Daily Practice · GCSE Business
February 2007 5-a-day
Every sheet in February 2007
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st February 2007State two factors a business owner should consider when choosing a source of finance.
- 2nd February 2007State what a contract of employment sets out.
- 3rd February 2007State one disadvantage of off-the-job training.
- 4th February 2007Define differentiation.
- 5th February 2007State one effect of strong competition on the prices a business can charge.
- 6th February 2007A business's sales rose from 60,000 pounds to 75,000 pounds. Calculate the percentage increase.
- 7th February 2007What is price discrimination?
- 8th February 2007What two factors does the Boston Matrix measure?
- 9th February 2007A business makes 8,000 units a month and rejects 2.5 per cent. Calculate the number rejected.
- 10th February 2007Give three ways a business can identify quality problems.
- 11th February 2007Identify whether rent is a fixed cost or a variable cost.
- 12th February 2007State the ownership structure that has one owner and unlimited liability.
- 13th February 2007State the difference between invention and innovation.
- 14th February 2007Why is cash considered more liquid than stock, even though both can be current assets?
- 15th February 2007What does the statement of financial position show?
- 16th February 2007State one disadvantage of a narrow span of control.
- 17th February 2007Identify one example of job enrichment.
- 18th February 2007State one risk to a business of storing customer data online.
- 19th February 2007State one type of business that might see demand rise during a recession.
- 20th February 2007Define unemployment.
- 21st February 2007True or false: a marketing mix that worked well at launch will always remain the correct mix for the rest of the product's life.
- 22nd February 2007What is a wholesaler?
- 23rd February 2007Give one operational cost that e-commerce creates which a shop does not have.
- 24th February 2007Why does technology investment need to be judged against demand rather than cost alone?
- 25th February 2007Explain why a growing business might change from being a sole trader to a private limited company.
- 26th February 2007Give one reason creativity is a valuable quality for an entrepreneur.
- 27th February 2007Identify whether shareholders are internal or external stakeholders.
- 28th February 2007State one non-financial reward an entrepreneur might gain from running their own business.