralisation.
- 26th August 2006Identify what a persistently high labour turnover rate might suggest about a business.
- 27th August 2006Explain why accurate product descriptions benefit a business, as well as being a legal requirement.
- 28th August 2006Give one reason globalisation has increased competition for UK businesses.
- 29th August 2006Define exchange rate.
- 30th August 2006True or false: each element of the marketing mix should be decided independently of the others.
- 31st August 2006A product for a safety-critical use, such as a car brake pad, should prioritise which element of the design mix, and why?