Daily Practice · GCSE Business
July 2007 5-a-day
Every sheet in July 2007
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st July 2007Give one benefit to consumers of a highly competitive market.
- 2nd July 2007What is meant by a 'random sample'?
- 3rd July 2007Which pricing strategy involves setting a low price to enter a market and quickly build market share?
- 4th July 2007Give one example of an extension strategy.
- 5th July 2007Give three costs to a business of poor quality.
- 6th July 2007Why should a business look for the cause rather than fixing each faulty item?
- 7th July 2007State the formula for total revenue.
- 8th July 2007State where the shares of a public limited company (plc) can be bought and sold.
- 9th July 2007Give one method a business would use to check that a spotted opportunity reflects genuine customer demand.
- 10th July 2007Explain, in one sentence, how a profitable business could still run out of cash.
- 11th July 2007What does the income statement show?
- 12th July 2007Explain what chain of command means.
- 13th July 2007State the difference between a wage and a salary.
- 14th July 2007Define computer-aided manufacture (CAM).
- 15th July 2007Explain why rising unemployment during a recession can reduce a business's sales.
- 16th July 2007Explain one effect of a rise in interest rates on a business with a variable-rate loan.
- 17th July 2007A business raises its price significantly to reposition as premium. Name one other element of the mix it is also likely to need to change.
- 18th July 2007Give one cost e-commerce can reduce for a small business compared with running physical stores.
- 19th July 2007Define e-commerce and give one benefit for a small business.
- 20th July 2007Explain how stock control software reduces costs.
- 21st July 2007Give one disadvantage of an unincorporated structure such as a sole trader compared with a Ltd.
- 22nd July 2007Define entrepreneur.
- 23rd July 2007State one reason shareholder and employee interests can conflict.
- 24th July 2007Explain the general relationship between risk and potential reward in business.
- 25th July 2007State one advantage of an overdraft as a source of finance.
- 26th July 2007Why does the classification of an item as capital or revenue expenditure matter for calculating that year's profit?
- 27th July 2007State the difference between recruitment and selection.
- 28th July 2007Identify one item typically found in a job description.
- 29th July 2007State what the National Minimum Wage and National Living Wage are.
- 30th July 2007State one area of business legislation.
- 31st July 2007Give one example of a primary research method.