Daily Practice · GCSE Business
December 2007 5-a-day
Every sheet in December 2007
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st December 2007Identify the abbreviation added to the end of a private limited company's name.
- 2nd December 2007Explain why spotting a trend early can benefit an entrepreneur.
- 3rd December 2007What is the key difference between cash and profit?
- 4th December 2007State the formula for gross profit.
- 5th December 2007State one feature of a tall organisational structure.
- 6th December 2007Explain one drawback of relying only on financial rewards to motivate staff.
- 7th December 2007State one function of a business that can be affected by new technology.
- 8th December 2007Define a recession.
- 9th December 2007Define inflation.
- 10th December 2007Why might a business need to change its marketing mix as a product moves from growth to maturity in its life cycle?
- 11th December 2007Why might a business use both a website and physical stores rather than just one?
- 12th December 2007Explain one benefit and one risk of using a chatbot for customer enquiries.
- 13th December 2007State two drawbacks of automating a production line.
- 14th December 2007State one ownership structure that is generally quicker and cheaper to set up than a private limited company.
- 15th December 2007Identify one source of new business ideas, other than spotting a gap in the market.
- 16th December 2007State one interest a supplier has in the businesses it supplies.
- 17th December 2007State one reason a franchise is generally considered lower risk than an independent start-up.
- 18th December 2007Give one drawback of using retained profit to finance expansion.
- 19th December 2007What is capital expenditure?
- 20th December 2007Identify one document a candidate usually submits when applying for a job.
- 21st December 2007Identify the term for a qualification or skill that is useful but not required for a role.
- 22nd December 2007Explain one benefit to a business of complying fully with employment and health and safety law.
- 23rd December 2007Define legislation.
- 24th December 2007What is the difference between primary and secondary market research?
- 25th December 2007Give one reason a fashion product might have a shorter product life cycle than a household appliance.
- 26th December 2007What is meant by 'brand equity'?
- 27th December 2007Explain how trade credit affects a small business's cash flow.
- 28th December 2007Explain one risk of removing all buffer stock as part of lean production.
- 29th December 2007State one way a business might respond to falling consumer spending during a recession.
- 30th December 2007Explain why a business should carry out market research before launching a new product.
- 31st December 2007State one section usually included in a business plan.