Daily Practice · GCSE Business
November 2007 5-a-day
Every sheet in November 2007
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st November 2007What term describes the process of identifying a gap in the market and taking the risk to fill it?
- 2nd November 2007State the difference between an aim and an objective.
- 3rd November 2007State one action a new business owner could take to reduce the risk of cash-flow problems.
- 4th November 2007State the formula for net profit margin.
- 5th November 2007Why is comparing a ratio to a previous year usually more useful than looking at the ratio for a single year alone?
- 6th November 2007State one reason a business might delayer its structure.
- 7th November 2007Identify one cost to a business of high staff turnover.
- 8th November 2007Give one remedy available to a consumer after the 30-day period has passed.
- 9th November 2007State what a tariff is.
- 10th November 2007If the exchange rate is 1 pound = 1.20 euros and a UK business imports goods costing 6,000 euros, calculate the cost in pounds.
- 11th November 2007State one decision a business makes under 'Place'.
- 12th November 2007Why does increasing a product's function or aesthetics usually increase its cost?
- 13th November 2007Why is stock control especially important for a business selling fresh food?
- 14th November 2007A supplier charges 4.80 pounds a unit for orders under 500 and 4.20 pounds for orders of 500 or more. A business needs 480 units. Should it order 500? Explain.
- 15th November 2007Define overtrading.
- 16th November 2007State one method a business can use to add value to its product.
- 17th November 2007Explain why access to good transport links matters to a business that delivers goods nationally.
- 18th November 2007A start-up needs 6,000 pounds for equipment and 2,000 pounds for its first order of stock. Calculate its total start-up finance requirement.
- 19th November 2007State the formula for contribution per unit.
- 20th November 2007A sole trader needs finance but does not want to give up any control of her business. Which source should she avoid, and why?
- 21st November 2007State one disadvantage to an employee of a zero-hours contract.
- 22nd November 2007State when induction training typically takes place.
- 23rd November 2007Explain why successful differentiation can reduce a business's price sensitivity of demand.
- 24th November 2007Explain why a monopoly business can often charge higher prices.
- 25th November 2007A survey of 200 people found 90 preferred Brand A. Calculate the percentage who preferred Brand A.
- 26th November 2007A business has sales of 150,000 pounds in a market with total sales of 1,200,000 pounds. Calculate its market share.
- 27th November 2007What is a 'cash cow' in the Boston Matrix?
- 28th November 2007Explain one benefit of making each worker responsible for checking their own work.
- 29th November 2007A business sells 5,000 units a month and 3 per cent are returned at a cost of 14 pounds each. Calculate the monthly cost of returns.
- 30th November 2007Identify whether the cost of raw materials is a fixed cost or a variable cost.